Elon Musk's company avoided almost all federal income tax on over $12 billion of U.S. income over the past three years Tesla, the company owned by a billionaire who briefly held a job seeking to cut federal government waste, received over $1.1 billion in federal income tax breaks from American taxpayers last year alone. read more
Gavin Newsom' and his staff have quietly talked to the champion of a controversial wealth tax proposal seeking an off-ramp to defuse a looming ballot measure fight. The conversations, reported here for the first time, have occurred intermittently for months as SEIU-UHW's ballot initiative targeting billionaires migrated from the backrooms of California politics to the center of a raging debate about Silicon Valley and income inequality, sparking tech titans' wrath and vows to move out of state. read more
The FDA routinely approves drugs where the full biochemical pathway is not understood.