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Democrat plans to tax the wealthy could hit an unintended target: Average Americans

Democrat plans to tax the wealthy could hit an unintended target: Average Americans

Finance
Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) speaks during a campaign event on February 17, 2020 in Richmond, California. (Photo by Justin Sullivan/Getty Images)Justin SullivanWhen Sen. Bernie Sanders, I-Vt., proposed legislation last year to tax stock trades, he decried the "recklessness of Wall Street billionaires" and cited a goal of building an economy "that works for all Americans."Now, Sanders and other Democratic Party presidential candidates — Michael Bloomberg, most recently — are leveraging a "financial transaction" tax as a way to fix wealth inequality and fund central initiatives such as health-care reform.But there's one problem: The tax could end up hitting average Americans, as well, namely those saving for retirement, future health costs or a child's colleg...
Democrat defeats Moore in Alabama race

Democrat defeats Moore in Alabama race

World
Media playback is unsupported on your deviceDoug Jones has become the first Democrat in 25 years to win a US Senate seat for Alabama after a bitter campaign against Republican Roy Moore.His unexpected victory deals a blow to President Donald Trump, who backed Mr Moore, and narrows the Republican majority in the Senate to 51-49.Mr Moore has so far refused to concede, saying "it's not over".He fought a controversial campaign, in which allegations surfaced of sexual misconduct with teenage girls.Mr Moore, a firebrand conservative who has said he believes that homosexual activity should be illegal, has repeatedly denied the claims against him.The contest was for the seat vacated by US Attorney General Jeff Sessions earlier this year. A flawed candidate - or an anti-Trump wave?Anthony Zurcher, ...