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Stock Buyback Excise Tax | Oil and Gas Industry Windfall Taxes
In response to the Strait of Hormuz crisis, Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO) have introduced the Taxing Buybacks from Big Oil Windfalls Act. Not to be confused with Sen. Sheldon Whitehouse (D-RI)’s Big Oil Windfall Profits Tax, which would introduce a 50 percent excise taxAn excise tax is a…
Workers Sue TSA Over TSA Gold+, Claim ‘Secretive Push’ of New Program
The union representing 47,000 Transportation Security Administration workers is suing TSA. The lawsuit is looking to force the release of records regarding the expansion of privatized security screening at airports, a new program known as TSA Gold+. The American Federation of Government Employees (AFGE), which represents TSA officers at more than 400 U.S. airports, filed…
Consumer Sentiment Declines For First Time In Three Months
US consumer sentiment fell for the first time in three months as households worried about worsening business conditions and rising inflation. The University of Michigan’s preliminary August sentiment index decreased to 51 in August, according to the survey released Friday, from a final reading of 55.2 in July. The median forecast from…
Some Drivers’ Licenses From This State Are ‘Not Being Read’ by TSA
Travelers with a Tennessee driver’s license could run into issues at airport security. The Tennessee Department of Safety & Homeland Security said in a Facebook post that “a small number of driver licenses are not being read by TSA.” “Anyone who experiences this problem can visit a Driver Services Center and receive a replacement license…
Vehicle Miles Traveled (VMT) Tax
Vehicle miles traveled (VMT) taxes have become a prominent consideration for governments at all levels struggling to fund their roads, but privacy fears have blocked much implementation. Americans are not unreasonable to worry about an unconstitutional surveillance program under the guise of a VMT taxA tax is a mandatory payment or charge collected by local,…
MAI Capital Acquires More Than $1B of Assets in 2 Days
MAI Capital Management LLC, a registered investment adviser, acquired two advisory firms last week totaling approximately $1.04 billion in assets under management—California-based OG Private Wealth and Atlanta-based Waypoint Wealth Counsel LLC. The acquisitions were official as of August 14. OG Private Wealth has approximately $551 million in AUM and serves more than 300 households nationwide….