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Biden White House: Year 4


tgo

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No I don't think that has anything to do with super rich. It is the top 1.8% of income earners though.    Also if you think the proposals to raise the taxes on people making that much are ex

A couple of years ago, I was  late for a conference call with colleagues in Germany and India. After joining the call and apologizing for being late. Someone from India said, "just be like Trump and s

Voter ID isn't the big issue. The big issue is state law proposals that allow state legislatures to overrule the vote in elections and that take power away from the state's secretaries of state as wel

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https://fortune.com/2024/02/06/irs-tax-collection-estimate-inflation-reduction-act/
 

The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.

 

Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act, which became law in August 2022.

 

The Congressional Budget Office in 2022 estimated that the tens of billions of new IRS funding provided by the IRA would increase revenues by $180.4 billion from 2022 to 2031. The IRS now says that if IRA funding is restored, renewed and diversified, estimated revenues could reach as much as $851 billion from 2024 to 2034.

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The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation.

 

The landmark moment comes during a period of strong economic growth, the artificial intelligence revolution, a better-than-expected earnings season, and anticipation of a pivot from the Federal Reserve to start cutting rates.

 

The S&P 500 briefly topped 5,000 for the first time intraday on Thursday.

It took almost 41 years for the S&P 500 to reach its first major milestone of 1,000, which it hit on February 2, 1998, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

 

The index reached its previous major milestone of 4,000 on April 1, 2021, after the Fed slashed rates to almost zero, the government pumped stimulus funds into the economy and the Covid-19 vaccine fueled optimism of post-pandemic economic growth.

 

On January 19, the benchmark index hit a new record for the first time in two years, closing at and besting its previous high of 4,796.56, reached on January 3, 2022. The index went on to set six new highs in January alone.

https://www.cnn.com/2024/02/09/investing/markets-sp500-record-high/index.html

 

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In preseason coachspeak: Yeah, we need to get that cleaned up
 

President Joe Biden on Monday launched a task force aimed at addressing the “systemic” problem of mishandling classified information during presidential transitions, days after a Justice Department special counsel’s sharply critical report said he had done just that.

 

The Presidential Records Transition Task Force will study past transitions to determine best practices for safeguarding classified information from an outgoing administration, the White House said. It will also assess the need for changes to existing policies and procedures to prevent the removal of sensitive information that by law should be kept with the National Archives and Records Administration.

 

https://apnews.com/article/biden-trump-transition-archives-classified-documents-0962248067aa95ae129287c4b400f999

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9 minutes ago, begooode said:

In preseason coachspeak: Yeah, we need to get that cleaned up
 

President Joe Biden on Monday launched a task force aimed at addressing the “systemic” problem of mishandling classified information during presidential transitions, days after a Justice Department special counsel’s sharply critical report said he had done just that.

 

The Presidential Records Transition Task Force will study past transitions to determine best practices for safeguarding classified information from an outgoing administration, the White House said. It will also assess the need for changes to existing policies and procedures to prevent the removal of sensitive information that by law should be kept with the National Archives and Records Administration.

 

https://apnews.com/article/biden-trump-transition-archives-classified-documents-0962248067aa95ae129287c4b400f999

Better late than never. This should have already been done not only for its correctness but because politically this makes him look like he's admitting he's wrong, which he was. This should have been done as soon as Trump was indicted. 

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