The Biden administration has been putting pressure on companies across multiple sectors to be more transparent with consumers.
A few years after Alito reportedly took a trip to Alaska paid for by Republican donor Paul Singer, the Supreme Court issued a ruling in a case involving Singer that netted his hedge fund $2.4 billion.
While Ticketmaster and SeatGeek have agreed to institute more transparency when it comes to ticket sales, some anti-monopoly advocates think the answer is “breaking up” these companies altogether.
Republicans immediately rejected Biden's plan, but have yet to release their own budget. They have made it clear, however, that they want to apply deep spending cuts to everything from health insurance to food assistance benefits.
Biden’s plan would increase the Medicare tax rate on Americans earning above $400,000 from 3.8% to 5% to help keep Medicare solvent into the 2050s. No one earning under $400,000 a year would pay a dime more in taxes, under Biden’s plan.
Control of the two chambers of Congress will come down to mail ballots that are still being counted in Arizona, California, Colorado, Nevada, and Oregon—and possibly a December Senate run-off election in Georgia.
With many American families facing record-high energy costs this coming winter, the Biden-Harris administration has announced several steps to help lessen the burden.
