Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

Sanders pushes for 95 percent tax on corporate ‘windfall’ profits

This post was originally published on this siteSenate Budget Committee chair Bernie Sanders (I-Vt.) on Tuesday made a push for a bill that seeks to levy a 95 percent tax on windfall profits of companies that bring in more than $500 million in revenue annually. Sanders highlighted reports detailing higher...

Read more
Immigration snag threatens to stall $10 billion coronavirus package

Immigration snag threatens to stall $10 billion coronavirus package

This post was originally published on this sitemultiple Republicans said Tuesday that they would seek a vote on border restrictions as a condition of the covid-19 package.

Read more
Mitt Romney’s historic flip on Ketanji Brown Jackson

Mitt Romney’s historic flip on Ketanji Brown Jackson

This post was originally published on this siteIt’s only the second time in at least 50 years that a Supreme Court nominee will match her bipartisan support from a previous confirmation.

Read more
Fred Upton, Republican who voted to impeach Trump, retiring from House seat

Fred Upton, Republican who voted to impeach Trump, retiring from House seat

This post was originally published on this siteRep. Fred Upton of Michigan, one of the 10 House Republicans to vote for impeachment against former President Donald Trump, announced on the House floor Tuesday that he was not running again for Congress.

Read more
Ivanka Trump to Testify to House Panel Investigating Jan. 6 Attack

Ivanka Trump to Testify to House Panel Investigating Jan. 6 Attack

This post was originally published on this siteThe former president’s daughter and adviser was in the West Wing with him as a pro-Trump mob stormed the Capitol. She is said to have tried to persuade him to call off the rioters.

Read more
Twitter shares jumped after Elon Musk took a seat on the board

Twitter shares jumped after Elon Musk took a seat on the board

This post was originally published on this site   Ilona Maska’s investment in Twitter comes after he said he was considering creating a new social networking platform. Jim Watson AFP | Getty Images Shares of Twitter rose more than 7% on Tuesday in pre-market trading after Elon Musk was appointed...

Read more
7.1 million internally displaced in Ukraine: UN

7.1 million internally displaced in Ukraine: UN

This post was originally published on this site More than 7.1 million are estimated to have been internally displaced by Russia’s war in Ukraine, having fled their homes but remained in the country, the United Nations said Tuesday. The figure issued by the UN’s International Organization for Migration is up...

Read more
Senate negotiators reach $10 billion COVID funding deal, without global vaccine funds

Senate negotiators reach $10 billion COVID funding deal, without global vaccine funds

Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Mitt Romney (R-Utah) on Monday announced a $10 billion deal to fund COVID-19 treatments, vaccines, and related domestic tools to fight the pandemic. But the deal, lower than the $22.5 billion requested by the White House, doesn’t contain funds for helping other countries fight the pandemic, slightly complicating the deal’s passage through the Democratic-controlled House. 
Romney, the top GOP negotiator, said the package would address America’s “urgent COVID needs” and highlighted that it “will not cost the American people a single additional dollar,” since the funds were repurposed from previous COVID-19 relief packages. Schumer, the lead Democratic bargainer, said that “while we were unable to reach an agreement on international aid in this new agreement, many Democrats and Republicans are committed to pursuing a second supplemental later this spring.”
The White House, which had warned the federal government was running out of funds for vaccines and treatments, backed the compromise deal. “Every dollar we requested is essential,” said Press Secretary Jen Psaki. “But time is of the essence. We urge Congress to move promptly on this $10 billion package because it can begin to fund the most immediate needs.”
Republican negotiators over the weekend couldn’t agree on a unified position on the international aid, with some insisting it be tied to President Biden dropping his plan to halt pandemic border rules, Politico reports. Democratic negotiators agreed to drop the funding to get the domestic funds on the move, but they called it penny-wise, pound-foolish. 
Sen. Chris Coons (D-Del.) said it was a “grave mistake” and “fiscally foolish” to not send tens of millions of unused U.S. vaccines aboard. “We know that the virus is going to mutate much more effectively in large bodies of unvaccinated people,” said Rep. Jake Auchincloss (D-Mass.), co-chair of the Global Vaccination Caucus, and mutations travel around the world.

Read more
Russia-Ukraine war: EU eyes sanctions on Russia’s oil and coal

Russia-Ukraine war: EU eyes sanctions on Russia’s oil and coal

This post was originally published on this siteRevelations of atrocities have added impetus to calls for further measures targeting Russian energy.

Read more