ECONOMY
The super rich and big corporations to face more scrutiny from Biden’s IRS
| May 13, 2024
Using an infusion of funds provided by President Biden’s Inflation Reduction Act, the IRS has already collected more than $520 million from 1,600 millionaires who had unpaid tax bills of more than $250,000.
Biden makes 4 million more workers eligible for overtime pay
| April 24, 2024
The US Department of Labor says updated regulations will increase income thresholds to ensure lower-income salaried employees are fairly compensated when they work more than 40 hours per week.
Biden administration bans noncompete clauses for workers
| April 23, 2024
The new rule bans new noncompete agreements for the vast majority of American workers and requires employers to let current and past employees know they won’t enforce them going forward. Companies will also be required to throw out existing noncompete agreements.