Your guide to how Washington shapes business and the economy
 | FRI, APR 16, 2021 | | | Hello, Happy Friday. Here's a look at what we have been following at CNBC Politics, and what we'll be watching in the near future. - The SALT fight: As President Biden pushes his $2 trillion infrastructure bill, several lawmakers on both sides of the aisle are trying to convince him to ditch what's called the SALT cap. The provision, which has been law since former President Trump signed his tax reform bill, limits how much in state and local taxes, or SALT, they can deduct from their federal tax bill. Several Democrats in high-tax states such as California and New York have pushed to repeal it, as have multiple Republicans. But others in the GOP and progressive Democrats say repealing the cap would benefit wealthier Americans. The fight could potentially derail any infrastructure push.
- Russian sanctions: The Biden administration hit Russia with several more sanctions this week, slamming Vladimir Putin's regime for the Solarwinds hack and U.S. election interference. Biden, in a speech Thursday, warned that he could take further action if the Kremlin continued to escalate its cyber campaign against U.S. interests. Yet he again pushed for a summit with Putin, and urged his Russian counterpart to be more cooperative in global affairs.
- Market mystery: It is not a politics story, but it's the kind of thing that could make some politicians and regulators curious. Prominent investor David Einhorn, in a letter released Thursday, flagged the bonkers $100 million stock market valuation for a firm that owns a single deli in Paulsboro, New Jersey, which ringed up $35,000 in sales over two years. CNBC's Dan Mangan did a little digging and found some intriguing details about the company, which boasts shareholders in Macau and Hong Kong. Its CEO is a local high school wrestling coach and principal, while a math teacher at the school is its vice president and treasurer.
- The Derek Chauvin trial: The defense rested this week, meaning jurors will soon decide the fate of the former police officer accused of murdering unarmed Black man George Floyd last year. Floyd's death triggered nationwide protests and corporate initiatives to combat systemic racism. A verdict could come next week. Follow CNBC.com for the latest updates.
Thoughts? Email Politics Editor Mike Calia at CNBCPolitics@nbcuni.com. Have friends or colleagues who might like this newsletter? They can sign up here. Subscribe to CNBC's daily new podcast The News with Shepard Smith, which provides deep, non-partisan coverage and perspective on the day's most important stories. |
Tidak ada komentar:
Posting Komentar