Eviction ban | SALT caps | Suing Goldman

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VIEW IN BROWSER | SUBSCRIBE TUE, MAR 30, 2021 CNBC POLITICS EDITOR'S NOTE Hello,   Here are some of the key stories we are following at CNBC.com: Covid eviction ban: The CDC this week extended its eviction moratorium for renters until the end of June. The move is intended to protect renters who are struggling financially during the pandemic and otherwise might be forced out of their apartments. Landlords with relatively small property portfolios are feeling the squeeze, as well. CNBC's Diana Olick reports that several of them are selling rental properties to recoup some losses.  The fight over SALT caps: There's been a lot of talk about how Democrats want to hike taxes on the rich to pay for President Biden's ambitious initiative to revamp America's infrastructure. But Democrats in high-tax states are pushing to bring back a big, fat cut for wealthier families in the form of uncapped federal deductions for state and local taxes, or SALT. The Trump tax reform law of 2017 capped the deduction, which includes local property taxes, at $10,000. Business leaders in New York, a state with high property taxes, are among those lobbying the Biden administration to eliminate the SALT cap, CNBC's Brian Schwartz reports. Goldman Sachs at SCOTUS: This case reaches back to the days of the 2008 financial crisis. Several shareholders argue that Goldman artificially inflated its share price with generic statements such as "our clients' interests always come first." The case focuses on the bank's marketing of a collateralized debt obligation called Abacus and other CDOs, and its failure to disclose heavy bets against the products. CNBC's Tucker Higgins reports that the justices, however, didn't appear to likely to offer a sweeping ruling either way. Thoughts? Email Politics Editor Mike Calia at CNBCPolitics@nbcuni.com.   The CNBC Politics newsletter will take off Friday for the holiday. We will be back next week.   Have friends or colleagues who might like this newsletter? They can sign up here.    Subscribe to CNBC's daily new podcast The News with Shepard Smith, which provides deep, non-partisan coverage and perspective on the day's most important stories. Mike Calia @Michael_Calia KEY STORIES  Here's how Biden's infrastructure package will likely tackle climate change Biden's infrastructure plan will likely include record spending on mitigating climate change and accelerating a clean energy transition. New York business leaders push Biden, Schumer to ditch the cap on SALT deductions New York business leaders are pushing President Biden and Senate Majority Leader Schumer to bring back the full SALT deduction, which was capped under Trump. CDC will extend national eviction ban through June 30 The CDC will keep its national moratorium on evictions in effect through June. The protection was slated to lapse in just days. Supreme Court to decide whether Kentucky's GOP attorney general can defend restrictive abortion law The Supreme Court will hear a plea from the Republican attorney general of Kentucky to allow him to defend a state abortion law, HB 454. Some landlords sell properties as CDC extends eviction ban The Centers for Disease Control just extended its rental eviction ban through the end of June. Supreme Court considers whether shareholders can sue Goldman Sachs over generic statements Shareholders of Goldman Sachs argued at the Supreme Court that they should be allowed to sue the investment banking giant over generic statements. GOP Sen. Thom Tillis diagnosed with prostate cancer, will have surgery next week Sen. Thom Tillis, a 60-year-old Republican, said he expects to make a "full recovery" from prostate cancer. Sen. Toomey accuses the Fed of overstepping on climate change and other social issues Sen. Pat Toomey, R-Pa., expressed concern about the central bank's foray into social issues such as climate change, race and health insurance. Fraudsters are laundering millions in Covid relief funds through online investment platforms Criminals using stolen identities to obtain pandemic relief funds meant for small businesses are laundering millions through major online investment platforms. Jeffrey Epstein friend Ghislaine Maxwell faces new charges in sex crimes case Ghislaine Maxwell is awaiting trial on charges that she recruited underage girls to be sexually abused by the late sex criminal Jeffrey Epstein.     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS