South Korea's president to pardon jailed ex-Justice Minister Cho Kuk
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Wall Street Journal
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Will E.J. Antoni Raise Your Taxes?
President Trump's recent decision to replace the commissioner of the Bureau of Labor Statistics has the feeling of replacing the meteorologist and hoping you get better weather. But economic data affect government actions and could have surprising consequences. If nominee E.J. Antoni manipulates the statistics to make Mr. Trump look good, you could end up paying higher taxes. Every year the IRS adjusts more than a dozen tax thresholds to account for inflation, a process called indexing. In 2020 the 10% tax bracket applied to income up to $9,875 for single individuals and $19,750 for married couples. Thanks to inflation indexing, those thresholds are now $11,925 and $23,850, respectively.
Yahoo
2 hours ago
- Yahoo
Labour needs to ‘pick things up' after ‘tough' first year in power, Khan says
Labour needs to 'really pick things up' after a 'tough' first year in government, Sir Sadiq Khan has insisted. The London Mayor said Labour supporters would be 'delusional' if they did not recognise the difficulties the party had had since winning power in July 2024. After taking Labour into power at Downing Street for the first time since 2010, Prime Minister Sir Keir Starmer has seen his party's popularity slump in the polls, amid criticism over issues such as welfare reforms. 'It's been a tough first year,' Sir Sadiq conceded. Speaking at the Edinburgh Festival Fringe, he insisted that Labour supporters 'need to have the humility to recognise' that 'otherwise we are being delusional'. The London Mayor, who was one of the most powerful Labour politicians until Sir Keir became Prime Minister, added: 'Those people that say it has been a great first year… I think they are letting the party down. 'It hasn't been a great first year. There have been great things that have happened in this first year, around the rights for renters, around the rights for workers, around energy security, and I could go on. 'But as first years go, it has not been a great first year.' However, he said the 'good news' is his party has 'got another four years to make sure we turn this around'. The London Mayor – who is a Liverpool FC supporter – said if Labour was in a football match, they would be 'two-nil down' But continuing his analogy, he said that only 15 or 20 minutes of the match had gone, with minutes still to play and to 'win this game'. He said: 'It is really important now we really pick things up because I think we are two-nil down. 'But the great news is we have turned it round before, we have won games before where we're two nil down, we can do it again.' His comments came as he said that many people who backed the party last year had 'lent us their vote'. Sir Sadiq said: 'They didn't sprint toward Labour at the ballot box, they lent us their vote, gave us the benefit of the doubt.' After over a decade out of power at Westminster, he also said that the party had 'lost the memory of running things'. Sir Sadiq said: 'It has taken some time for the Labour Party, the Labour Government, to understand how the machinery of government works.' But he added: 'There are some really, really good people in the cabinet, there is a good back office team as well. So I have got confidence we will turn it round.' He added: 'With Keir and the team we've got in Number 10, and across Whitehall, Westminster, we've got a great team. 'They are not performing to the level I know they can perform at. I'm not being critical of them, I think they themselves would admit they can do much more. 'So I am hoping the next three, four years you will really see the best of this government.'
Yahoo
2 hours ago
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Mayor Khan says Sturgeon ‘knew her stuff' but says SNP have ‘hoarded power'
London Mayor Sir Sadiq Khan praised Nicola Sturgeon for being 'on top of her brief' – but claimed that the SNP had 'hoarded power' at Holyrood. The Mayor said his dealings with Ms Sturgeon – who was first minister in Scotland for over eight years – were 'very cordial'. But with the SNP having been in government in Edinburgh since 2007, he accused them of having 'hoarded power', saying this had left many Scots feeling 'disillusioned with the Scottish Parliament'. Speaking at the Edinburgh Festival Fringe, Sir Sadiq said that both 'Cardiff and Edinburgh are as centralised as Whitehall'. He added: 'We've had the SNP in power for a long time in Scotland, and I think they have hoarded power.' But he said he was 'looking forward' to a change at next May's Holyrood elections, when he said the Scottish Labour leader Anas Sarwar would be 'elected as the first minister'. However, the Labour Mayor stressed his dealings with Ms Sturgeon during the Covid pandemic had been 'really good', adding 'she was a grown up'. Sir Sadiq continued: 'Nicola Sturgeon was on top of her brief, she knew her stuff, as did Mark Drakeford. 'She was always courteous to me, we would speak offline about some of the challenges with the government, whether it was Theresa May or Boris Johnson, and my dealings with her were very cordial.'
