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Democratic presidential nominee Joseph R. Biden on Wednesday proposed a new offshoring tax penalty as part of a plan to try to slow the exodus of U.S.-based jobs overseas. Mr. Biden’s campaign said he would establish a 28% corporate tax rate, up from 21%, plus an additional surtax on profits U.S. companies earn overseas for…

Senate Majority Leader Mitch McConnell of Ky., center, introduced a targeted coronavirus relief bill and said he planned a vote this week on it. Jacquelyn Martin/AP hide caption toggle caption Jacquelyn Martin/AP Senate Majority Leader Mitch McConnell of Ky., center, introduced a targeted coronavirus relief bill and said he planned a vote this week on…

Democratic presidential candidate Joe Biden delivers remarks after meeting with Pennsylvania families who have benefited from the Affordable Care Act on June 25, 2020 in Lancaster, Pennsylvania.Jim Watson | AFP | Getty ImagesLaunching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing sweeping new uses of the federal…

As governments nationwide move forward with plans to shift funds away from law enforcement in the aftermath of George Floyd's police-involved death last month, Los Angeles CEO Sachi Hamai has put forward a proposed budget with recommendations to cut some $145.4 million allocated to local police.The bid, which would entail eliminating six units from the Los Angeles Sheriff's…