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Maine joins blue states with new 2% millionaire tax surcharge

Maine has officially joined the ranks of high-tax blue states as Democratic Gov. Janet Mills signed a controversial new millionaire tax into law, sparking immediate warnings that the move will punish local business owners and stifle investment. Effective Jan. 1, 2026, the new law bypasses traditional Republican opposition to implementing…

Jerome Powell successor Kevin Warsh clears Senate Banking Committee

Kevin Warsh’s nomination to serve as the next Federal Reserve chair took a big step forward on Wednesday after a key committee voted to advance his nomination after a senator lifted his opposition. Members of the Senate Banking Committee voted 13-11 to send Warsh’s nomination to the full Senate for a confirmation vote that could occur soon.Warsh, a former Federal Reserve governor who served at the central bank from 2006 to 2011, was nominated to…

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NYC tax hike on wealthy draws sharp criticism from Kevin O’Leary

A renewed push to raise taxes on wealthy individuals and corporations in New York City is drawing criticism from business leaders as policymakers weigh how to balance budgets without driving away investment. O’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on “Varney & Co.” to weigh in on…

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Investing

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