Megan Henney
Megan Henney
FOXBusiness reporter covering economic policy. (Before: McClatchyDC & pittsburghpg) Send tips to megan.henney@foxnews.com.Source
New York City, NY
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Millennials continue to flee big cities for the suburbs

Millennials continue to flee big cities for the suburbs

As millennials begin to settle down, they’re fleeing big cities in droves, driving a huge resurgence to American suburbs in search of cheaper houses and good schools, according to Census Department figures. After years of stagnant growth in the wake of the financial crisis, suburban towns now account for 14 of the 15 fastest-growing U.S. cities with populations over 50,000, according to Census data published in May. Towns such as Buckeye City, Arizona; Apex, North Carolina; and Frisco, Texas are now grappling with an influx of millennials, ages 23 to 38, who have been priced out of more...

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Megan Henney
September 28, 2019
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Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says

Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says

Thousands of unemployed gig workers in California became eligible at the end of April to file for unemployment benefits If Uber and Lyft treated their drivers as employees rather than contractors, the two companies would owe California $413 million in unemployment insurance contributions, according to a new report. Thousands of unemployed gig workers in California became eligible at the end of April to file for unemployment benefits. Applicants initially received the minimum benefit amount of $167 a week and the additional $600 a week benefit established by the massive $2.2 trillion CARES...

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Megan Henney
May 12, 2020
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What Biden's capital gains tax proposal could mean for your wallet

What Biden's capital gains tax proposal could mean for your wallet

ROK Group co-founder John Paul DeJoria argues if companies are overtaxed, they'll have to cut costs somewhere. is expected to propose almost doubling the rate paid by wealthy investors when they sell stocks and other assets in his next big-ticket spending bill.  Under the forthcoming proposal, dubbed the American Families Plan, the capital gains tax rate could increase to 39.6% from 20% for Americans earning more than $1 million, a source familiar with the matter told FOX Business. Coupled with an existing Medicare surcharge, federal tax rates for the wealthy could climb as high as 43.4% –...

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Megan Henney
Apr 23
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Pelosi's husband bought $10M in Microsoft shares through options | Fox Business

Pelosi's husband bought $10M in Microsoft shares through options | Fox Business

Close the sidebarCheck out what's clicking on FoxBusiness.com.House Speaker 's husband purchased millions of dollars worth of and Roblox shares last month, new financial disclosures form reveal.venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece.Since Pelosi made the purchase, Microsoft share prices have climbed from about $230 to roughly $255 – an increase of close to 11% – after the company secured a lucrative government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets. The deal was...

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Megan Henney
Apr 13
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Biden's corporate tax hike could cost US economy 1M jobs, trade group warns

Biden's corporate tax hike could cost US economy 1M jobs, trade group warns

Rep. Debbie Dingell on Rep. Lee Zeldin, infrastructure bill, border crisis has pitched his nearly $2.3 trillion spending proposal as a vital investment in the , but the proposed hikes that would fund the sweeping measure could kill close to 1 million .  That's according to a released Thursday by the National Association of Manufacturers, which found that 1 million jobs will disappear within two years if the president's proposed tax increases are approved."This study tells us quantitatively what manufacturers from coast to coast will tell you qualitatively: increasing the tax burden on...

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Megan Henney
Apr 8
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Manchin rejects Biden's corporate tax hike

Manchin rejects Biden's corporate tax hike

Economist Stephen Moore discusses President Biden's massive infrastructure plan and New York lawmakers raising taxes.Sen. Joe Manchin, D-W.Va., said Monday that he does not support 's proposed tax increases on corporations as part of a nearly $2.3 trillion proposal, potentially dealing a fatal blow to a key revenue raiser included in the infrastructure initiative.Biden's plan would raise the corporate tax rate to 28% from 21% and increase the global minimum tax on U.S. companies to 21% from about 13%. The White House said the tax increases would pay for the proposed investments in the...

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Megan Henney
Apr 5
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Progressives pressure Biden to pass $10T green infrastructure, climate justice bill

Progressives pressure Biden to pass $10T green infrastructure, climate justice bill

Wyoming Republican discusses the president's plan to expand the size of government on 'Kudlow'Progressive Democrats are leaning on  to dramatically increase the size of his next big-ticket economic spending bill, unveiling on Monday a new bill that would invest $10 trillion in renewable energy, green infrastructure and climate justice initiatives over the next decade.The measure, known as the Transform, Heal and Renew by Investing in a Vibrant Economy (THRIVE) Act, aims to make a series of sweeping changes to the nation's infrastructure and echoes many aspects of the Green New Deal,...

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Megan Henney
Mar 30
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Yellen to push for global minimum tax rate on corporations

Yellen to push for global minimum tax rate on corporations

President Biden argued raising taxes will 'make the economy function better' and 'create more energy' while taking press questions on the March jobs report.Treasury Secretary on Monday made the case for a global minimum rate as she pushes President Biden's plan to increase levies on U.S. corporations in order to fund his $2.25 trillion spending proposal.In a speech to the Chicago Council on Global Affairs, Yellen called for global coordination on taxes paid by multinational corporations — part of an effort to crack down on companies that relocate in search of lower rates. Yellen's comments...

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Megan Henney
Apr 5
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Biden praises Xi as 'smart, smart guy,' promises to 'hold China accountable'

Biden praises Xi as 'smart, smart guy,' promises to 'hold China accountable'

President Biden discusses his upcoming infrastructure plan in his first news conference. called President Xi Jinping a "smart, smart guy" during his Thursday press conference, even as he vowed to hold Beijing accountable for a multitude of human rights abuses and unfair trade practices.Asked during his first formal news conference how he planned to address China and its growing status as a global economic powerhouse, Biden said he told Xi that he's "not looking for confrontation," but knows there will be "steep, steep competition.""We'll insist that China play by the international rules,...

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Megan Henney
Mar 25
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Pelosi's husband bought $10M in Microsoft shares through options

Pelosi's husband bought $10M in Microsoft shares through options

Check out what's clicking on FoxBusiness.com.House Speaker 's husband purchased millions of dollars worth of and Roblox shares last month, new financial disclosures form reveal. Paul Pelosi exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, according to an April 9th filing with the House clerk. That same day, Pelosi, who owns and operates a California venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece.Since Pelosi made the purchase, Microsoft share prices have climbed...

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Megan Henney
Apr 13
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