Tag: cut

Conservative think tank: Biden proposals would cut taxes for most in 2021

The tax proposals of Democratic presidential nominee Joe BidenJoe BidenMcConnell challenger dodges court packing question ‘Hamilton’ cast to reunite for Biden fundraiser Trump relishes return to large rallies following COVID-19 diagnosis MORE would raise $2.8 trillion over 10 years and reduce taxes for most households in the near-term, according to an analysis released Tuesday by the right-leaning American Enterprise Institute (AEI).

“Overall, Biden’s tax proposals would make the US tax code more progressive,” AEI researchers said in their paper.

Biden has offered a number of tax proposals aimed at raising taxes on wealthy individuals and corporations. These include undoing portions of President TrumpDonald John TrumpTwo ethics groups call on House to begin impeachment inquiry against Barr Trump relishes return to large rallies following COVID-19 diagnosis McGrath: McConnell ‘can’t get it done’ on COVID-19 relief MORE‘s 2017 tax-cut law that cut taxes for people making over $400,000, subjecting

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Investors lead push for Australian business to cut emissions more than government forecasts

Major investors and super funds will lead a push for the private sector to make much deeper cuts in national greenhouse gas emissions by 2030 than planned by the Morrison government, including setting a target based on what scientists say is necessary.



a herd of cattle grazing on a dry grass field: Photograph: Mick Tsikas/AAP


© Provided by The Guardian
Photograph: Mick Tsikas/AAP

The newly created “climate league 2030” is calling on investors, insurers, banks and companies to sign up to a goal of reducing national emissions by at least 230m tonnes a year more than the government forecasts by 2030.

It is equivalent to about a 45% cut by 2030 compared with the 2005 benchmark used by the government – the minimum short-term target recommended by the government’s Climate Change Authority for Australia to play its part in keeping average global heating below 2C. They say action is needed now to put the country on a path to net zero emissions by

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Detroit Lions cut jobs on business side as team struggles on field

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Detroit Lions don’t seem intent on making a midseason coaching change, so what improvements, if any, can save the 2020 season? (Filmed Oct. 5, 2020)

Detroit Free Press

With no fans allowed at Ford Field for at least another month due to the coronavirus pandemic, the Detroit Lions laid off a portion of their business-side staff this week.

The exact number of job cuts is unknown, and the Lions declined to say what percent of their approximately 300-person non-football work force was impacted by the layoffs.

“Consistent with organizational policy, we will not be issuing comment on internal business matters,” the team said in a statement to the Free Press.

Ford Field, home to the Detroit Lions, is seen before drills at practice, Wednesday, Sept. 2, 2020, in Detroit. (Photo: Carlos Osorio, AP)

The cuts came during the team’s bye week, and less than seven days after the organization

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These credit cards still have sky-high interest rates despite the Fed’s rate cut

When the Federal Reserve dropped interest rates to 0% earlier this year, the rates on many consumer loans followed suit. Some store credit cards have proven to be the exception.



a man and a woman sitting at a table: Taking out a store credit card to help pay for that new piece of jewelry could be a mistake.


© Getty Images/iStockphoto
Taking out a store credit card to help pay for that new piece of jewelry could be a mistake.

A new report from CreditCards.com looked at the interest rates banks are charging for store cards — credit cards that are issued, often at checkout, by retailers. On average, retail cards now carry an annual percentage rate of 24.43%, down from 26% a year ago.

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But some retailers have kept their rates high. The CreditCards.com report analyzed 84 retail cards. Of those, 15 credit cards have the same rate as a year ago, while two have upped the APR they charge.

What’s more, multiple retailers offer store cards that come with an industry-high interest rate of

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MTA cancels proposal to slash bus service in Baltimore after heavy criticism; will cut MARC, commuter bus service instead

Under fire from Baltimore-area bus riders, business leaders, politicians, parents and advocates, the Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.



a bus that is parked on the side of a road: A rider gets off of the 30 bus outside of Sinai Hospital to wait for a connecting bus. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.


© Ulysses Muu00f1oz/The Baltimore Sun/The Baltimore Sun/TNS
A rider gets off of the 30 bus outside of Sinai Hospital to wait for a connecting bus. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.



a man standing in front of a building: Daniel Gooden, 39, of Northwest Baltimore, is a frequent bus rider, who uses it to commute all around the city for work. Often, while he's riding, he works on drawings of the buses. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus. 09-30-2020


© Ulysses Muu00f1oz/The Baltimore Sun/The Baltimore Sun/TNS
Daniel Gooden, 39, of Northwest Baltimore, is a frequent bus rider, who uses it to commute all around the city for work. Often, while he’s riding, he works on drawings of the buses. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region

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Store Landlords Face a Battle For a Cut of Online Sales

If retailers want leases that reflect modern shopping habits, should they hand over a cut of online sales to their landlords?

Some property owners think this would be a fair trade off in the clamor for more flexible rent arrangements. So far, though, there is no good way to measure what landlords might be entitled to and tenants have few reasons to play ball.

From global fashion players like Zara and

H&M

to mom-and-pop stores, most retailers are demanding better terms from landlords as the Covid-19 pandemic slows sales, particularly offline. In the U.K., shop owners received only two-thirds of the quarterly rent they were owed in the three months to Sept. 22, according to data by Remit Consulting. More tenants now want to hand over a percentage of their sales as rent rather than a fixed monthly or quarterly fee, an arrangement already common in the U.S.

Most retailers

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Shell plans to cut up to 9,000 jobs in transition plan

LONDON (Reuters) – Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman/File Photo

Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to additional annual savings of around $2 billion to $2.5 billion by 2022 beyond cost cuts of $3 to $4 billion announced earlier this year.

Shell’s London-traded shares were down over 1% in early trade.

Last month it launched a broad review of its business aimed at cutting costs as it prepares to restructure its operations as part of the shift to low-carbon energy.

The Anglo-Dutch company said it expected to cut 7,000

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Google to Collect 30% Cut on In-App Purchases Starting in 2021

Taking a page out of Apple’s  (AAPL) – Get Report book, Google will begin more strictly enforcing rules that require developers to use Google’s  (GOOGL) – Get Report payment system for in-app purchases. 

Google announced the change on its Android developer blog on Monday, describing it as a clarification of Google’s existing rules on in-app purchases. Google had an existing policy requiring developers to use Google’s billing system, but the policy had been loosely enforced. 

“We’ve always required developers who distribute their apps on Play to use Google Play’s billing system if they offer in-app purchases of digital goods, and pay a service fee from a percentage of the purchase,” wrote Sameer Samat, VP of product management at Android. “We only collect a service fee if the developer charges users to download their app or they sell in-app digital items, and we think that is fair.

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‘How does a kid like this get cut?’ Saints’ Taysom Hill faces Packers team that let him go | Saints

The 2017 Green Bay Packers had begun trimming their roster to 53 players and Max McCaffrey didn’t make the cut, so he started exchanging goodbyes.

The wide receiver was in good spirits, though, after signing to the New Orleans Saints’ practice squad. As he continued to finish up his business in the locker room, one more person walked in. And McCaffrey had to thank him, because without this rookie quarterback, McCaffrey himself might not have found a landing spot.

“We start talking like, ‘Taysom, it’s been awesome, man. I’m heading out to New Orleans,’” McCaffrey said. “He’s like, ‘Oh wait. Me too.’”

McCaffrey and Taysom Hill hopped on the same flight to New Orleans, “which was hilarious,” McCaffrey says. “Just being in that locker room, we’re training all preseason, and both of us are thinking we’re off to some other place.”

McCaffrey ultimately ended up somewhere else, signing with Jacksonville

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Apple backs down on taking 30% cut of paid online events on Facebook

Apple backs down on taking 30% cut of paid online events on Facebook

Facebook

Facebook has temporarily shamed Apple out of taking a 30 percent cut of paid online events organized by small businesses and hosted on Facebook—things like cooking classes, workout sessions, and happy hours. Demand for these kinds of online events has soared during the COVID-19 pandemic.

Apple says that it has a longstanding policy that digital products must be purchased using Apple’s in-app payments system—and hence pay Apple’s 30 percent tax. In contrast, companies selling physical goods and services are not only allowed but required to use other payment methods (options here include Apple Pay, which doesn’t take such a big cut).

For example, an in-person cooking class is not a digital product, so a business selling cooking class tickets via an iPhone app wouldn’t have to give Apple a 30 percent cut. But if the same business offers a virtual cooking class, Apple considers that to be a digital

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