US News

cross-posted from: https://lemmy.ca/post/23351575

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

The guidance and ruling being announced Monday includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes.

Biden administration officials said after evaluating the practice that there are no economic grounds for these transactions, with Deputy Treasury Secretary Wally Adeyemo calling it “really just a shell game.” The officials said the additional IRS funding provided through the 2022 Inflation Reduction Act had enabled increased oversight and greater awareness of the practice.

“These tax shelters allow wealthy taxpayers to avoid paying what they owe,” IRS commissioner Danny Werfel said.

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A Tesla was in its self-driving mode when it crashed into a parked patrol vehicle responding to a fatal crash in Orange County Thursday morning, police said. 

The officer was on traffic control duty blocking Orangethorpe Avenue in Fullerton for an investigation into a suspected DUI crash that left a motorcyclist dead around 9 p.m. Wednesday when his vehicle was struck.

A Fullerton Police Department spokesperson said the officer was standing outside his vehicle around midnight when he saw a Tesla driving in his direction and not slowing down.

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The United States will send Ukraine another Patriot missile system, two U.S. officials said Tuesday, answering Kyiv’s desperate calls for more air defenses as it battles an intense Russian assault on the northeastern Kharkiv region.

The officials said President Joe Biden has approved the move. It would be the second Patriot system that the U.S. has given to Ukraine, although the Pentagon has routinely provided an undisclosed number of missiles for the system. Other allies, including Germany, also have provided air defense systems as well as munitions for them.

The two U.S. officials spoke on condition of anonymity because the decision has not been publicly announced. The decision was first reported by The New York Times.

Ukrainian President Volodymyr Zelenskyy late last month pleaded for additional U.S.-made Patriot systems, arguing that they will help his forces fight the close to 3,000 bombs that he said Russia launches into the country every month.

cross-posted from: https://lemmy.world/post/16425815

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One of the major drivers of the exceptional heat building within Earth's atmosphere has reached levels beyond anything humans have ever experienced, officials announced on Thursday. Carbon dioxide, the gas that accounts for the majority of global warming caused by human activities, is accumulating "faster than ever," scientists from NOAA, the Scripps Institution of Oceanography and the University of California San Diego found. 

"Over the past year, we've experienced the hottest year on record, the hottest ocean temperatures on record, and a seemingly endless string of heat waves, droughts, floods, wildfires and storms," NOAA Administrator Rick Spinrad said in a press release. "Now we are finding that atmospheric CO2 levels are increasing faster than ever."

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In a new, secret recording, the Supreme Court justice’s wife bemoans having to “look across the lagoon at the Pride flag”

Martha-Ann Alito, wife of Supreme CourtJustice Samuel Alito, is incensed about seeing rainbow Pride flags during Pride Month, according to a new recording obtained by Rolling Stone. If it were up to her, she would be flying a Sacred Heart of Jesus flag in response. Or she might design her own flag, one sporting the Italian word for “shame.” 

In recent weeks, Martha-Ann Alito has been at the center of a national firestorm over two flags seen flying at their residences that have been associated with right-wing movements that question the legitimacy of the results of the 2020 election. Justice Alito has blamed his wife for flying those flags — and rebuffed calls from Democratic lawmakers to recuse himself from upcoming decisions in cases related to the Jan. 6 insurrection at the U.S. Capitol.

Like her husband, Mrs. Alito is unbowed by the criticism and controversy — as she makes clear in comments recorded by liberal documentary filmmaker Lauren Windsor. Windsor, posing as a Christian conservative, spoke at length with Mrs. Alito at a dinner reception hosted by the Supreme Court Historical Society last week. Windsor attended the dinner as a dues-paying member and bought a ticket; a colleague joined her.

…

When Windsor tells Mrs. Alito she is being persecuted and depicted as “a convenient stand-in for anybody who’s religious,” the justice’s wife gets quieter, and her tone turns more serious: “Look at me, look at me. I’m German. I’m from Germany. My heritage is German. You come after me, I’m gonna give it back to you. And there will be a way — it doesn’t have to be now — but there will be a way they will know. Don’t worry about it. God — you read the Bible. Psalm 27 is my psalm. Mine. Psalm 27, the Lord is my God and my rock. Of whom shall I be afraid? Nobody.”

cross-posted from: https://lemmy.world/post/16385374

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People are a little bit stingier in barber chairs and Ubers than they were just a few years ago.

The shares of adults who say they always tip their hair stylists, servers at sit-down restaurants and food delivery people have each fallen 8 percentage points since 2021, according to a Bankrate survey released Wednesday. That rate slipped 7 percentage points for taxi and ride-hail drivers over the same period.

Three years ago, the economy was reopening from the pandemic and inflation was higher than it is now, but so was concern for front-line workers.

At the time, three-quarters of consumers reported always tipping restaurant servers, but today just two-thirds do. Despite modest upticks since last year, barely more than half of people now count themselves reliable tippers of hairdressers (55%) and food delivery drivers (51%), while only 41% say the same when it comes to ordering a ride.

The survey reflects Americans’ growing ease bypassing ubiquitous tipping prompts, from coffeeshops to airport terminals in the post-Covid economy, especially as sticker prices have risen. While consumer spending has held remarkably steady, many households are feeling the squeeze from persistent inflation and tightening their belts accordingly. Some of that newfound caution may be factoring into when, where and how much people tip.

cross-posted from: https://lemmy.world/post/16344332

• Former President Donald Trump recognized that the price of insulin is lower under President Joe Biden but still tried to take credit for it.
• Trump has lagged Biden on the issue of health care in recent voter surveys.
• Trump spent much of his term trying to repeal the Affordable Care Act, which covers roughly 45 million Americans, without offering an alternative health-care option.

cross-posted from: https://lemmy.world/post/16298614

The new standards are part of a broad push to get more Americans into electric vehicles, and reduce the environmental cost of driving.

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Paywall removed: https://archive.is/MbQYG

https://archive.is/JvqKi

cross-posted from: https://lemmy.world/post/16260441