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Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases New York City Mayor Zohran Mamdani is urging Albany to consider a sweeping overhaul of New York’s estate tax, proposing to sharply lower the exemption threshold and dramatically increase the top rate on large inheritances. His plan would cut the exemption from more than $7 million to $750,000 while boosting the highest tax rate from 16 percent to 50 percent, Bloomberg reported.  The idea was included in a policy memo his administration recently shared with state...

Federal Court Clears Way For Gulf Of America Energy Development Authored by Kimberley Hayek via The Epoch Times, A federal court has quashed a lawsuit objecting to federal supervision of oil and gas operations in the Gulf of America following the government’s steps of exempting those activities from the Endangered Species Act (ESA), citing national security reasons.  The U.S. District Court for the District of Maryland decreed the case moot and said it did not hold jurisdiction to continue. The dismissal comes after the Endangered Species Committee’s unanimous March 31 move to...

CDC Raises Ebola Response To Highest Level As Outbreak Grows Authored by Kimberley Hayek via The Epoch Times, The U.S. Centers for Disease Control and Prevention has activated its highest-level emergency response to the growing Ebola outbreak in central Africa caused by the rare Bundibugyo strain, as the agency says that the risk of spread within the United States remains low. The move to Level 1 activation, signifying the most severe health crises, comes as the outbreak, which is now in its second month, has infected more than 1,200 people in Congo,...