Proposal boosts standard deduction, increases maximum child tax credit By Richard Rubin Republicans have released the first public draft of their new tax bill, aiming to extend and expand parts of Trump’s 2017 tax cuts starting in 2025. Key provisions include: These changes are expected to reduce federal revenue by $4.9 trillion over 10 years. Though […]
The S&P 500 rose 9.5 percent after President Trump announced he would pause his “reciprocal” tariffs for 90 days, but economists warned that American importers were not out of danger. Ana Swanson Here’s the latest. Stocks soared on Wednesday after President Trump abruptly announced he would back down on his “reciprocal” tariffs for 90 days, […]
By Greg Ryan Half a percentage point. After months of finger-pointing and public acrimony, that’s all that’s in the way of a compromise between Boston Mayor Michelle Wu and the business community on a property tax hike. But as close as the two sides are to striking a bargain, there’s still plenty of frustration going around, […]
By Jim Morrison The US Justice Department and attorneys general in eight states are suing a popular AI-enabled property management software system over alleged anti-trust violations. The Justice Department — and the states of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — accuse RealPage Inc. of violating the Sherman Act and harming “millions […]
By Larry Edelman To paraphrase a popular business maxim — most frequently attributed to management guru Peter Drucker — you can’t improve what you don’t measure. To that end, a leading business group on Monday unveiled the Massachusetts Competitive Index, a new gauge of the state’s economic strengths and weaknesses designed to show how we compare against […]
The Biosecure Act could ban Chinese biotechs and hurt Mass. drug developers. But some see an opportunity for local R&D.By Hannah Green Driven by concerns over national security, the federal government is weighing a crackdown on Chinese biotechnology suppliers that would have far-reaching effects in the life sciences industry. The legislation, known as the Biosecure Act, would prevent biotech […]
by Justice Malala In 1994 south Africa provided some of the most joyous scenes of the late 20th century, when it elected Nelson Mandela as its first black president. The more or less peaceful transition from apartheid to multiracial democracy demonstrated what can happen when political enemies show courage and imagination. Yet as our Briefing this […]
By Nick Stoico President Biden has nominated former Boston mayor Martin J. Walsh to serve on the United States Postal Service’s board of governors, the White House said Thursday. Walsh, a Dorchester native, served in Biden’s cabinet as labor secretary until he left last year to become executive director of the National Hockey League Players’ […]
By Andrew Brinker A high-profile push by Boston Mayor Michelle Wu and some housing advocates to end the state’s three-decade-old ban on rent control has gained little traction with state lawmakers this year. So now supporters are considering another approach: taking the matter to the voters. Cambridge StateRepresentative Mike Connolly — “acting in my personal […]
By Ramsey Al-Rikabi Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they could stunt lending and competition, and she repeated her calls for an independent review of recent bank failures. “We need to consider whether examiners have the appropriate tools and support to identify important issues […]
