President Joe Biden proposes creating a minimum corporate tax rate of 15 percent as a way to pay for an infrastructure bill. That’s down from the initially proposed 28 percent. The Treasury Department also discussed the global corporate minimum tax rate during a recent meeting with G-20 leaders, saying 15 percent should be the minimum. Biden also floats a plan to increase funding for the IRS to tighten tax enforcement.
The Justice Department will elevate ransomware investigations to a similar level of priority as terrorism in an effort to defeat cybercriminals threatening the nation. This comes after several recent cyberattacks targeted key infrastructure and industries in the United States. Ransomware hackers recently disrupted operations at the world’s largest meat supplier, JBS, and the attack on the Colonial Pipeline added to fears of gas prices rising.
Supersonic flights are on their way back to the commercial air travel market. United Airlines has agreed to buy 15 supersonic jets from Boom Technology. This comes as supersonic startups focus on net-zero emissions and noise-muffling tech.
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