📈 Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan
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Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan. President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter. (Nancy Cook via Bloomberg)
Beijing Asks Alibaba to Shed Its Media Assets. China’s government has asked Alibaba Group Holding Ltd. to dispose of its media assets, as officials grow more concerned about the technology giant’s sway over public opinion in the country, according to people familiar with the matter. (Jing Yang via Wall Street Journal)
Elon Musk crowns himself 'Technoking' of Tesla. Elon Musk has a new title at Tesla: “Technoking.” The electric automaker announced the head-scratching sobriquet in a filing with the US Securities and Exchange Commission on Monday, along with chief financial officer Zach Kirkhorn’s new position as “Master of Coin.” (Andrew J. Hawkins via The Verge)
Stripe closes $600M round at a $95B valuation. On the heels of reports that Stripe was raising yet more money, the payments giant has now confirmed the details. The company has closed in on another $600 million, at a valuation of $95 billion. (Ingrid Lunden via TechCrunch)
Fauci points to Covid surge in Europe as warning against lifting U.S. restrictions right now. White House Chief Medical Advisor Dr. Anthony Fauci warned state leaders on Sunday that the nation’s battle with the coronavirus is still “not in the end zone,” and urged Americans to adhere to public health measures as Europeans experience new infection spikes. (Amanda Macias via CNBC)
Charles Booker Is ‘Strongly Considering’ Running For Rand Paul’s Senate Seat. Charles Booker, a former Kentucky state representative who ran a high-profile but ultimately unsuccessful run for Senate Minority Leader Mitch McConnell’s seat last year, floated running against Sen. Rand Paul (R-Ky.) next year during a television appearance Sunday. (Carlie Porterfield via Forbes)
Pastors quit after watching churchgoers become radicalized by QAnon. On the morning of the Capitol riot, Vern Swieringa told his wife during a walk with their dogs: "Something is going to happen today. I don't know what, but something's going to happen today." (Sophia Ankel via Business Insider)
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