President Joe Biden’s push to quadruple the tax on corporate stock buybacks could act as a stealth tax on people’s pension funds, explained Breitbart Economics Editor John Carney in an interview Wednesday on Larry Kudlow’s Fox Business show.
A report published by Hong Kong Watch and Professor Laura T. Murphy of the University of Sheffield Hallam on Monday found that dozens of American, British, and Canadian state pension funds are passively invested in Chinese companies that face credible accusations of enslaving Uyghur Muslims.
Environmentalists are praising lawmakers in Maine for passing legislation to divest the state’s pension investment and other funds from fossil fuel companies.
President Joe Biden has revealed a $2.25 trillion dollar infrastructure proposal to build two million homes and apartments while big money funds are quickly scooping up nearly all available single-family homes.
The New York Times reported this week that the Democrats’ $1.9 trillion “coronavirus relief” bill includes $86 billion for failing pension funds.
The move for state governments to divest their pension funds of Big Tech stocks gathered momentum on Wednesday when Maury County Mayor Andy Ogles called on The Tennessee General Assembly to consider legislation along the lines proposed by a state legislator in Florida on Tuesday.
President Donald Trump has the authority to block state-administered pension funds from investing in Chinese companies, said Gordon Chang, author of The Great U.S.-China Tech War, offering his comments on Tuesday’s edition of SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host John Hayward.
Donald Trump must block American pension funds investing in “companies linked to the Chinese Communist Party,” said Frank Gaffney.
The California Public Employees’ Retirement System named Yu Ben Meng, a former portfolio manager with the largest U.S. pension, as its next chief investment officer Monday.
