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The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan is quickly running into criticism. Some Democratic lawmakers view it as too cumbersome and prefer the original plan of simply raising the top tax rates on corporations and the wealthy. Democrats are working frantically to shore up the revenue side of Biden’s domestic package. Biden said Monday he’s hopeful the talks with Congress can wrap up overall agreement this week, before he departs for global summits. Senate Republican leader Mitch McConnell warns of revenue drying up during downturns.

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A majority of Americans regard the deteriorating climate as a problem of high importance to them. That's the finding of a new poll by The Associated Press and the NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago. In all, 59% of Americans said the Earth’s warming was very or extremely important to them as an issue, up from 49% in 2018. Roughly that many also believe the pace of warming is increasing. President Joe Biden is hoping to help negotiate big cuts in climate-wrecking pollution globally at the upcoming climate summit in Glasgow, Scotland.

  • Updated

The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan is quickly running into criticism. Some Democratic lawmakers view it as too cumbersome and prefer the original plan of simply raising the top tax rates on corporations and the wealthy. Democrats are working frantically to shore up the revenue side of Biden’s domestic package. Biden said Monday he’s hopeful the talks with Congress can wrap up overall agreement this week, before he departs for global summits.

  • Updated

Amid fallout from the Facebook Papers showing its failure to address the harms its social network has created around the world, Facebook on Monday reported higher profit for the latest quarter, buoyed by strong advertising revenue. Also on Monday, Facebook whistleblower Frances Haugen told British lawmakers that the social media giant stokes online hate and extremism, fails to protect children from harmful content and lacks any incentive to fix the problems. Haugen spoke Monday before a parliamentary committee that’s working on legislation to rein in the power of social media companies. Her sharp comments are providing momentum for efforts by European governments working on stricter regulation of tech giants.