The News
The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the proposed rule and guidance announced Monday includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes.
Read More: Breitbart
North Korea is believed to possess 50 nuclear weapons – 20 more than in the past year, the Stockholm International Peace Research Institute (SIPRI) revealed in its annual report published on Monday on global militaries.
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A U.S. appeals court on Friday rejected a bid by President Joe Biden’s administration’s to revive its directive that schools allow transgender students to use bathrooms and locker rooms and to join sports teams that align with their gender, which has been blocked in 20 Republican-led states.
Read More: Newsmax
Trans-identifying swimmer Lia Thomas lost his legal challenge over rules that prevent transgender swimmers from competing in elite women’s races, including the Olympics.
Read More: Daily Wire
Apple’s has announced announced a partnership with OpenAI to bring ChatGPT technology to devices ranging from iPhones to Mac computers. Mike Benz, the founder of anti-censorship organization the Foundation for Freedom Online, harshly criticizes the partnership, tweeting, “Apple merging together with Microsoft’s ChatGPT today on a Woke Death Star AI is basically like Coke + Pepsi merging to create an inescapable death drink.”
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A taxpayer-funded luxury apartment building is reportedly set to open in Los Angeles’s Skid Row neighborhood to provide hundreds of homeless people with housing and high-end amenities.
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On Wednesday, Gov. Kathy Hochul enraged environmentalists and public transit advocates — but delighted suburban commuters — by putting the brakes on a plan to battle New York City’s traffic by imposing high tolls on Manhattan drivers.
On Thursday, she was scrambling to get support for her proposal to hike a business tax as a way of replacing the $1 billion per year the tolls had been expected to raise for New York’s ailing subway system.
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Senate Republicans on Thursday successfully blocked a “radical” contraception bill, which they say undermined parental rights and religious liberty.
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Ukraine has used U.S weapons to strike inside Russia in recent days, according to a U.S. senator and a Western official familiar with the matter.
The weapons were used under recently approved guidance from President Joe Biden allowing American arms to be used to strike inside Russia for the limited purpose of defending Kharkiv, Ukraine’s second-largest city.
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After dropping its fight with Gov. Ron DeSantis (R) earlier this year, Disney is now poised to invest up to $17 billion in Disney World, including opening a fifth theme park.
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U.S. District Court Judge Aileen Cannon has expanded the scope of a June 21 hearing in Donald Trump’s classified documents case, which could invalidate Jack Smith’s appointment as special counsel and upend his prosecutions of Trump.
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A new national stock exchange based in Dallas is slated to launch in the U.S. with the aim of taking on the New York Stock Exchange (NYSE) and the Nasdaq, and it has backing from some major Wall Street names.
Read More: Fox Business
Vermont’s Republican governor has allowed the state to become the first to require oil companies to pay for “costs associated with climate change” without his signature, pushing the law through despite his hesitation about the policy.
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Former President Donald Trump reacted to the guilty verdict handed down in his business records trial in Manhattan late Thursday afternoon, calling it a “rigged trial by a conflicted judge who was corrupt.”
Read More: Newsmax