Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
When Republicans in Congress passed a tax scheme to funnel huge amounts of money to America's most wealthy families and to powerful multinational corporations, they said that it was no big deal that this scheme would add $1.5 trillion to America's debt. Republicans said that the massive deficit spending they had created would be worthwhile, because financial elites would get a big payoff.
One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket of the wealthy." And in Kansas, a Democratic candidate for governor says it's "a recipe for disaster" that signals inevitable cuts to popular programs like Social Security and Medicare.
Now that the GOP tax bill sharply limits the deduction for state and local taxes, pre-retirees in high-tax states may ponder: Should I stay or should I go? President Donald Trump said the tax legislation he signed today will get a boost in popularity when Americans begin seeing their paychecks rise in February, and he said he thinks Democrats regret not supporting it. Now that the GOP tax bill sharply limits the deduction for state and local taxes, pre-retirees in high-tax states may ponder: Should I stay or should I go? The final version of the "Tax Cuts and Jobs Act," which was released Friday, places a cap of $10,000 on the deduction filers can take for a combination of state and local income, sales and property taxes.
Thousands of injured or sick workers in the New York City area are spending the holiday season in bureaucratic limbo as they wait to see if they qualify for federal disability payments. They are among more than a million injured or sick workers nationwide whose initial claims for Social Security disability benefits were denied and are now stuck in a monstrous backlog of cases waiting for an administrative law judge to decide their appeal.
One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket of the wealthy." And in Kansas, a Democratic candidate for governor says it's "a recipe for disaster" that signals inevitable cuts to popular programs like Social Security and Medicare.
One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket of the wealthy."
One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket of the wealthy." And in Kansas, a Democratic candidate for governor says it's "a recipe for disaster" that previews inevitable cuts to popular programs like Social Security and Medicare.
The tax reform bill recently passed by Washington lawmakers will be either a boon or a curse when it's signed into law, depending on which side of the aisle is doing the talking. The median combined household income for the 8th District is $53,000 annually, but analysts agreed the bill would cause taxes to go up for most people with incomes under $70,000, he said.
Sen. Marco Rubio, R-Fla., threw the Republican tax bill into chaos last week when he threatened to vote against it if it didn't include a more robust tax credit for working families. But by mid-Thursday, GOP leaders had increased the credit by enough to secure Rubio's vote for the bill.
During the Democratic Weekly Address, Representative Mike Thompson argued that a bill as monumental as the GOP tax bill "cannot and should not be jammed through Congress by one party alone." "I'm Congressman Mike Thompson.
The United States is experiencing a drug epidemic the likes of which have not been seen here before. Beginning in the 1990s, doctors began widely prescribing a class of highly addictive pain medications called opioids for patients with mild to moderate pain.
"At the end of the day what you had is people like [Treasury Secretary Steven] Mnuchin, who himself is worth $300 or $400 million dollars, or the president of the United States who is worth several billion dollars, as you mentioned, some 4,000 to 5,000 lobbyists doing everything that they could to write a bill which significantly benefits the wealthiest people in this country and the largest corporations," Sanders said on CBS News' "Face the Nation" on Sunday. Sanders said that Republicans will turn to cutting "Social Security, Medicare and Medicaid" to offset upwards of $1 trillion in lost revenue, a scenario he said was "grossly unfair" to middle class families.
The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans in Congress: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come. A wide range of economists and nonpartisan analysts have warned that the bill will likely escalate federal debt, intensify pressure to cut spending on social programs and further widen America's troubling income inequality.
On AM Joy, Joy Reid and Lawrence O'Donnell discussed how the supposedly deficit-hating Republicans have suddenly learned to love them. "They were looking for something like this, where can we squeeze in a tiny giveaway that goes to another income group, other than the rich," O'Donnell said.
Through a unique confluence of events, Democrat Doug Jones managed to defy the deeply Republican leanings of Alabama and win a special election on Tuesday to represent the state in the Senate. But without an alleged child predator like Republican Roy Moore on the ticket in 2020, Jones will almost certainly have an uphill climb to re-election.
According to Patrick Wilson's article, 5th District Congressman Tom Garrett and 7th District Congressman David Brat do not like the way newspapers are covering the tax debate in Congress.
The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago.
The federal government collected a record amount of tax income for the month of November and also had a record level of spending for the month, producing a budget deficit of $138.5 billion, up slightly from a year ago. The November deficit was 1.4 percent higher than a year ago, reflecting in part higher spending to deal with disaster relief and also higher spending by the Treasury Department on interest payments on the national debt, the Treasury Department reported Tuesday.
Steven Calabresi, one of the Federalist Society's co-founders, in advance of the organization's most recent annual convention last month published a paper advocating that the number of authorized federal appellate judges should be increased greatly in order to rapidly counteract the majorities of Democratic appointees currently found on various federal appellate courts. This proposal is absurd and in all likelihood counter-productive for numerous reasons.