As the world shifts towards electric vehicles, a US subsidiary of China's Gotion High-tech Co. Ltd., Gotion Inc., is planning to set up electric vehicle battery plants in Illinois and Michigan. The company has received substantial tax credits and subsidies to achieve this goal. However, local residents and politicians are raising concerns about the impact of these pl...

Imagine driving on a highway with no speed limit signs, no traffic police, and no restrictions. Sounds chaotic, right? Yet, this is the reality for many drivers in Dallas, where speed limits are often ignored. The Texas Department of Transportation has recently lowered speed limits on several roads in the area, but without enforcement, this move is mere lip service. ...

The world's richest nations have gathered in Rio de Janeiro to discuss a proposal to implement a global tax on individuals with over $1 billion in total assets. This 2% tax on the super-rich could generate $200 billion to $250 billion per year, funding essential public services like education, healthcare, and climate change initiatives. While the proposal has gained ...

The newly appointed UK Finance Minister, Rachel Reeves, has vowed to create the most pro-growth and pro-business government the country has ever seen. Her mission is to attract wealth creators to Britain, stimulate economic growth, and improve the living standards of ordinary Britons. But will her approach be effective, or will it prioritize the interests of big busi...

Britain is on the brink of a financial crisis, and the government is scrambling to find a way out. Finance Minister Rachel Reeves has been tasked with conducting a fiscal audit, and her findings are expected to be damning. The previous Conservative government overspent this year's budgets by billions, leaving the country with a massive deficit. The new government has...

The UK's new finance minister, Rachel Reeves, has inherited a £22 billion ($28.2 billion) spending hole from the previous government. To plug this gap, she has announced plans to cut projects, cancel programs, and review previously announced investments. But will these measures be enough to restore the country's economic stability? Reeves has vowed to make "necessa...

As crews wrap up demolition on the former Heritage Square shopping center, the anticipation for Block 59's grand opening is building. This $53 million, 91,000-square-foot entertainment complex promises a culinary revolution, bringing in high-profile restaurants like Yard House, Ruth's Chris Steak House, and Cheesecake Factory. But what's really behind the development...

Imagine if Social Security's sacred guarantee wasn't on the chopping block, but rather, it was fully funded for decades to come. Sen. Ron Wyden (D-Ore.) claims that cracking down on mega-rich tax dodgers could keep the New Deal program whole until the end of this century. Wyden estimates that the ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years. ...

In a recent analysis, the Penn Wharton Budget Model delved into the financial implications of several economic proposals put forth by former President Donald Trump. The slate of proposals, which includes extending key provisions in the 2017 tax reform bill, eliminating taxes on Social Security benefits, and reducing the corporate income tax rate, is estimated to add...