A bipartisan U.S. infrastructure plan that doesn’t include higher taxes for individuals and corporations could squelch the intense demand for municipal bonds seen this year from investors looking to shield some of their income, according to Barclays Plc.
Charles Schwab & Co. and its $15 billion charitable investing platform defeated a proposed class action claiming they steer money earmarked for charity into high-fee proprietary mutual funds, after a California federal judge determined that the donor clients lack standing.
New York City residents and politicians warned in a series of recent hearings that a proposal to assess property taxes based on 100% of their home’s market value would unfairly burden low and moderate-income workers, seniors, and retirees living on fixed income, and others.
Read more: Bipartisan group of senators introduced incentives for chipmakers. The New Markets Tax Credit funded more than 250 projects in low-income areas in the pandemic. The Supreme Court upheld the Affordable Care Act.