US Senator Brown Pressures Apple, Google on Fake Crypto Investing Apps

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Biden pledge to tax wealthy, companies revived with Manchin-led bill

U.S. President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. Early proposals to increase tax rates from Biden and his fellow Democrats hit a brick wall in Congress after Republicans, and some Democrats, opposed them. Biden has often said in office that companies should instead pay a “fair share,” a contrast to deference to private markets begun by Republicans with Ronald Reagan’s election in 1980, and buoyed by rounds of tax cuts and deregulation, by both parties.