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Colonial shutdown shows how America’s electric grid pays price of efficiency

May 15, 2021 | The Washington Post

Even as American fossil fuel producers proudly declared the country to be energy independent once more in recent years, the energy sector has stripped redundancy out of its systems, at the risk of leaving customers in the lurch when things go wrong.

IRS to the rescue? Tax audits eyed for infrastructure cash

May 16, 2021 | Associated Press

President Joe Biden is proposing that Congress build up the depleted and often-maligned agency, saying that a more aggressive collection of unpaid taxes could help cover the cost of his multitrillion-dollar plan to boost infrastructure, families and education.

Biden plan would pick winners, losers in move to green jobs

May 18, 2021 | Associated Press

President Joe Biden’s $2.3 trillion infrastructure plan calls for investments in industries such as electric vehicles and semiconductors. Critics say the plan gives the government too much involvement in decisions better made by the private sector.

Biden to order better access to legal services for poor, minorities

May 18, 2021 | Associated Press

President Joe Biden plans to sign a memorandum directing the Department of Justice to restore key functions of the closed Access to Justice Office and to reestablish the White House Legal Aid Interagency Roundtable.

Buttigieg reinstates local hiring program piloted in Obama era

May 19, 2021 | Associated Press

Transportation Secretary Pete Buttigieg on Wednesday brought back a program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.

To address sinking Fishers City Hall, officials consider $20.8 million new building

May 20, 2021 | Kurt Christian

Fishers City Hall, at 1 Municipal Drive, was built in 1991 and almost immediately began sinking into the ground. Now, engineers say the the city can pay $2.5 million over the next three years to address the symptoms or $20.8 million to rebuild.

Tax changes would boost IRS monitoring of cryptocurrency use

May 20, 2021 | Associated Press

Among the proposed changes, businesses that receive “cryptoassets” with a fair market value of more than $10,000 would have to report it to the IRS.

U.S. proposes 15% minimum tax on global corporate profits

May 20, 2021 | Associated Press

Competition to cut corporate tax rates has been “undermining the United States’ and other countries’ ability to raise the revenue needed to make critical investments,’’ the Treasury said in a statement

White House, GOP infrastructure talks hit crucial stage

May 21, 2021 | Associated Press

Securing a vast infrastructure plan is Biden’s top priority, but Republicans are refusing Biden’s idea of a corporate tax hike to pay for the spending.

Hamilton County considers forming its own vocational education system

May 21, 2021 | Kurt Christian

Since 1972, students from Hamilton County’s six high schools have traveled to the J. Everett Light Career Center in Indianapolis and the John Hinds Career Center in Elwood for career and technical education training. A coalition of educators wants the county to create its own vocational education system.

Biden betting on wage growth, while GOP warns of inflation

May 23, 2021 | Associated Press

Part of the dispute between Biden and Republicans is a more fundamental one on how economies grow.

Survey: Business economists foresee best growth in 37 years

May 24, 2021 | Associated Press

With viral cases dwindling, consumers increasing spending and more businesses reopening and hiring, economists have been upgrading their forecasts.

Holladay Properties proposes $25.5M in new Westfield warehouse projects

May 25, 2021 | Kurt Christian

South Bend-based Holladay Properties is asking the city of Westfield to grant it a tax abatement to offset the costs of developing three speculative buildings in NorthPoint Industrial Park.

GOP offers $928B proposal on infrastructure, funded with unused COVID aid

May 27, 2021 | Associated Press

Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.

CEO pay at public companies rises even as pandemic ravages economy

May 28, 2021 | Associated Press

The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020. That’s 5% more than the median pay for that same group of CEOs in 2019.

2021 Innovation Issue: When the chips are down, manufacturers scramble

May 28, 2021 | Kurt Christian

A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.

Biden’s $6T budget: Social spending, taxes on business

May 28, 2021 | Associated Press

President Joe Biden on Friday unveiled a budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy.

White House gives GOP one week to reach deal on infrastructure

May 30, 2021 | Associated Press

Transportation Secretary Pete Buttigieg said time is running short for a bipartisan deal on infrastructure, indicating that President Joe Biden will look to act without Republican support if there is no consensus when Congress returns from its Memorial Day break.

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