Vance Boelter, man charged in Minnesota lawmaker shootings, due back in federal court
Boelter, 57, appeared in court last Friday, where his defense was granted a motion to move his detention and preliminary hearing. He told the court he hadn't slept in about two weeks and complained of poor conditions at the Sherburne County Jail in Elk River, Minnesota. The Sherburne County sheriff disputed those claims.
Boelter is accused of killing Minnesota House Speaker Emerita Melissa Hortman and her husband Mark, as well as shooting state Sen. John Hoffman and his wife Yvette, who survived. He was charged by the U.S. Attorney's Office with two counts of murder, two counts of stalking and two weapons charges. Boelter may face the death penalty if convicted. He also faces state charges, and could face life without parole if convicted.
Thursday's hearing is expected to address whether Boelter should remain in custody without bail and affirm that there is probable cause to proceed with the case. He's not expected to enter a plea. Prosecutors need to secure a grand jury indictment first, before his arraignment, which is when a plea is normally entered.
After his previous hearing, Boelter was to be moved to a segregated area of the jail and taken off suicide watch.
Authorities say Boelter impersonated a police officer and shot the lawmakers and their spouses at their respective Twin Cities homes on June 14. He was arrested at his Sibley County home after a 36-hour manhunt that officials said was the largest in state history. Police recovered more than 50 guns from his Green Isle, Minnesota, home and his vehicle.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
23 minutes ago
- CBS News
Emergency dispatch system impacted by heat in Baltimore during in-custody death, mayor says
Baltimore's emergency dispatch system failed due to the heat during a mental health response that ended with a man dying while in police custody, Mayor Brandon Scott confirmed. The failure of the Computer-Aided Dispatch (CAD) system is under investigation, according to the mayor. Man dies while in Baltimore police custody The unidentified man died after being restrained by Baltimore police on June 24. According to a preliminary investigation by the attorney general's office, the man approached an officer who was in a patrol car stopped at a light. The incident occurred at the intersection of West Franklin Street and North Franklintown Road. While speaking to the officer, the man walked into the middle of the road several times, according to the AG's office. Officers put handcuffs and leg restraints on the man. He became unresponsive while he was restrained, and while police were waiting for medical personnel to arrive, the AG's office said. The AG's office noted that the incident began around 9:40 p.m., and by 10:30 p.m., EMS had still not arrived at the scene. The officers transported the man to a hospital in a patrol vehicle. He was pronounced dead the following day. During a review of dispatch audio, WJZ Investigates learned that the officer was asked several times if an ambulance had arrived. The Attorney General's Independent Investigations Division (IID) is still investigating the incident. Police dispatch system failure According to Mayor Scott, the failure of CAD is under investigation by the Baltimore Police Department. "We know that technology systems fail," the mayor said. "We are investigating what happened with that particular incident and how that played a part in the unfortunate incident that happened." "...That's all a part of the investigation, to go back and see exactly what happened, who did what, what happened with the system," he added. Scott emphasized that the city has backup systems in place. "There are backup procedures and things that are in place, and a part of the investigation is to go back and look and see how those were used in this situation as well," Scott said. WJZ reached out to Baltimore Police for further comment.
Bloomberg
23 minutes ago
- Bloomberg
‘Big Beautiful Bill' Raises Threat of Default for Litigation Asset-Backed Securities
Legislation tucked inside President Donald Trump's landmark tax bill could make it difficult for asset-backed securities tied to litigation funding to make timely interest payments, according to a note by Kroll Bond Rating Agency. The Tackling Predatory Litigation Funding Act, which is part of the One Big Beautiful Bill Act currently in the Senate, would impose substantial new taxes on profits from third-party litigation funding, says the June 27 note by authors including Joanne DeSimone and Zara Shirazi.
Forbes
24 minutes ago
- Forbes
5 Key Ways Trump's Big Beautiful Bill Transforms Corporate Taxation
Tax The House has passed the Senate's version of Trump's Big Beautiful Bill by a narrow margin (216-214), and it will now head to President Trump's desk for his signature. The bill includes significant tax cuts that dwarf the spending cuts to the tune of a $3.1 trillion increase in the deficit over the next 10 years, according to Forbes. This article highlights 5 key ways the One Big Beautiful Bill Act transforms corporate taxation. For a look at how the bill will affect individual taxation, see my companion article on Forbes. (1) Corporate Tax Rates Will Not Increase A key provision of the Tax Cuts and Jobs Act of 2017 lowered the corporate tax rate by a staggering 40% (from 35% to 21%). The previous rate of 35% has been held constant since 1986. However, relative to other OECD countries, the 35% tax rate was among the highest levied on corporations in the OECD. Many companies and policymakers felt this put US corporations at a competitive disadvantage, especially given the increasingly global economy, according to the Tax Policy Center. Absent a provision allowing the corporate rates to hold steady, they would have reverted to their 35% tax rate. In a statement released by the White House, holding the corporate tax rate at 21% signals a pro-business environment for starting and growing businesses. (2) Full Expensing Of Domestic Research And Experimentation Since 2022, corporations have been required to amortize and expense their research and development (R&D) expenses over time. As highlighted by The Tax Foundation, not being able to immediately expense R&D stifles corporate innovation in the US. The One Big Beautiful Bill Act addresses this issue by allowing R&D performed in the US to be immediately expensed. Meanwhile, R&D performed by US corporations outside the US will continue to be subject to the amortization rules. While separating domestic from international R&D expenses will create other nuances that need to be addressed over time, this provision benefits corporations by allowing the immediate expensing of these costs, yielding significant tax benefits due to the time value of money. This provision enables corporations to recognize expenses earlier, rather than later, thereby benefiting from the time value of money. This provision will also benefit the US by providing financial incentives for corporations to locate their R&D activities within the US. Lastly, an important portion of this provision is that it will be retroactively implemented as of December 31, 2021. This change means that corporations that have been amortizing their R&D over the last three and a half years can now recognize these expenses. For companies with annual gross receipts of less than $31 million, the expensing can occur immediately. All other companies can recognize these expenses over the next two years. (3) Bonus Depreciation Is Back The bonus depreciation benefits, which provide an immediate expense deduction for specified types of property purchased, were introduced by the Tax Cuts and Jobs Act of 2017. These benefits have been slowly phased out in recent years and were scheduled to expire completely in 2027. The One Big Beautiful Bill Act brings back the 100% immediate expensing through 2029. The property that qualifies for bonus depreciation typically includes tangible personal property, such as furniture and fixtures, computer equipment, appliances, and certain types of vehicles. The immediate expensing allows corporations to realize significant tax benefits by accelerating their tax deductions for qualifying expenditures over many years. Being able to deduct these expenses immediately not only puts the cash flows back in the corporation's hands, but it also gives them a time value of money benefit for their tax deductions. (4) Reenactment And Amplified Opportunity Zone Tax Benefits The Tax Cuts and Jobs Act of 2017 introduced the concept of opportunity zones, designed to utilize tax incentives to stimulate investment in underserved communities. According to the Tax Policy Center, opportunity zones had three key tax benefits: (1) temporary deferral of taxes on previously earned capital gains, (2) basis step-up of previously earned capital gains invested, and (3) exclusion of taxable income on new gains. While the benefits of opportunity zones primarily accrue to high-wealth individuals, many of these opportunity zones have flowed into real estate and operating businesses, representing a potential catalyst for companies that might ultimately become or be acquired by corporations. Importantly, these entities can only be developed and allocated in specific areas, which means that investments are flowing into areas that are most in need of economic stimulus. The One Big Beautiful Bill Act brings back opportunity zones through 2033. The key changes include that 33% of the zones must be in rural areas (an area with fewer than 50,000 inhabitants), and an increased tax incentive of a 30% exclusion of a deferred gain (previously 10%). Thus, this provision will increase the incentives for wealthy taxpayers to invest in rural areas that may be in need of an economic stimulus. (5) Less Extreme Changes To Multinational Taxation Rules Perhaps no bill in history has altered the taxation of US multinationals as significantly as the Tax Cuts and Jobs Act of 2017. In that bill, US multinationals transitioned from a worldwide tax system, where profits generated anywhere in the world were taxed in the US, to a quasi-territorial tax system, where, as long as certain conditions were met, profits were only taxed in the jurisdiction where they were generated. This lowered the complexity for multinational corporation tax laws. However, other provisions have also now become a mainstay in US multinational tax law, such as the Global Intangible Low-Taxed Income (GILTI) tax, which introduces an additional layer of US tax when companies have unusually high income relative to their assets overseas. The Tax Cuts and Jobs Act of 2017 also introduced the Foreign-Derived Intangible Income (FDII) provision, which provides a lower tax rate for products made in the US and exported overseas. Lastly, the act introduced the Base Erosion Anti-Abuse Tax (BEAT), which adds tax liabilities to large corporations that make significant payments to foreign subsidiaries, such as royalties and interest. Each of these provisions were set to become less beneficial to US corporations starting in 2026. Under the One Big Beautiful Bill Act, the quasi-territorial tax system will remain in place. The additional layer of GILTI tax will increase from 10.5% to 10.7%. While this increase is higher than 13.1%, it is better than what it would have been absent this bill. Similarly, the lower FDII tax rate was 13.125%, and it would have increased to 16.4%. Instead, it will be 13.3% starting in 2026. Lastly, the BEAT tax rate will increase from 10% to 10.1% under the One Big Beautiful Bill Act, rather than 12.5% under the Tax Cuts and Jobs Act. While some of these changes and modifications may appear small, it is essential to consider the magnitude of the global economy and recognize that even tenths of a percent can have multi-million-dollar ripple effects. Above all else, these changes help ensure our corporations remain competitive in the global economy. These key changes are not all that is packed into the nearly 1,000-page One Big Beautiful Bill Act. However, they do represent some of the most impactful to US Corporations should President Trump sign it into office on the 4th of July.
