joebiden
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However, despite its intended benefits, the proposal has encountered noteworthy resistance, even from traditionally supportive voices within the Democratic camp. For help managing your own financial portfolio, consider working with a financial advisor. Biden’s PlanCurrently, businesses pay a 1% tax on stock buybacks, a charge created when the Democrats passed the Inflation Reduction Act in 2022. In the State of the Union in January, though, Biden pushed raising the rate to 4%. Per a Morningstar report, he specifically called out the oil industry, noting that “Big Oil … invested too little of [...
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Recently the Biden administration announced that effective May 1, loan applicants with good credit scores will pay higher mortgage fees and subsidize applicants with poor credit scores to create “equitable” opportunities for home ownership. This will sow chaos and confusion in an industry already beset with falling sales due to higher mortgage rates, a shortage of housing, and sellers not wanting to sell at lower rates. Note that the actual dollar value of the higher credit score buyer is still lower than the lower credit score buyer, but the percentages have changed. The higher credit score b...
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Legislation seeking to restrict retirement plan sponsors’ ability to consider financial risks such as climate change would have threatened the pensions of millions of workers. NEW YORK, NY, MONDAY MARCH 20, 2023 – Today, members of the Interfaith Center on Corporate Responsibility (ICCR) welcomed President Biden’s veto of legislation attempting to repeal the U.S. Department of Labor’s (DOL’s) rule clarifying that retirement plan sponsors are free to consider financial risks related to environmental, social, and governance (ESG) impacts in their investment decision-making. Q4 2022 hedge fund le...
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Although lower courts have heard and ruled on the issue, the Supreme Court will have the last word on whether Biden’s plan moves forward. Q4 2022 hedge fund letters, conferences and more Given the tenor of oral arguments, the answer is most likely disappointment for the White House. During questioning the six conservative justices indicated that they strongly disagree with the politics of student loan forgiveness, historically a dispositive signal of how this bloc will vote. In doing so, they framed the issue as a “major question,” a recently created and ill-defined doctrine that this Court ha...
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Biden’s Plan to Cut Obesity Falls Far Short; U.S. Should Learn from Successes in Other Countries Reducing The Obesity EpidemicWASHINGTON, D.C. (September 27, 2022) – Tomorrow, the White House will convene a national conference on dietary health and food security which will include ideas for reducing our epidemic of obesity. Yet, although obesity is our second most important – and most expensive to the taxpayer – public health problem after smoking, it appears that the recommendations to cut obesity will be too weak compared to the magnitude of the problem. Q2 2022 hedge fund letters, conferenc...
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At the time of writing, and according to the realclearpolitics average, 37% of American voters approve of the job Joe Biden is doing while 57% disapprove of it. That makes Joe Biden the least popular president in recent times, and even less popular than Donald Trump at the same point in time into his presidency, when 42% approved of the job he was doing. Nate Silver recently showed in an overview that, after 18 months in office, Bill Clinton’s approval rating stood at 46% and Barack Obama’s at 47%. Q2 2022 hedge fund letters, conferences and more This is important because in November, American...
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It is quite likely that the presidential election of 2024 will be a rerun of the 2020 battle between Donald Trump and Joe Biden. The main difference is that both will be four years older and even less popular. The 2020 election was actually much closer than it appeared to be. While Biden won the popular vote by seven million, relatively small shifts in the vote totals in the seven battleground states would have enabled Trump to squeak through to reelection. Q2 2022 hedge fund letters, conferences and more Trump vs. Biden In 2024Biden and Trump both have a whole lot of miles on them. On Electio...
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As part of the Biden administration’s fiscal year 2023 budget proposal, aka the Green Book, for the Treasury Department, Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee in early June 2022. Q1 2022 hedge fund letters, conferences and more On Wednesday, June 8, she testified before the House Ways and Means Committee in a hearing called “Proposed Fiscal Year 2023 Budget with Treasury Secretary Janet Yellen.” This hearing focused on tax reforms, food and energy prices, rising prices, and controlling inflationary pressures in the ...
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Following are excerpts from the unofficial transcript of a CNBC exclusive interview with former Fed Chair Ben Bernanke on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Monday, May 16. Following are links to video on CNBC.com: The Fed’s Delayed Inflation Response Was A Mistake, Says Former Chair Ben BernankeFormer Fed Chair Ben Bernanke On Inflation, ESG And President BidenPART IANDREW ROSS SORKIN: Welcome back to “Squawk Box.” Former Fed Chair Ben Bernanke is out with a new book this week. It’s titled, “21 Century Monetary Policy: Federal Reserve from the Great Inflation to COVID-19.” In an exc...
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