Dems Demanding SALT Tax Cuts Stand to Benefit

Link: https://www.dailyposter.com/democrats-gunning-to-end-salt-cap-stand-to-benefit/

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Excerpt:

The SALT tax deduction allows state and local taxes like property taxes to be deducted from federal taxes. The deduction is particularly beneficial to wealthy property owners in Democratic states, which typically have higher property tax rates. In 2017, the deduction was capped at $10,000 under President Trump’s tax reform bill, in what many saw as a Republican attack on blue states.

Repealing the SALT cap would cost the government $600 billion in revenue over nine years.  That outlay would essentially negate any financial benefits from  the Democrats’ proposal to raise the corporate tax rate from 21 percent to 25 percent, the party’s preferred alternative to Biden’s proposed 28-percent corporate tax rate. With all of the money from raising the tax rate being funneled back to wealthy homeowners, there would likely be little money left to fund Biden’s infrastructure package.

Author(s): EMMA RINDLISBACHER

Publication Date: 11 May 2021

Publication Site: Daily Poster

Former SolarWinds CEO blames intern for ‘solarwinds123’ password leak

Link: https://www.cnn.com/2021/02/26/politics/solarwinds123-password-intern/index.html

Excerpt:

Current and former top executives at SolarWinds are blaming a company intern for a critical lapse in password security that apparently went undiagnosed for years.

The password in question, “solarwinds123,” was discovered in 2019 on the public internet by an independent security researcher who warned the company that the leak had exposed a SolarWinds file server.

Several US lawmakers ripped into SolarWinds for the password issue Friday, in a joint hearing by the House Oversight and Homeland Security committees.

“I’ve got a stronger password than ‘solarwinds123’ to stop my kids from watching too much YouTube on their iPad,” said Rep. Katie Porter. “You and your company were supposed to be preventing the Russians from reading Defense Department emails!”

Author(s): Brian Fung and Geneva Sands

Publication Date: 26 February 2021

Publication Site: CNN