United Buys 15 Supersonic Jets That Can Slash Travel Time in Half; Biden Lowers Tax Hike to 15%

President Biden proposes creating a minimum corporate tax rate of 15% as a way to pay for an infrastructure bill. That's down from the initial 28% proposed. He also floats a plan to increase funding for the IRS to tighten tax enforcement. Initially set at 28%, the new rate is 15%. The Treasury department also discussed the global corporate minimum tax rate during a recent meeting with G-20 leaders, saying 15% should be the minimum.

The Justice Department will elevate ransomware investigations to a similar level of priority as terrorism. That's in an effort to defeat cyber-criminals threatening the nation. This comes after several recent cyberattacks targeted key infrastructure and industries in the United States. Ransomware hackers recently disrupted operations at the world’s largest meat supplier, JBS. And the attack on the colonial pipeline added to fears of gas prices rising.

And supersonic flights are on their way back to the commercial air travel market. United Airlines has agreed to buy 15 supersonic jets from Boom technology. Supersonic means faster than the speed of sound. It can slash travel time in half. This comes as supersonic startups focus on net-zero emissions and noise-muffling tech.