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  • Politics
    MarketWatch

    Tax the rich? Democrats’ plans let billionaires off the hook

    The House Ways and Means Committee outlined plans on Sept. 13, to move the top marginal income rate up a couple of notches to 39.6% and to introduce a 3% surtax on incomes above $5 million. Tax policy is deemed progressive if the chunk of income taken increases with the income of the individual – so wealthy Americans would pay a larger proportion of their income than poorer ones. With a regressive tax policy, lower earners pay a larger percentage of their earnings in tax than wealthier ones.

  • Business
    Reuters

    Barra: GM will make 'substantial shifts' in supply chain over chips

    General Motors Co Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts. "We're going to make some pretty substantial shifts in our supply chain," Barra said in an online interview. A GM spokesman declined to comment further on how the company might shift its supply chain.

  • Business
    MoneyWise

    Gold price: Here's why the yellow metal could double and the best ways to buy it

    Here's how to dabble in the most popular investment in human history.

  • World
    Oilprice.com

    Russia And China Are Looking To Tap Afghanistan’s $1 Trillion Resource Reserves

    The end of America’s 20-year war in Afghanistan has opened up an opportunity for China and Russia to tap the country’s vast mineral wealth