WASHINGTON (AP) — The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade. That’s according to the U.S. Treasury. A proposed rule and guidance announced Monday includes plans to stop “partnership basis shifting” — a process by which a business or…… MORE
WASHINGTON (AP) — President Joe Biden’s reelection campaign says it’s using a $50 million advertising blitz targeting voters in battleground states to highlight the “stark contrast” between Biden and former President Donald Trump following Trump’s New York felony conviction. The spending through the end of June includes boosting a new ad focusing on Trump’s conviction.…… MORE
NEW YORK (AP) — Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen said this would involve “a smaller network of stores” — suggesting that store closures could be in sight. But no further details of reductions were immediately…… MORE
WASHINGTON (AP) — President Joe Biden is planning to announce a sweeping new policy that would lift the threat of deportation for tens of thousands of people married to U.S. citizens. It’s an aggressive election-year action on immigration that had been sought by many Democrats. Biden is hosting a White House event Tuesday to celebrate…… MORE
ROUND ROCK (WBAP/KLIF News ) – The search continues for the suspect involved in a shooting at an Juneteenth festival in Round Rock Saturday night. Two people were killed and fourteen were injured when shots were fired around 10:50 p.m. at the celebration at the Lakeview Pavilion and Old Settlers Park. Round Rock Police Chief…… MORE
DALLAS (WBAP/KLIF News ) -Dallas police are asking for the public’s help to catch a teenager who is suspected in two Pleasant Grove murders. 17-year-old Pablo Veliz is allegedly the gunman in a shooting on May 2, 2024 that claimed the life of 16-year-old Isaac Aguirre. It happened in the 2400 block of N. Masters…… MORE
SOUTHLAKE (WBAP/KLIF News ) – The fallout continues after the victim of a North Texas megachurch pastor came forward with accusations of child sexual abuse that occurred decades ago. 54-year-old Cindy Clemshire of Oklahoma said Gateway Church Pastor Robert Morris started molesting her when she was twelve from 1982 to 1987. She told our media…… MORE
(WBAP/KLIF) – DENTON, TX – The divorce case out of Denton County asked whether a frozen embryo has the same rights as a living child in Texas. When Gabriel and Caroline Antoun began in-vitro fertilization they signed a contract that gave the husband sole ownership of the embryos. When the couple divorced in 20-22, Caroline…… MORE
(WBAP/KLIF) – AUSTIN, TX – FERC Order 1920, which was issued last may, grants electrical grid oversight to the federal energy regulatory commission. Paxton argues that the order damages the ability of states to regulate their electric grids efficiently, and that it forces the states and their ratepayers to subsidize large-scale transmission lines to support…… MORE
(WBAP/KLIF) – DALLAS, TX – New Dallas Mavericks governor Patrick Dumont stated that the families with casino ties that recently bought the club are taking a long-term view over gambling prospects in Texas. The Dumont and Miriam Adelson families are likely to pursue a new arena to be built with a casino resort sometime after…… MORE
