Latest Lael Brainard News

Trump is proposing to make tips tax-free. What would that mean for workers?

Jun. 21, 2024 00:16 AM EDT

WASHINGTON (AP) — Former President Donald Trump's new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers, though major questions remain about the impact of the policy and how it would work. What's certain is that a change in the...

Biden's team asks CEOs how to further boost the economy while Trump says business is on his side

Jun. 10, 2024 10:04 AM EDT

WASHINGTON (AP) — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and...

Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire

May. 10, 2024 11:42 AM EDT

WASHINGTON (AP) — The winner of November's presidential election will face an epic challenge next year with the coming expiration of nearly $4 trillion in tax cuts — an issue that the Biden White House is highlighting in the runup to November. Lael Brainard, director of the...

Editorial Roundup: Ohio

May. 06, 2024 07:16 AM EDT

Toledo Blade. April 29, 2024. Editorial: Unions not the issue A little-noticed event at the White House last week should serve as an opening to the important question of whether private equity funds — known for leveraged buyouts — should be operating with money...