edge

NASHUA, N.H. — The problem for Patrick J. Buchanan, the silver-tongued Republican who would be President, is people like George Anthes.

“It seems that Pat Buchanan has truly caught fire,” says Anthes, the king of talk radio at station WMVU, introducing the candidate to a listening audience of flinty New Englanders. “There seems to be a change brewing.”

And so Buchanan begins his spiel: The national polls–three of five in August–that peg him No. 2 behind Senate Majority Leader Bob Dole of Kansas in the race for the GOP nomination. His recent endorsement by the Manchester Union Leader, the paper of record for New Hampshire’s hard-core conservatives. A credible showing in the recent Iowa straw poll–in his eyes, No. 3 with a bullet.

“We have crossed the threshold,” said a confident Buchanan, “of credibility and electability.”

Not so fast. Thirty minutes later, with the microphone off and the candidate heading quickly for the door, Anthes gets a little more honest. “I’d love to see Pat as President, but I have my doubts.” A pause. “He is picking up though.”

Well, sort of. Somehow, even when they suffer setbacks or fail to make headway in the polls, Texas Sen. Phil Gramm, ex-Tennessee Gov. Lamar Alexander and California Gov. Pete Wilson get taken seriously as potential nominees. Even when Buchanan is on a roll–like the one that fuels his hopes today–he is rarely accorded the same respect.

The reasons are plentiful. Buchanan rose to prominence as a commentator and author; although he ran for President in 1992, he has never won an elected office. He is an unabashed, uncompromising conservative, and thus a polarizing figure to many. And the disdain he does not hide for some in his own party has cut into his ability to raise money.

Buchanan and his followers are “outsiders, they’re populists,” said political analyst Kevin Phillips. “In terms of the Republican power elite, they’re not Buchananites. He could never be the nominee.”

Striving for Second

Buchanan, 56, is undeterred by such naysayers. And his quest, at least for now, is not to be No. 1, but to come in second in the early primaries and caucuses of 1996–a crucial three weeks, Buchanan contends, that will decide if he can raise the money to continue campaigning.

“I’ve got the resources to go three weeks,” said the candidate, who so far has raised about $3 million and spent an estimated $2.5 million. A bad showing in those crucial contests and contributions will dry up, leaving him at great disadvantage to his cushier competitors who have the money “to sustain the kinds of defeats I can’t.”

Indeed, as of June 30, in the most recent Federal Election Commission statistics available, Dole had raised $13.5 million and had $6.5 million cash on hand; Gramm had raised $16.8 million and had $7.3 million left.

Dole’s and Gramm’s years in public office have given them extensive lists of big-money campaign donors. Buchanan, on the other hand, appeals to ideologically inspired small donors and reports an average contribution of less than $40. “We are appealing to the grass-roots,” said K. B. Forbes, Buchanan’s deputy press secretary.

Buchanan is struggling mightily to claim the crown of true conservative in a crowded field of candidates, to fuse together the disaffected, the religious, the working class, Ross Perot voters, gun owners, the Christian Coalition. He is striving to be second.

“Dole might be ahead of me,” Buchanan contended, “but then the conservatives will say: ‘It’s Buchanan or Dole.’ If they say that, then I can beat Bob Dole.”

Hanging over the upbeat campaign for the past month was the ill health of Buchanan’s mother, Catherine, 83, who was injured in a fall. She died Monday, and Buchanan headed home from a campaign swing in the West.

One recent Sunday morning, he could be found striding into Washington’s National Airport, fresh from a hand-clapping, foot-stomping success at the Christian Coalition’s annual meeting. He was armed with a newspaper and briefcase, garbed in the politician’s standard-issue blue suit. He was headed to New Hampshire for three days of campaigning. No one paid a bit of attention.

This is the conservative made famous by his 1992 declaration of a cultural war “for the soul of America,” a battle that he will likely wage as long as he can breathe–and talk.

“Have you read that U.N. report?” he asked supporters at a Republican town hall meeting in New Hampshire later the same day. “They say there aren’t two sexes, there are five genders.”

He paused for laughter, warmed to his crowd and continued: “They started with heterosexual; I followed them there. They went on to homosexual; I was slowing down. They said transsexual, that’s the third one. I don’t understand the last two. I tell you this: God created man and woman, I don’t care what Bella Abzug says.”

In the circles Buchanan travels, that one always goes over well. So do his stands on affirmative action (against), abortion (vehemently against), the death penalty (oh, yes), the Department of Education (oh, no).

He would bury the North American Free Trade Agreement and erect an ideological wall around the nation to rival the actual wall he would build along the U.S. border with Mexico. No more foreign aid, no more global free trade. In Buchanan’s brand of economic nationalism, “we must stop sacrificing American jobs on the altar of transnational corporations.”

And he would tell the nation about his economic platform, unveiled in a recent Wall Street Journal essay, if only people would tear their attention away from his stand on social issues. His program, he contends, will make America “the enterprise zone for the entire industrialized Western world.”

The highlights: A flat tax on personal income. A flat tax for big corporations. A much lower tax for small ones. No more inheritance tax on family businesses and family farms. He will pay for the plan with a 10% tariff on Japanese imports and a 20% tariff on Chinese goods.

In New Hampshire, with its recent memory of economic privation, of local industries fleeing oversees, the Buchanan plan resonates.

Norma Moreau, 38, stands in front of Martha’s Exchange restaurant and brew pub here in Nashua, waiting for a friend so they can map out the future of her small-business career. Moreau said that she is likely to cast her ballot for Buchanan, even though she disagrees with his rock-solid stand against abortion. Everything else, she says, she likes–particularly the tariffs.

“I think there should be tariffs put on anything from another country,” said the owner of Imprints Ink, a struggling silk-screening firm. “We have to protect our own jobs. All we do is help other countries. Why don’t we take the money and help the United States?”

She has too many friends who have lost their jobs, run out of unemployment assistance, lost their homes. “It’s sad,” she said.

Familiar Territory

Buchanan used this New Hampshire despair, coupled with Republican anger at the 1991 tax increase shepherded by then-President George Bush, to garner an unimaginable 37% of the vote in the 1992 GOP primary here.

He still considers the region his, with its picket fences, clapboard houses, and guys named Charlie who wear shirts and ties when they go to work pumping gas at the local Shell station.

People here still smoke in restaurants; adults are not required to wear seat belts or motorcycle helmets. The state motto is, “Live Free or Die.”

At St. Marie Parish in industrial Manchester, where Buchanan took in Sunday Mass, the homily began with a tale about how burdensome laws in New York City required Mother Teresa to install an elevator for the handicapped in her refurbished community center. The result, according to the priest: She left.

“I notice Pat Buchanan is here,” said Father Marc Montminy to great applause. “Welcome in our midst.”

Charles M. Arlinghaus, executive director of New Hampshire’s Republican State Committee, contends that the race here is still wide open and that Buchanan still has a shot. “Anyone could win New Hampshire,” he said, “with a couple of exceptions I won’t name.”

Phillips concedes that Buchanan was underestimated in New Hampshire in 1992.

But the author of the American Political Report figures that a GOP presidential nomination for the conservative commentator and author is “unlikely.” Chances are, Phillips says, Buchanan will not even win 25% of the vote in the upcoming New Hampshire primary.

“I think 25% would be doing very well,” Phillips said. “It would probably put him second place, clearly put him third. He does have a chance of going that high. On the other hand, the chance of Pat lasting with a lot of pep into March is not very good. He doesn’t have the budget.”

But the lengthy race to choose a President is still in its very early stages, as was painfully evident as Buchanan campaigned in Concord Sept. 11.

Performing the mandatory New Hampshire dance of meet and greet the voters, he introduced himself to Bea McGinnis, 76, a loyal Republican, shook her hand and went on his way. And who does McGinnis like in the Republican race? “Well, you got Bill Wilson, running, right? He’s a Republican. And I like John over there,” she said, glancing at Buchanan’s receding back. “That’s his name, right?”

La Ganga reported this story while on assignment in New Hampshire.

Real stay within four points of league leaders Barcelona with hard-fought win in Madrid derby.

Vinicius Jr scored ⁠twice ⁠as Real Madrid fought back to beat Atletico Madrid 3-2 in ⁠a breathless Spanish capital derby on Sunday, keeping Alvaro Arbeloa’s side ⁠within four points of La Liga leaders Barcelona.

Atletico’s Ademola Lookman opened the scoring in the 33rd minute on Sunday, finishing a slick ‌counterattack involving Matteo Ruggeri and a delightful backheel from Giuliano Simeone.

Vinicius equalised from the penalty spot in the 52nd minute after David Hancko clumsily tripped Brahim Diaz, and Federico ⁠Valverde capitalised on a ⁠Jose Maria Gimenez error three minutes later to make it 2-1 to Real.

Nahuel Molina silenced Real’s ⁠Bernabeu stadium with a thunderous 30-metre strike in ⁠the 66th minute, but ⁠Vinicius restored Real’s lead with a cracking solo effort six minutes later.

Valverde then saw red ‌for an inexplicable challenge on Alex Baena, and Julian Alvarez struck the ‌post ‌as Atletico pressed, but Real held firm.

Arbeloa praised his side for showing “pure Real Madrid mentality” to emerge with a difficult win.

“We’re in a good moment, it wasn’t an easy match at all. The opponent made it very difficult for us,” he said.

“We had to show a very strong mentality, they equalised again fiercely and we had to press again. That’s what I liked the most – the mentality of this team.”

Atletico Madrid boss Diego Simeone said his side deserved to come away with more from the game.

“We could have defended their goals better and done more in attack,” he said.

“We’re facing teams that play well, and if you give them anything, they’ll hurt you. We deserved more.”

Earlier on Sunday, Barcelona edged Rayo Vallecano 1-0 as Ronald Araujo headed in the winner in the 24th minute at Camp Nou, and Barcelona goalkeeper Joan García’s impressive performance showed why he is most likely heading to the World Cup with Spain.

Araújo jumped over his marker and scored after Joao Cancelo’s corner to the far post.

Raphinha came close on three occasions to also scoring for the hosts in the first half. He shot wide on the break, forced goalkeeper Augusto Batalla to tip a shot over the bar, and hit the woodwork shortly after Araújo’s goal.

Garcia saved a shot by Carlos Martin in the game’s opening minute, blocked Unai Lopez’s header early in the second half and got just enough on a low strike from Jorge de Frutos in the final moments to push it wide.

Garcia was included in Spain’s squad for the first time on Friday ahead of two friendly matches which will serve as warmups for this summer’s World Cup.

Elsewhere on Sunday, Alaves achieved one of the club’s most memorable wins after it erased a three-goal deficit at Celta Vigo to secure a 4-3 victory. The stunning result lifted Alaves out of the relegation zone.

In Bilbao, Dani Vivian and Oihan Sancet scored to give Athletic a 2-1 win over Real Betis in the first match since Athletic coach Ernesto Valverde said he would leave the Basque club at the end of the season.

Noah Cates scored on a deflection off goalie Lukas Dostal’s skate at 2:17 of overtime and — after a review for offsides on the play — the Philadelphia Flyers beat the Ducks 3-2 on Wednesday night.

The Pacific Division-leading Ducks forced overtime on Leo Carlsson’s goal with 1:54 left in regulation.

Dan Vladar made 34 saves to help Philadelphia rebound from a 2-1 shootout loss to Columbus at home Saturday night. The Flyers are six points behind Boston and Detroit for the two Eastern Conference wild-card spots.

Luke Glendening had his first goal of the season and Owen Tippett also scored for Philadelphia. Trevor Zegras was held off the scoresheet in his first game in Anaheim since his offseason trade. He scored twice in Philadelphia’s 5-2 home victory over the Ducks on Jan. 6.

Cutter Gauthier also scored for the Ducks, and Dostal stopped 24 shots. The Ducks beat Montreal 4-3 on Sunday night to finish 2-2 on a Canadian swing.

Ducks defenseman Radko Gudas served the third game of a five-game suspension for kneeing Auston Matthews in a loss at Toronto on March 12. Matthews tore the medial collateral ligament in his left knee and will miss the rest of the season.

Defenseman John Carlson played his second straight game for the Ducks after a trade-deadline deal with Washington. His debut was delayed by a lower-body injury.

Glendening opened the scoring at 2:50 of the first period, his first goal in 57 games this season with New Jersey and Philadelphia. Tippett made it 2-0 at 7:53 of second with his 23rd of the season. Gauthier cut it to 2-1 on a power play with 38 seconds left in second with his 35th goal of the season.

Philadelphia’s Nick Seeler fought Jansen Harkins in the third period.

This season however Liverpool have not had the same luck with injuries as they did last season. They have also consistently struggled to see games out.

After a 1-1 draw against Burnley in January, Virgil van Dijk said: “After 60 minutes, we started to become sloppy and it’s not the first time. We have to address that.”

As positive as Slot’s changes were in his first season, there is a possibility that they were so effective because they were stacked upon the physical base that Klopp had built through an approach that might be considered too strenuous on its own.

For a team to succeed, tactics and the skillset of the squad have to be considered together. Simply put, a team’s style has to suit their players.

Liverpool’s squad overhaul in the summer should have resulted in an improvement on the success of last season. In actuality, it appears now that some of the players Liverpool lost had the necessary traits needed to elevate Slot’s ideas.

Picking specific moments to press is not inherently a bad tactic but it requires aggression and co-ordination throughout the squad.

The tragic loss of Diogo Jota will have undoubtedly impacted Liverpool’s ability to complete an optimal pre-season.

Alongside the sales of Darwin Nunez and Luis Diaz, Liverpool are without three attackers who could press well, often winning the ball high, even if they did not engage as often under Slot, as they did under Klopp.

This season Liverpool’s forward line has not been able to minimise the potential flaws of Slot’s press – often slower to apply pressure, failing to cut out easy passing lanes and not back-pressing to tackle opposition midfielders.

Florian Wirtz’s 86.7 pressures per 90 minutes this season are similar the numbers Jota (104.1) and Nunez (93.6) boasted last season but the likes of Hugo Ekitike (73.3), Alexander Isak (70.0) and an ageing Mohamed Salah are different types of players.

NFL teams are living on the edge.

Sure, it’s a quarterback’s league, but a major focus of the upcoming NFL draft will be about getting to the quarterback. This class is loaded with talented pass rushers, and teams figure to take advantage of that early and often. This mock draft has edge rushers off the board with the second, third and fourth selections.

How appropriate that the April 23-25 draft will be held for the first time in Pittsburgh, birthplace of the Steel Curtain.

The Steelers, incidentally, take a receiver in this mock — and there are lots of talented prospects at that spot, too. This contemplates the Rams selecting USC receiver Makai Lemon, although it’s entirely possible that the sure-handed Trojans star will already be gone by the time the 13th pick rolls around.

The Chargers, meanwhile, take an offensive lineman to address the need that haunted them all last season after they were ravaged by injuries up front.

One look at how the draft could unfold:

1. Las Vegas Raiders: QB Fernando Mendoza (Indiana) — Tom Brady loves him. The Raiders are trying to build something, and this Heisman winner figures to be a cornerstone.

2. New York Jets: Edge Arvell Reese (Ohio State) — Jets had zero interceptions and four takeaways last season, both NFL records, and think Reese has some Micah Parsons qualities.

3. Arizona Cardinals: Edge David Bailey (Texas Tech) — As pass rushers go, the Cardinals have Josh Sweat, who isn’t particularly happy, and a bunch of young guys who have struggled to stay healthy.

4. Tennessee Titans: Edge Rueben Bain Jr. (Miami) — Although they have been collecting defensive linemen, the Titans still need help at the edge. Also could use a supporting cast for Cam Ward.

Notre Dame running back Jeremiyah Love carries the ball against Pittsburgh in November.

(Gene J. Puskar / Associated Press)

5. New York Giants: RB Jeremiyah Love (Notre Dame) — John Harbaugh doesn’t always draft for need, and he loves to pound defenses with a running game. Love is the best in this class.

6. Cleveland Browns: OT Monroe Freeling (Georgia) — The Browns are completely rebooting their offensive line and had hoped to sign Packers free agent tackle Rasheed Walker, instead nabbed by Carolina.

7. Washington Commanders: S Caleb Downs (Ohio State) — The Commanders could use help at virtually every position — everything but QB — and a game-changing defensive back would get a warm welcome.

8. New Orleans Saints: LB Sonny Styles (Ohio State) — Saints might go receiver here, but Saints need a defensive stalwart too. If Love and Downs are gone — as they are in this mock — Styles would be a fit.

9. Kansas City Chiefs: WR Carnell Tate (Ohio State) — The cupboard is bare at receiver with just Xavier Worthy and Jalen Royals, so the Chiefs are desperate for some help there. Not the first time.

10. Cincinnati Bengals: CB Mansoor Delane (Louisiana State) — The Bengals are bringing back virtually their entire offense and have spent the offseason coming up with ways to improve their historically bad defense.

11. Miami Dolphins: WR Jordyn Tyson (Arizona State) — The Dolphins are trading Jaylen Waddle to Denver for another pick, so they immediately address their need for another playmaking receiver.

12. Dallas Cowboys: CB Jermod McCoy (Tennessee) — The Cowboys traded for Rashan Gary, which addressed their need at edge. Here’s a chance to upgrade at corner.

Wide receiver Makai Lemon runs with the ball during USC’s pro day on March 12.

(Kyusung Gong / Associated Press)

13. Rams: WR Makai Lemon (USC) — Having raided Kansas City’s defensive backfield, the Rams can stay put and take a receiver, or maybe trade up for a long-term bookend to Puka Nacua.

14. Baltimore Ravens: G Olaivavega Ioane (Penn State) — The Ravens have an opening at both guard and center, so they turn their attention to the interior of their offensive line.

15. Tampa Bay: Edge Keldric Faulk (Auburn) — The Buccaneers are sorely lacking when it comes to generating pressure off the edge, and Haason Reddick hasn’t been the answer.

16. New York Jets: WR Omar Cooper Jr. (Indiana) — The Jets need a No. 2 receiver to line up opposite Garrett Wilson and command some attention on the outside.

17. Detroit Lions: Edge Akheem Mesidor (Miami) — The Lions need someone they can pair with Aidan Hutchinson to put pressure on opposing quarterbacks, and Mesidor has a lot of potential.

18. Minnesota Vikings: S Dillon Thieneman (Oregon) — Harrison Smith is 37 and the Vikings need to start planning for the future at that position; they need another defensive back.

19. Carolina Panthers: OL Spencer Fano (Utah) — Fano can play all five positions on the offensive line, and that’s awfully enticing for a franchise with an injured left tackle and in need of a center.

20. Dallas Cowboys: LB Jacob Rodriguez (Texas Tech) — Micah Parsons is gone, and the Cowboys allowed 6.1 yards per play last season, second worst in the league. They need help all over.

21. Pittsburgh Steelers: CB Avieon Terrell (Clemson) — A receiver would be nice, but the Steelers can get one later. Terrell gives the Steelers depth and potentially a long-term bookend to Joey Porter Jr.

Miami offensive lineman Francis Mauigoa prepares for a snap against Louisville in October.

(Doug Murray / Associated Press)

22. Chargers: OL Francis Mauigoa (Miami) — With all the problems the Chargers have had cobbling together an offensive line, they need to focus on protecting Justin Herbert.

23. Philadelphia Eagles: S Emmanuel McNeil-Warren (Toledo) — Reed Blankenship, a fixture in Philadelphia’s defense and a QB in the secondary, signed with Houston as a free agent.

24. Cleveland Browns: CB Colton Hood (Tennessee) — The Browns addressed their offense with the sixth pick and now can focus on a defensive position of need. Corner is key.

25. Chicago Bears: CB Chris Johnson (San Diego State) — Tyrique Stevenson is the fourth-most-targeted corner in the league. The Bears need to upgrade at that spot opposite Jaylon Johnson.

26. Buffalo Bills OL Kadyn Proctor (Alabama) — Buffalo wants to run the ball, and Proctor is an outstanding downhill run blocker. He can also move inside and benefit a team that needs interior help.

27. San Francisco 49ers: OT Blake Miller (Clemson) — The 49ers have to plan for their future at both tackle spots. Miller is durable and a particularly adept pass blocker.

28. Houston Texans: OT Caleb Lomu (Utah) — Houston’s offensive line has been a problem for years and that’s not going away. Lomu is young but terrific in pass protection. Good news for C.J. Stroud.

29. Kansas City Chiefs: Edge Cashius Howell (Texas A&M) — Kansas City’s pass rush has declined two years in a row. The Chiefs need help in a lot of areas, but getting to passer is vital.

30. Miami Dolphins: Edge T.J. Parker (Clemson) — The Dolphins have an underwhelming cluster of pass rushers, led by Chop Robinson. They need help pressuring the quarterback so they will be looking for an edge rusher.

31. New England Patriots: TE Kenyon Sadiq (Oregon) — Mike Vrabel has already tipped his hand about his interest in this class of tight ends. Give Drake Maye another weapon at the position.

32. Seattle Seahawks: RB Jadarian Price (Notre Dame) — Two ball carriers from the same college backfield in the opening round? The defending Super Bowl champions need to start reconstructing a backfield.

SACRAMENTO — A corporate tax policy that costs California billions in lost tax revenue each year could be coming to an end as the state struggles to backfill federal cuts and resolve a looming budget deficit.

The proposed legislation, Assembly Bill 1790, would repeal the so-called “water’s edge” tax break, a filing option that allows multinational corporations to exclude the income of their foreign subsidiaries from state taxation.

“The tax bills of the wealthiest, most powerful corporations in the world are at all-time lows,” Assemblymember Damon Connolly (D-San Rafael), one of the primary sponsors of the bill, told The Times. “Meanwhile, we’re struggling to fund programs that feed children — I think everyone understands that now is the time for long-term budget solutions.”

Republican Sen. Roger Niello, vice chair of the Senate Budget and Fiscal Review Committee, said the bill to repeal water’s edge won’t receive support from GOP lawmakers. He said the legislation would lead to double taxation, meaning the same income would be taxed twice by different countries, and compared taxing corporations’ foreign profits to enacting tariffs.

“California already has the reputation of being not particularly business friendly,” said Niello (R-Fair Oaks). “This would really just compound that.”

A spokesperson for Gov. Gavin Newsom did not respond to a request for comment about the governor’s views on the proposal. Newsom, however, has largely shunned new tax increase proposals.

Legislation to increase taxes requires a two-thirds approval vote instead of a simple majority. Democrats in California hold a supermajority in both the Assembly and Senate, meaning the bill could still pass without Republican support, but it would require backing from the progressive and moderate wings of the party.

Kayla Kitson, a senior analyst at the California Budget and Policy Center, said the measure has a decent chance of winning support among moderate Democrats due to the state’s budgetary woes.

“The stakes are really high this year,” she said. “With any tax policy, it’s certainly hard to get folks beyond the progressive community on board, but there are a lot of discussions happening behind closed doors given the challenges that the state knows it’s going to have to deal with in the next few years.”

When filing taxes, a multinational corporation in the United States can currently choose between two methods. Worldwide reporting takes into account all of the corporation’s global profits or losses, while the water’s edge option allows the U.S.-based parent company to exclude the income of foreign subsidiaries. This can help corporations that own profitable foreign companies pay less taxes in the United States.

California is scrambling for solutions as the state is facing an estimated $18-billion budget deficit and fallout from federal cuts that slashed healthcare. A Republican-backed tax and spending bill signed last year by President Trump shifted federal funding away from safety net programs and toward tax cuts and immigration enforcement.

Carl Davis, a research director for the Institute on Taxation and Economic Policy, said the idea is picking up momentum nationwide, with states like Maryland, Minnesota and New Hampshire also considering a repeal in recent years, due to a growing awareness about profit shifting — a loophole in the water’s edge tax break that some corporations use to reduce their tax burdens by shifting profits made in a high-tax country into tax havens.

“Folks are outraged when they hear that these companies are pretending that they are earning their profits in the Caymans or in Switzerland and are skipping out on paying U.S. taxes as a result,” he said. “That feels insulting to a lot of people who are paying the taxes they owe every day.”

During an informational hearing at the Legislature last month, Rowan Isaaks, an economist with the nonpartisan Legislative Analyst’s Office, said the state does not know the extent to which corporations use profit shifting, which makes it impossible to determine exactly how much revenue California would gain by eliminating the water’s edge tax exemption. But he estimated it would bring in “single digit billions” for the state each year.

“While there would be revenue gains, the Legislature also faces a trade-off between broadening the tax base but also managing additional uncertainty,” said Isaaks, explaining it could increase budget volatility because foreign income is more sensitive to global economic conditions.

Issaks added that the Legislative Analyst’s Office has found no strong evidence that companies would flee California if the water’s edge tax break was repealed.

Jennifer Barton, director of the legislative services bureau for the California Franchise Tax Board, told legislators that mandating worldwide reporting wouldn’t be difficult for the state from an administrative standpoint, only requiring some additional outreach or educational efforts.

California Tax Foundation visiting fellow Jared Walczak said that the water’s edge option exists for a reason and that it would be unfair to mandate worldwide reporting. “The vast majority of the activity abroad is true economic activity abroad,” he told lawmakers. “Companies don’t just exist in the United States; they have sales, they have manufacturing, they do things abroad.”

A survey last year from the nonpartisan Pew Research Center found 63% of adult Americans believe large corporations or businesses should pay more in taxes, while 19% want corporate taxes to be lower and 17% believe corporate tax policy should remain the same.

Tech companies appear to be particularly aggressive with profit shifting. Six U.S. multinational corporations — Apple, Cisco, EBay, Facebook, Google and Microsoft — may have underpaid their U.S. corporate income taxes by $277 billion over varying periods from 2009 through 2022, according to a report from the Center on Budget and Policy Priorities.

Repealing the water’s edge tax break isn’t the only tax-related proposal being considered as the state seeks to increase revenue. The Billionaire Tax Act is a controversial proposed state ballot initiative that would levy a one-time, 5% tax on the state’s billionaires to help offset federal cuts. Newsom is among its critics.

Davis believes it will continue to be a hot topic regardless of the bill’s outcome this year.

“There is very good reason to think this [repeal] is going to happen at some point,” he said. “This is a debate that is certainly not going away.”

Australia dismissed India for 198 on day one of the day-night Test in Perth as Alyssa Healy begun her final match as captain of the hosts.

Australia closed on 96-3 in reply, trailing by 102 runs, with Healy – who will retire from all formats after this series – falling for 13 at the Waca.

All-rounder Annabel Sutherland starred with the ball, taking 4-46, while left-arm fast bowler Lucy Hamilton impressed on her Test debut by claiming 3-31.

After losing the toss, India slipped to 107-5 but Jemimah Rodrigues compiled a defiant 52 to prevent her side being skittled.

In reply, Australia openers Georgia Voll (two) and Phoebe Litchfield (nine) both made single-figure scores to leave the hosts 31-2, bringing Healy to the crease.

She started to rebuild alongside Ellyse Perry before picking out Rodrigues at point off Sayali Satghare as the Aussies fell to 58-3.

However, Perry remains unbeaten on 43 and Sutherland is 20 not out as Australia will look to build a first-innings lead on day two of the four-day game.

F1’s technical changes pose challenges for drivers and engineers alike while raising concerns about the quality of racing.

Formula One’s new era ⁠starts at this weekend’s season-opening ⁠Australian Grand Prix, where teams will leap into the unknown and grapple with sweeping technical changes under race conditions for the first time.

F1 has simultaneously overhauled chassis and power unit regulations for the first time ⁠in decades, posing a challenge for drivers and engineers while raising concerns about the quality of racing.

With near-parity between electrical and combustion engines and cars running on 100 percent advanced sustainable fuel, drivers gained some insight into the changes during winter testing. But all ⁠are in the dark about how the reset will play out when going wheel-to-wheel on race day.

“I’m certainly more comfortable now than I was a couple of months ago with how to drive these cars and how to try and get the most out of them,” McLaren’s Oscar Piastri told reporters on Wednesday.

“But I think there’s still the saying of ‘You don’t know what you don’t know.’”

Australian Piastri said McLaren ‌thought they had the cars worked out two months ago, only to find they had “a whole bunch of stuff” they did not understand during winter testing.

With more power generated by electricity than last year’s engines, there is more emphasis on drivers needing to be tactical with energy deployment and regeneration.

The old drag reduction system has been replaced by a new overtake mode, giving extra power for overtaking.

Four-time world champion Max Verstappen described the changes as “like Formula E on steroids” and “anti-racing”.

Formula One Chief Executive Stefano Domenicali defended them and assured fans there will still be plenty of thrills.

The changes may have different effects at ⁠different circuits, leaving all teams to learn on the fly, week by week.

Piastri said Sunday’s race ⁠at Albert Park, a suburb of Melbourne, would probably showcase the more “unnatural” parts of driving.

“You know, a lot more lift and coast, a lot more kind of just driving to maximise the power unit,” he said.

“You’ve got power units that are reducing in power down the straights at different points. And there’s a lot of unknowns, ⁠a lot of challenges in there.”

The new regulations raised hopes of a more open championship and the prospect of a disruptor team emerging to force change at the top. But preseason testing in ⁠Bahrain hinted at a familiar top four, with Ferrari, Mercedes, Red Bull and ⁠McLaren all performing well.

Audi team principal Jonathan Wheatley said the gap between the “best and the rest” might only widen.

“I think it’s going to be a very different year in terms of the competitiveness in the sport,” he told the Reuters news agency. “We’re already seeing the gap between the fastest teams and the slowest teams but larger than it’s been ‌in the last few years.”

Whatever the pecking order, F1 race tracks will be more crowded with the addition of the new Cadillac team although there may be more breathing room at Albert Park, given Aston Martin’s preseason troubles.

Despite the technical guidance of Adrian ‌Newey, ‌who joined from Red Bull, the Honda-powered team completed few laps during winter testing and have reliability problems.

The AMR26 cars will be in Australia – something of a relief for F1 management – but may only race for a few laps before retiring.