The Daily Populous

Saturday March 20th, 2021 morning edition

image for Biden may bump income taxes to 39% for high-earning Americans to pay for an infrastructure package

The White House is weighing how to finance an infrastructure and jobs package.

President Joe Biden is seeking to finance a major infrastructure and jobs package in the months ahead, and it appears increasingly likely tax hikes will be among the bill's key components.

The Biden administration is reportedly considering a tax increase on both high-earning Americans as well as big corporations, White House aides told Axios.

During the campaign, Biden laid out an economic plan to increase taxes on the top income bracket to 39.6%.

He labeled a coming infrastructure package a "Trojan horse" aimed at implementing many progressive priorities in lieu of focusing spending on roads and bridges.

The White House still hasn't laid out an infrastructure package, though Congressional Democrats are in the early stages of assembling one.

White House Press Secretary Jen Psaki reiterated on Thursday that Biden wants to raise taxes on certain Americans. »

Saudi Crown Prince Mohammed bin Salman Successfully Served with Lawsuit Filed by Jamal Khashoggi’s Fiancée

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Nearly five months after slain journalist Jamal Khashoggi’s fiancée Hatice Cengiz filed a federal lawsuit against Mohammed bin Salman, the pro-democracy group that the murdered dissident founded succeeded in serving the Saudi Crown Prince with court papers.

Seeking paperwork to marry Cengiz, Khashoggi walked into a Saudi consulate in Istanbul, where he was killed and dismembered.

The group says that their efforts to serve bin Salman took a hopeful turn after Judge John Bates, a George W. Bush appointee, allowed the Crown Prince to be served via WhatsApp. »

What’s new in Night City? [Patch 1.2 development insight]

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Welcome to this special report of N54 News, bringing news from Night City to every Night Citizen stranded away from home!

The NCPD Quick Response Team is under fire from concerned Night Citizens and corporations alike.

What was supposed to make Night Citizens feel safe on the streets resulted in a staggering drop of public trust towards NCPD officers. »

Scientist behind coronavirus shot says next target is cancer

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BERLIN (AP) — The scientist who won the race to deliver the first widely used coronavirus vaccine says people can rest assured the shots are safe, and the technology behind it will soon be used to fight another global scourge — cancer.

Over breakfast, the couple decided to apply the technology they’d been researching for two decades to the new threat, dubbing the effort “Project Lightspeed.”.

“We have several different cancer vaccines based on mRNA,” said Tureci, who is BioNTech’s chief medical officer. »

Federal Reserve to End Emergency Capital Relief for Big Banks

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WASHINGTON—The Federal Reserve said it was ending a yearlong reprieve that had eased capital requirements for big banks, disappointing Wall Street firms that had lobbied for an extension.

Friday’s decision means banks will lose the temporary ability to exclude Treasurys and deposits held at the central bank from lenders’ so-called supplementary leverage ratio.

That will likely force banks to hold more capital or reduce their holdings of those assets, both of which could ripple through markets. »