1st GOP senator opposes tax bill
1st GOP senator opposes tax bill
WASHINGTON (AP) — Wisconsin’s Ron Johnson on Wednesday became the first Republican senator to say he opposes his party’s tax bill, signaling potential problems for GOP leaders. Passage of a similar package seemed certain Thursday in the House, where a handful of dissidents conceded they expected to be steamrolled by a GOP frantic to claim its first major legislative victory of the year.
The two chambers’ plans would slash the 35 percent corporate tax rate to 20 percent, trim personal income tax rates and diminish some deductions and credits — while adding nearly $1.5 trillion to the coming decade’s federal deficits. Republicans promised tax breaks for millions of families and companies left with more money to produce more jobs.
Besides Johnson, Republican Sens. Susan Collins of Maine, Jeff Flake of Arizona and Bob Corker of Tennessee have yet to commit to backing the tax measure.
Johnson complained the bills were more generous to publicly traded corporations than to so-called pass-through entities. Those are millions of partnerships and specially organized corporations whose owners pay levies using individual, not corporate, tax rates. While details of the House and Senate bills differ, many pass-through owners would owe more than 20 percent in taxes for much of their income.
“These businesses truly are the engines of innovation and job creation throughout our economy, and they should not be left behind,” Johnson said. But he left the door open to changes “so I can support the final version.”
Leonardo da Vinci’s Christ painting sells for record $450M
NEW YORK (AP) — A painting of Christ by the Renaissance master Leonardo da Vinci sold for a record $450 million (380 million euros) at auction on Wednesday, smashing previous records for artworks sold at auction or privately.
The painting, called “Salvator Mundi,” Italian for “Savior of the World,” is one of fewer than 20 paintings by Leonardo known to exist and the only one in private hands. It was sold by Christie’s auction house, which didn’t immediately identify the buyer.
The highest price ever paid for a work of art at auction had been $179.4 million (152 million euros), for Pablo Picasso’s painting “Women of Algiers (Version O)” in May 2015, also at Christie’s in New York. The highest known sale price for any artwork had been $300 million (253 million euros), for Willem de Kooning’s painting “Interchange,” sold privately in September 2015 by the David Geffen Foundation to hedge fund manager Kenneth C. Griffin.
A backer of the “Salvator Mundi” auction had guaranteed a bid of at least $100 million (85 million euros), the opening bid of the auction, which ran for 19 minutes. The price hit $300 million about halfway through the bidding.
People in the auction house gallery applauded and cheered when the bidding reached $300 million and when the hammer came down on the final bid, $400 million. The record sale price of $450 million includes the buyer’s premium, a fee paid by the winner to the auction house.
Australian Senate debates gay rights in marriage bill
CANBERRA, Australia (AP) — A gay lawmaker on Thursday started the Australian Parliament’s debate on legal recognition for same-sex marriage with an emotion speech in which he warned against winding back LGBT rights.
Dean Smith, a senator with the ruling conservative Liberal Party, has introduced a bill that would limit who could legally refuse to take part in same-sex marriage to churches, religious ministers and a new class of religious celebrants.
But many same-sex marriage opponents want amendments to broaden the range of businesses and individuals who can legally refuse to provide services such as cakes, flowers or a venue to same-sex couples and new free-speech protections for those who denounce gay marriage. Discrimination on the basis of sexual orientation is illegal in Australia outside religious institutions.
“Let me be clear: Amendments that seek to address other issues, or which seek to deny gay and lesbian Australians the full rights, responsibilities and privileges that they already have will be strenuously opposed,” Smith told the Senate.
“Australians did not vote for equality before the law so that equality before the law that is already gained be stripped away,” he added.
US opposes Nazi speech, but will vote no at UN to banning it
WASHINGTON (AP) — The United States government wants you to know: It really, truly doesn’t like Nazis.
At the United Nations this week, the U.S. plans to vote against a yearly resolution that condemns the glorification of Nazism, State Department officials said Wednesday. Although it may seem counterintuitive — who wouldn’t want to condemn Nazis? — officials said free speech protections and other problems with the resolution make it impossible for America to support.
Introduced by Russia, the resolution calls on all U.N. nations to ban pro-Nazi speech and organizations, and to implement other restrictions on speech and assembly. That’s a non-starter in the U.S., where First Amendment protections guarantee all the right to utter almost anything they want — even praise for Adolf Hitler’s followers.
The United States votes against the resolution every year, along with just a handful of others, while the European Union nations and some others typically abstain. The resolution always passes overwhelmingly, usually with little fanfare.
But this year, the “no” vote from the U.S. is likely to create more of a stir, given it’s the first rendition of the vote since President Donald Trump entered office. Trump adamantly denies any secret affinity for white supremacists. Yet his blame-on-both-sides response to violence in August at a white nationalist protest in Charlottesville, Virginia, gave fodder to Trump critics who say he’s insufficiently critical of neo-Nazis.