President Biden's proposed tax hikes on the wealthy could apply to at least some 2021 earnings, White House economic adviser Heather Boushey told the Axios Re:Cap podcast on Wednesday.
Why it matters: The administration has said it wants to raise income and capital gains rates on the richest Americans to offset new spending, but has not yet specified when it wants those increases to go into effect.
This week, California state officials announced that an effort to recall Gov. Gavin Newsom had secured the number of signatures needed to qualify for the ballot this fall. Only two governors have ever been recalled, which includes California’s in 2003 — when Gray Davis was booted and Arnold Schwarzenegger was elected.
Axios Re:cap digs into how California politics got to this point, if this effort has its own Schwarzenegger, and what we can expect to see this fall with L.A. Times staff writer Phil Willon.
The Biden administration announced plans Monday to share 60 million doses of the AstraZeneca vaccine with other countries.
The U.S. has been criticized for how little it shared so far — for example, it has sent just 4 million AstraZeneca doses to our neighbors in Mexico and Canada, even though they’ve asked for many more.
Plus, how the Census is redrawing the congressional map.
