Regulations en Cannabis In Mexico: Uncertainty Swirls Heading Into June Elections After Lawmakers Fail To Pass Adult-Use Laws Yet Again <p>On April 30, Mexico&#39;s Congress&nbsp;failed to pass adult-use legalization orders that were handed down by five Supreme Court rulings. The latest development marks the fourth time the deadline has not been met.</p> <p>The decision puts the&nbsp;future of cannabis legalization into an&nbsp;uncertain area in Mexico as operators, advocates and lawmakers await the next steps.</p> <h2>Government Stalls Legislation Once Again</h2> <p>In the past, the COVID-19 pandemic and disputes over the bill derailed the various processes.</p> <p>This time around was more of the latter. Blame appears to be centered on changes in the bill between congressional chambers, the Senate and the House of Deputies.</p> <p>A primary sticking point&nbsp;focused on overseeing the licensing and rollout of the cannabis program.</p> <p>Zara Snapp, the co-founder of drug policy group <strong>Instituto RIA</strong>, believes the upcoming June 6 legislative elections also played a part.</p> <p>&quot;Obviously, there&#39;s a concern about how passing this law might affect those outcomes,&quot; Snapp said.</p> <p>With 500 deputy positions up for grabs&nbsp;in the house, most don&#39;t expect much forward movement&nbsp;before the results are determined.</p> <p>Raul Elizalde, president ...</p><p><a href= alt=Cannabis In Mexico: Uncertainty Swirls Heading Into June Elections After Lawmakers Fail To Pass Adult-Use Laws Yet Again>Full story available on</a></p> Cannabis Government HempMeds Latin America Hoban Law Group Instituto RIA MJNA News Penny Stocks Regulations Markets Interview MJNA US58463A1051 News Penny Stocks Government Cannabis Regulations Markets Interview Benzinga Sat, 08 May 2021 15:46:59 +0000 Andrew Ward 20997601 at Crypto Mining Might Be In Danger In The State Of New York With This New Bill <p>A bill proposed in the New York State could force local miners of <strong>Bitcoin</strong> (CRYPTO: BTC) and other crypto assets to move or stop their activities for three years.</p> <p><strong>What Happened:</strong>&nbsp;<a href="" rel="noopener nofollow" target="_blank">The New York Senate Bill</a>&nbsp;6486 was proposed by a Democrat&nbsp;senator and Chairman of Committee on Energy and Telecommunications, Kevin S. Parker.&nbsp;</p> <p>It was co-sponsored by the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources and&nbsp;Democrat senator Rachel May.</p> <p>The bill is aimed to enforce ...</p><p><a href= alt=Crypto Mining Might Be In Danger In The State Of New York With This New Bill>Full story available on</a></p> $BTC Bitcoin crypto mining cryptocurrencies Cryptocurrency environment Fintech Government new york News Regulations Legal Markets General $BTC News Government Cryptocurrency Regulations Fintech Legal Markets General Benzinga Fri, 07 May 2021 17:40:25 +0000 Adrian Zmudzinski 20960158 at Colorado Gov. Inks Bill To Expand Students' Access To Medical Marijuana, Could Raise Limit For Possession Next <p>Colorado Gov. Jared Polis signed a bill on Wednesday that would expand&nbsp;access to medical cannabis for school children in need by removing obstacles to its administration.</p> <p>The new legislation, SB 21-056, removes the discretion from school principals to set policies that regulate storing and administering cannabis-based medicines.</p> <p>The bill&nbsp;places the responsibility on principals to &ldquo;create a written treatment plan for the administration of cannabis-based medicine and on school boards to adopt policies regarding actual administration.&rdquo;</p> <p>School boards will be called upon to create guidelines on how cannabis medicines should be stored.</p> <p>Governing bodies are also required to set rules that will allow personnel to voluntarily possess and administer medicinal cannabis to qualifying students.</p> <p>Gov. Polis said the measure was long overdue and called ...</p><p><a href= alt=Colorado Gov. Inks Bill To Expand Students&#039; Access To Medical Marijuana, Could Raise Limit For Possession Next>Full story available on</a></p> bill Cannabis Government Jared Polis News Regulations Politics Markets Media General News Government Cannabis Regulations Politics Markets Media General Benzinga Thu, 06 May 2021 19:00:46 +0000 Jelena Martinovic 20994138 at The Daily Dash: No More Money For PPP <p>The Daily Dash is a quick look at what&#039;s happening in the freight ecosystem. In today&#039;s edition, we highlight the latest news regarding the Paycheck Protection Program, interesting comments regarding the U.S.-Mexico border and more.</p> <h3 id="h-the-high-five">The High Five</h3> <p><strong>1. The Paycheck Protection Program has run out of money. </strong>With a May 31 deadline still a few weeks away — a date that is now mostly meaningless — the Small Business Administration confirmed reports that lenders who went online to submit new PPP applications were being rejected. <a href=""><strong><em>John Kingston&#039;s report</em></strong></a></p> <hr /> <p><strong>2. "I think we&#039;re going to see in the post-COVID-19 world </strong>a consolidation of supply chains that emphasize ‘hemispheric ...</p><p><a href= alt=The Daily Dash: No More Money For PPP>Full story available on</a></p> Freight Freightwaves Government News ppp loans Regulations trucking Markets General News Government Regulations Markets General Benzinga Thu, 06 May 2021 14:55:44 +0000 FreightWaves 20987726 at Biden Administration Backs Waiving IP Protections For COVID-19 Vaccines, Pharma Industry Rebukes Move <ul> <li>The closely watched issue of patent rights for COVID-19 vaccines garnered headlines again as the Biden administration came out in favor of a proposal at the World Trade Organization to suspend intellectual property protections for shots.</li> <li>U.S. Trade Representative Katherine Tai announced that the&nbsp;<a class="editor-rtfLink" href="" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Biden administration supports waiving IP protections</a>&nbsp;for COVID-19 vaccines. &ldquo;This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures,&rdquo; Tai said in the statement.</li> <li>Tai said the U.S. would actively participate in World Trade Organization text-based negotiations to make the waiver happen. She added that such discussions would take time, given the complexity of the issue involved.</li> <li>Tai also added that with the U.S. vaccine supply secured, the ...</li></ul><p><a href= alt=Biden Administration Backs Waiving IP Protections For COVID-19 Vaccines, Pharma Industry Rebukes Move>Full story available on</a></p> AZN Biotech BNTX Briefs COVID-19 Vaccine Government GSK JNJ MRNA News NVX PFE Regulations Health Care FDA General NVX US67069X1046 AZN US0463531089 GSK US37733W1053 JNJ US4781601046 PFE US7170811035 MRNA US56804Q1022 BNTX News Biotech Government Regulations Health Care FDA General Benzinga Thu, 06 May 2021 11:20:03 +0000 Vandana Singh 20982778 at Why Shares Of Uber, Lyft And DoorDash Are Trading Lower Today <p>Uber (NYSE: <a class="ticker" href="">UBER</a>), Lyft (NASDAQ: <a class="ticker" href="">LYFT</a>) and DoorDash (NYSE: <a class="ticker" href="">DASH</a>) shares are trading lower on reports the Biden administration is planning to block a Trump-era rule that would have made it easier to classify gig workers ...</p><p><a href= alt=Why Shares Of Uber, Lyft And DoorDash Are Trading Lower Today>Full story available on</a></p> DASH Government LYFT Regulations UBER why it's moving Movers Trading Ideas UBER LYFT DASH Government Regulations Movers Trading Ideas Benzinga Wed, 05 May 2021 14:20:59 +0000 Bill Haddad 20966033 at Lyft, GM Earnings Impress, Lifting Shares Ahead Of Uber's Report Slated For Later <p>If you wanted more evidence of reopening progress,&nbsp;<strong>Lyft&rsquo;s</strong>&nbsp;(NASDAQ: <a class="ticker" href="">LYFT</a>) earnings arguably provided it yesterday.</p> <p>The ride-sharing company saw shares post big pre-market gains after reporting a narrower than expected loss, above consensus revenue and solid guidance for the rest of the year. Now&nbsp;<strong>Uber</strong>&nbsp;(NYSE: <a class="ticker" href="">UBER</a>), which reports this afternoon, has a tough act to follow. Shares of LYFT spiked more than 5% in pre-market trading.&nbsp;</p> <p>&ldquo;More people started moving again&rdquo; in Q1, LYFT&rsquo;s chief financial officer said, which is the kind of thing you want to hear if you&rsquo;re excited about getting back to normal. Average daily ride volume grew each month, Lyft said, with the steepest recovery in March. And for people who miss traveling by plane, the good news is that LYFT&rsquo;s average daily airport rides were up more than 65% in April relative to January.&nbsp;</p> <p>What&rsquo;s more impressive is that all this happened even when most people weren&rsquo;t back at work yet. More companies are starting to talk about getting employees back to the office, so that could give ride-sharing companies an opportunity to do even better.&nbsp;</p> <p>Then this morning,&nbsp;<strong>General Motors&nbsp;</strong>(NYSE: <a class="ticker" href="">GM</a>) easily beat Wall Street&rsquo;s earnings expectations but came up just short of consensus on revenue. It looks like investors aren&rsquo;t punishing the company for that small miss, as shares rose more than 3% in the pre-market hours. Maybe the fact that GM reaffirmed its 2021 guidance was enough to soothe any hurt feelings over revenue.</p> <p>The reaffirmed guidance from GM included an impact from the global shortage of semiconductor chips, by the way, so it doesn&rsquo;t look like that&rsquo;s going to necessarily handicap the company. This was an important thing for them to get across.&nbsp;</p> <p>The solid earnings from these two appeared to help stabilize a market that was going downhill yesterday. Major indices built in slight gains ahead of the opening bell. Earnings drive stocks, and the nice run of earnings continues.</p> <p>Forward progress early today might also reflect a bit of spillover buying after yesterday&rsquo;s late comeback from the lowest points of the day, but it&rsquo;s unclear how much buying interest remains with stocks still near record highs. It looks like we may bounce around in a range for a while as we get ready for the jobs report on Friday (see more below). There&rsquo;s also ISM Services data later today.</p> <h2>Not Like Old Times: Yellen Rate Hike Talk Spooks Stocks</h2> <p>Maybe you remember that time when, as Fed Chair, Janet Yellen gave Wall Street a scare by talking about how rates might need to rise to make sure the economy doesn&rsquo;t overheat.&nbsp;</p> <p>If you don&rsquo;t, it&rsquo;s understandable, because it&rsquo;s hard to remember many occasions when Yellen&mdash;&nbsp; a well-known dove&mdash;did that back in the day. While Yellen did raise rates slowly over the course of her time at the Fed, she did it very cautiously and without fireworks. Also, the economy really wasn&rsquo;t in much danger then of overheating, with slow growth being the big problem. That&rsquo;s why it might have felt a bit disconcerting to hear those words from her as Treasury Secretary yesterday, and helps explain the market&rsquo;s subsequent dive.</p> <p>It wouldn&rsquo;t be fair, however, to just blame Yellen. First of all, she didn&rsquo;t specifically call for a rate hike. She just said rates might have to rise to avoid the economy overheating, implying more of a natural progression considering the strong growth we&rsquo;ve seen so far this year. Already, many analysts see the 10-year yield on a path back toward 2%, though that&rsquo;s separate from the Fed raising rates.&nbsp;</p> <p>Yellen also walked back her words later Tuesday, according to The Wall Street Journal, saying she wasn&rsquo;t predicting nor recommending that the Federal Reserve raise interest rates, and doesn&rsquo;t think there&rsquo;s going to be an inflation problem.&nbsp;</p> <p>Second, the market was on its heels even before Yellen spoke. Almost none of the big Tech companies got a lift last week despite overwhelmingly impressive earnings results, and some &ldquo;mega-cap&rdquo; Tech stocks like&nbsp;<strong>Apple</strong>&nbsp;(NASDAQ: <a class="ticker" href="">AAPL</a>) and&nbsp;<strong>Tesla</strong>&nbsp;(NASDAQ: <a class="ticker" href="">TSLA</a>) still haven&rsquo;t made it back to their February highs even ...</p><p><a href= alt=Lyft, GM Earnings Impress, Lifting Shares Ahead Of Uber&#039;s Report Slated For Later>Full story available on</a></p> AAPL AVGO Earnings GM Government Lyft LYFT MRK News NVDA PFE Regulations TDAmeritrade tech stocks TSLA Uber UBER FDA Markets Tech Media General AAPL US0378331005 NVDA US67066G1040 GM US37045V1008 MRK US58933Y1055 PFE US7170811035 AVGO SG9999006241 TSLA US88160R1014 UBER LYFT News Earnings Government Regulations FDA Markets Tech Media General Benzinga Wed, 05 May 2021 14:19:46 +0000 JJ Kinahan 20965987 at Enviromental Due Diligence In The Cannabis Industry: Why A Phase I Is The Best Money You Can Spend <p><strong><em>By Doug Brown, ASTI Environmental.</em></strong></p> <p>So you&rsquo;re looking at buying property to build a grow facility or a dispensary, perhaps it&rsquo;s your first foray into real estate, you hear the word Brownfield, and your attorney or colleague tells you to get a Phase I...&nbsp;Now what?</p> <p>Engaging an Environmental Professional to conduct a Phase I Environmental Site Assessment (Phase I) is the first step to obtain liability protection both federally and with the State should the property you intend to purchase have recognized environmental conditions (RECs).&nbsp; An ASTM E1527-13 Phase I is the only environmental screening product that affords liability protection and includes:</p> <ul> <li> <p>A review of prior environmental reports (if available)</p> </li> <li> <p>Freedom of Information Act (FOIA) requests are submitted to the State and the Municipality where the property is located</p> </li> <li> <p>The purchase of an environmental database</p> </li> <li> <p>An Environmental questionnaire being sent to the buyer and seller</p> </li> <li> <p>Aerial and Sanborn Map review</p> </li> <li> <p>Site reconnaissance&nbsp;&nbsp;</p> </li> </ul> <p>We publish a 600-700 page report and a key paragraph confirms whether or not there are RECs. If RECs are not identified in the Phase I, then the Phase I report would be finalized and the process would be complete.&nbsp;</p> <p><strong>OK, so what&rsquo;s a REC ??</strong></p> <p>The presence, or likely presence, of hazardous substances or petroleum products on a property under conditions that indicate an existing release, a past release, or the material threat of a release into ...</p><p><a href= alt=Enviromental Due Diligence In The Cannabis Industry: Why A Phase I Is The Best Money You Can Spend>Full story available on</a></p> Cannabis Cannabis Dispensaries Government Phase I Regulations Small Business Markets Government Cannabis Regulations Small Business Markets Benzinga Mon, 03 May 2021 15:00:24 +0000 Benzinga Cannabis Contributors 20775114 at Tesla Said To Be Beefing Up Government Relations Team In China Amid Intense Regulatory Scrutiny <p><strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="">TSLA</a>) is stepping up engagement with regulators and strengthening its government relations team in China where it is facing scrutiny over safety and customer service complaints, Reuters <a href="" style="text-decoration:none">reported</a> on Monday &mdash; citing industry sources.</p> <p><strong>What Happened: </strong>Tesla executives have, in recent weeks, participated in four policy discussions on topics ranging from auto data storage, vehicle-to-infrastructure communication technologies, car recycling and carbon emissions, according to the Reuters report.</p> <p>The California-based company is reportedly&nbsp;yet to make any firm commitments.</p> <p><em>See Also: <a href="" style="text-decoration:none">Will Tesla Shanghai Auto Show Incident Be A &#39;Watershed Event&#39; For Rise Of Local Rivals Like Nio, Xpeng?</a></em></p> <p>Tesla is&nbsp;also ramping ...</p><p><a href= alt=Tesla Said To Be Beefing Up Government Relations Team In China Amid Intense Regulatory Scrutiny>Full story available on</a></p> China electric vehicles Elon Musk EVs Government News Regulations TSLA Global Tech TSLA US88160R1014 News Government Regulations Global Tech Benzinga Mon, 03 May 2021 08:57:02 +0000 Rachit Vats 20909207 at Michigan's Cannabis Market: What Investors, Entrepreneurs Need To Know <p>Despite numerous companies jumping into the cannabis space in the Great Lakes State, operators say Michigan&rsquo;s early success in the legal adult-use market has them anticipating even more positive days to come.</p> <p><strong>A Growing Cannabis Market:</strong> Many in the industry say they&rsquo;re optimistic about Michigan&#39;s booming legal market, launched in December 2019, as its strong performance shows no sign of slowing down.</p> <p>Data from analytics firm Headset shows that cannabis revenue for March 2021 alone had reached $115.4 million, setting a new record for the Wolverine State.</p> <p>Josh Genderson, founder and CEO of vertically integrated Holistic Industries, said that Michigan has been big on cannabis for some time, pointing out that medical marijuana <a href="">was legalized in 2008</a>. He called Michigan&rsquo;s successful industry the closest thing to the California market in the Midwest.</p> <p>Genderson, like many, draws a connection between&nbsp;Michigan&rsquo;s revenue growth to its successful adult-use program.</p> <p>Vinnie Celani, co-founder of <strong>High Life Farms</strong>, gives credit to the state&#39;s long-running cannabis supporters and buyers. &quot;The consumers are already there,&quot; he said.</p> <p>Fabian Monaco, CEO of <strong>Gage Cannabis Co.</strong>, pointed to the state&#39;s consistently strong performance, including its medical patient enrollment and annual sales revenue.</p> <p>Another plus for the market&nbsp;is the limited MSO presence typically found in uncapped markets, he said.&nbsp;</p> <p>&quot;Since the Michigan market is highly competitive, MSOs are still targeting limited license states ...</p><p><a href= alt=Michigan&#039;s Cannabis Market: What Investors, Entrepreneurs Need To Know>Full story available on</a></p> Cannabis cookies Gage Cannabis Co. Government High Life Farms Holistic Industries lantern M&A News Penny Stocks Platinum Vapes PSI Labs Regulations RWBYF Markets Interview RWBYF News M&A Penny Stocks Government Cannabis Regulations Markets Interview Benzinga Fri, 30 Apr 2021 15:30:49 +0000 Andrew Ward 20733248 at Friday's Market Minute: Key Takeaways From The FOMC And GDP <p>The Federal Reserve stayed on message and was suitably dovish at its latest FOMC meeting. There were a few subtle changes to the language of the FOMC statement and in Chairman Powell&rsquo;s post-meeting remarks. The committee reaffirmed it wants to observe substantial progress toward its dual mandate on employment and price stability, including assurances that the worst of the pandemic is behind us, before scaling back accommodation. One notable difference was the acknowledgment of a strengthening labor market.</p> <p>The initial market reaction was most noticeable in currency markets as the U.S. dollar fell. Equities continued to exhibit short-term &ldquo;buy the rumor, sell the fact&rdquo; price action and U.S. ...</p><p><a href= alt=Friday&#039;s Market Minute: Key Takeaways From The FOMC And GDP>Full story available on</a></p> Earnings FOMC GDP Government News Regulations TDAmeritrade Federal Reserve General News Earnings Government Regulations Federal Reserve General Benzinga Fri, 30 Apr 2021 14:10:54 +0000 TD Ameritrade Network 20889782 at The Daily Dash: Trucking Loses Reprieve From California Independent Contractor Law <p>The Daily Dash is a quick look at what&#039;s happening in the freight ecosystem. In today&#039;s edition, we highlight the end of an injunction in California that had kept an independent contractor law from applying to trucking, as well as a funding round for Arrive Logistics and more.</p> <h3 id="h-the-high-five">The High Five</h3> <p>1. <strong>An injunction that stopped the California trucking industry from coming under AB5, </strong>the state&#039;s law governing the use of independent contractors, has been overturned. <a href=""><strong><em>John Kingston with details</em></strong></a></p> <hr /> <p>2. <strong>Austin, Texas-based freight brokerage Arrive Logistics</strong> announced that ATL ...</p><p><a href= alt=The Daily Dash: Trucking Loses Reprieve From California Independent Contractor Law>Full story available on</a></p> AB5 California Freight Freightwaves Government Logistics News Regulations Supply Chain trucking Legal General News Government Regulations Legal General Benzinga Thu, 29 Apr 2021 15:22:13 +0000 FreightWaves 20861511 at Who Are The Companies Stepping Up To Prove The Safety And Efficacy Of Cannabis To The Government? <p>Scores of anecdotal feedback over the years could lead many to conclude that cannabis is safe and effective for recreational and many medical uses.</p> <p>But,&nbsp;the lack of lab data halts any determination made by governments and departments such as&nbsp;the U.S. Food and Drug Administration (FDA).</p> <p>Proving the safety and efficacy of the plant remains difficult. Factors such as federal prohibition, cannabis use and the plant&#39;s makeup all play a part. The nascent space is doing its part to provide the federal government&nbsp;and consumers with assurances as best it can.</p> <p>Sources say&nbsp;the companies attempting to carve out their place in the market must provide proof&nbsp;to consumers through studies and protocols to verify the safety of cannabis and the brand&nbsp;producing&nbsp;them.</p> <p><strong>Barriers Prevent Cannabis From Proving Its Safety Or Efficacy To FDA</strong>:&nbsp;While most of the public may be convinced of cannabis, the FDA process has only approved four medications so far:&nbsp;The CBD-derived epilepsy medication&nbsp;Epidiolex;&nbsp;Marinol, a dronabinol-based synthetic cannabis-derived nausea medication;&nbsp;Syndros, a&nbsp;dronabinol-based liquid synthetic cannabinoid used for nausea and appetite loss; and&nbsp;Cesamet, a nabilone-based synthetic used to treat extreme nausea and vomiting.&nbsp;</p> <p>Dr. Jordan Tishler, CEO of <strong>inhaleMD </strong>and president of the Association of Cannabis Specialists, said the major obstacle in the way of wider-scale approval is that the plant&#39;s many chemicals appear to work together to produce its expected result. This effect is ...</p><p><a href= alt=Who Are The Companies Stepping Up To Prove The Safety And Efficacy Of Cannabis To The Government?>Full story available on</a></p> BellRock Brands Inc. Cannabis CBDHF Dr. Jason Mitchell Dr. Jeremy Riggle DXBRF Government HempFusion Wellness Inc. inhaleMD Julie Martellini MCR Labs Penny Stocks Regulations Valid Care Exclusives Markets Interview DXBRF CBDHF Penny Stocks Government Cannabis Regulations Exclusives Markets Interview Benzinga Thu, 29 Apr 2021 13:30:28 +0000 Andrew Ward 20608200 at Fed Chair Powell In Response To GameStop, Dogecoin Mania Says He Sees 'Froth In Equity Markets' <p>U.S. Federal Reserve Chairman Jerome Powell said he sees some &ldquo;froth&rdquo; in equity markets&nbsp;and it is not just due to the central bank&rsquo;s accommodative monetary policy.</p> <p><strong>What Happened</strong>: During a virtual press conference on Wednesday after the Fed&rsquo;s monetary policy meeting, Powell said that vaccination and reopening of the economy are also factors contributing to the froth in the capital markets.</p> <p>Powell was responding to a question regarding financial stability from Brian Chung, a reporter with Yahoo! Finance.</p> <p>Chung noted that amateur people who might not follow finance daily are paying attention to <strong>GameStop Corp</strong>. (NYSE: <a class="ticker" href="">GME</a>) and meme cryptocurrency <strong>Dogecoin</strong> (DOGE). He asked Powell if the Fed saw a relation between low rates and easy policy to these and whether there was a financial stability concern from the Fed&rsquo;s perspective at this time.</p> <p><em>See ...</em></p><p><a href= alt=Fed Chair Powell In Response To GameStop, Dogecoin Mania Says He Sees &#039;Froth In Equity Markets&#039;>Full story available on</a></p> $BTC AMC Bitcoin Cryptocurrency dogecoin GME Government Jerome Powell Meme Assets News Regulations Short Squeeze stonks Federal Reserve Markets Tech GME US36467W1099 AMC $BTC News Government Cryptocurrency Regulations Federal Reserve Markets Tech Benzinga Thu, 29 Apr 2021 09:40:38 +0000 Madhukumar Warrier 20856213 at Biden Capital Gains Tax Hike Will Reduce R&D Investments: Economist <p>One of the most prominent U.S. economists is warning that not only will President Joe Biden&rsquo;s proposed hike on capital gains taxes fail to finance his proposed multi-billion-dollar programs, but it will also hamper entrepreneurial efforts and disrupt investments in research and development, particularly in the high-tech sector that has fueled&nbsp;economic growth over the past decade.</p> <p><strong>The Biden Strategy:</strong> The president&rsquo;s proposal, which was leaked to the media last week and is scheduled to be formally introduced during his address to a joint session of Congress Wednesday evening, would increase capital gains taxes on those with annual incomes of more than $1 million, with the top rate rising from 20% to 39.6%. When factoring in a surtax related to Medicare, the total rate on capital gains would be 43.4%.</p> <p>On the surface, the tax increase would barely impact Americans. According to the most recent Internal Revenue Service data, only 540,000 taxpayers had incomes of $1 million and higher, or 0.3% of the taxpaying population.</p> <p>Nonetheless, ...</p><p><a href= alt=Biden Capital Gains Tax Hike Will Reduce R&amp;D Investments: Economist>Full story available on</a></p> capital gains tax increase DJIA Government News Peter Morici President Biden Regulations SPY Politics Economics Exclusives Interview General SPY US78462F1030 DJIA News Government Regulations Politics Economics Exclusives Interview General Benzinga Wed, 28 Apr 2021 23:46:43 +0000 Phil Hall 20837923 at