Global Billionaires Are Terrified Of Alexandria Ocasio-Cortez

Billionaires, CEOs, and other people who have devoted their lives to money are gathered in Davos, Switzerland, and they all seem to have one thing on their mind right now: Representative Alexandria Ocasio-Cortez. The billionaires at the summit are freaking out over her idea to raise marginal tax rates on income over $10 million to 70%, which is actually not as high as it had been in the past. Her policies are popular, and that’s what scares these billionaires, as Ring of Fire’s Farron Cousins explains.

IRS to Recognise Same-sex Marriages across US

THE INDEPENDENT: The move by America's tax agency underscores a cultural and legal acceptance of same-sex marriage

The IRS has said that the terms "husband" and "wife" will now apply to same-sex marriages, regardless of where the ceremony was carried out.

In a move that underscored both a cultural and legal acceptance of same-sex marriage, the tax agency - formally the Internal Revenue Service - posted new regulations that implemented the Supreme Court’s historic ruling this summer.

Treasury Secretary Jacob Lew said the new regulations posted on Wednesday would ensure "that all are treated equally under the law". » | Andrew Buncombe, New York | Thursday, October 22, 2015