Democratic presidential nominee and former vice president Joe Biden speaks at a campaign stop in Miami on Oct. 5, 2020.
Roberto Schmidt | AFP | Getty Images
Taxes could rise for the wealthiest households in a Joe Biden presidency.
However, you might want to think twice before making any dramatic moves.
Indeed, Biden’s tax plan was a topic of discussion during the debate between vice president Mike Pence and Sen. Kamala Harris, D-Calif., on Wednesday night.
The two clashed over the effectiveness of the Tax Cuts and Jobs Act — President Trump’s tax overhaul that went into effect in 2018 — and the plan Biden has drafted.
During the debate, Pence asserted that President Trump has cut taxes across the board. Though indeed the Tax Cuts and Jobs Act roughly doubled the standard deduction and reduced individual income tax rates, those provisions will end after 2025.
The Georgetown University McDonough School of Business’ Master of Science in Management program recorded a 296% increase in applications for its latest class.
The graduate program is a 10-month, accelerated business degree program designed to help students who hold non-business bachelor’s degrees to enter the business world. The program’s second cohort will feature a total of 68 students, up from the 31 students in the inaugural 2019 group.
The new class of 2021 will feature students from 17 colleges and universities across the United States. Of the new students in the program, 45% hold Bachelor’s degrees in the humanities, social sciences or liberal arts, 35% in business and finance, 13% in STEM-related fields and 7% in economics, according to the program’s own statistics.
JP Morgan Chase plans to expand home lending for Black and Latino families while PepsiCo will give more money for job training, officials announced.
Representatives from JP Morgan Chase and PepsiCo made the pledges during a news conference with Mayor Lori Lightfoot and the Chicago Community Trust, a leading philanthropic organization.
JPMorgan Chase promised to increase homeownership among 3,000 Black and Latino families “in the Chicago region through an additional $600 million in home lending to these families over the next five years,” officials said.
The bank also will expand low down payment programs and grants for home buying, including closing cost assistance.
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Officials also said PepsiCo will be giving $500,000 for job training and development, though it wasn’t clear when or where. The soft drink giant also is giving $1 million