45ae59f6be38e421749b1804ad67ec3f Archive

TweetShareSharePin0 Shares The Affordable Care Act survives another US Supreme Court challenge. The High Court ruled yesterday that Congress did not invalidate the 2010 health insurance law when it repealed  the penalty/ tax on those without insurance. The Court said Republican-led states that sued did not have legal standing to bring the challenge.   Today’s

TweetShareSharePin0 Shares If progressives drive bipartisan infrastructure talks off course, where will they go instead? Politico reports on congressional progressive lawmakers who oppose the current bipartisan infrastructure negotiations. Sens. Jeff Merkley and Ed Markey, joined Sen. Bernie Sanders in opposing the nascent plan and insisting any compromise address climate change. Rep. Pramila Jayapal, leader of

TweetShareSharePin0 Shares Treasury: Tax gap could grow to $7 trillion over ten years. Treasury estimates that the difference between how much Americans owe in taxes and how much they pay will grow to $7 trillion over the next decade. Deputy Assistant Secretary Mark Mazur says a  growing gap results in higher tax rates, and urged

TweetShareSharePin0 Shares TPC shows how Biden’s tax plan would affect different households. TPC projects that in 2022, households making $26,000 or less would receive an average tax cut of about $600. Taxes for low-income families with children would plunge by an average of $3,200. TPC’s Howard Gleckman calls this a feature, not a bug, in

TweetShareSharePin0 Shares Treasury Secretary Janet Yellen: Higher interest rates would be “a plus.” Yellen tells Bloomberg News that President Biden should push his $4 trillion in new spending, even if it  triggers inflation and higher interest rates that persist into next year. “If we ended up with a slightly higher interest rate environment it would

TweetShareSharePin22 Shares G-7 agrees to a 15 percent  minimum corporate tax framework. The group representing seven major industrialized nations backed the concept of a global minimum corporate tax rate of at least 15 percent. Companies would pay that rate regardless of their country of residence.  Some large companies like Amazon, Facebook, or Google, would pay

TweetShareSharePin0 Shares Our kids finish their school year in two weeks. And after a year of instruction that was either remote, in-person, or a mix of both, they look forward to summer vacation and then to September, when public school will feel more “normal.”  But they may have fewer classmates. Here in Michigan, public school