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New York state officials have been flooded with calls from New Yorkers hoping to pre-pay 2018 taxes under the current tax code, according to the New York Times. They are especially concerned with the elimination of state and local tax deductions, as New York has high state and local taxes.
Background: Following the passage of the GOP tax cuts bill, New York Gov. Andrew Cuomo signed an executive order allowing residents to pre-pay their taxes.
Illustration: Aïda Amer/Axios
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Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.
Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.
Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor
Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.
The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)