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Their top objective is to extend the 2017 Trump tax law and prevent $3.3 trillion in tax breaks from expiring at the end of 2025. The reconciliation process bypasses the Senate's 60-vote threshold for most bills, requiring just a majority vote to pass a tax- and spending package once per fiscal year. Sen. Tommy Tuberville, R-Ala., said the GOP is “100%” committed to extending the Trump tax cuts but with “some deviations” from existing law. I’ve heard more than three people [in the House] say that they won’t vote for a tax package that’s not fully offset. “And then we can sit down and work through some areas that we might find agreement on for a second reconciliation bill, as well.”

Persons: Donald Trump, Trump, Joe Biden’s, “ I’ve, ”, Steve Scalise, “ We’ve, They’ll, Sen, Thom Tillis, Brad Schneider, “ They’ve, Tommy Tuberville, Jason Smith, Smith's, Tuberville, John Barrasso, Jim Jordan, ” Jordan, Scalise, ” Sen, John Cornyn, Rick Scott, I’ve, “, Biden, Shelley Moore Capito, Dusty Johnson, Tillis, ” Tillis, Democrats shouldn’t, Mike Rounds, “ Let’s Organizations: WASHINGTON, Democratic, GOP, Trump, Republicans, “, Senate, New Democrat Coalition, ”, Social Security, Medicaid, Environment, Public, Finance, Democrats, American, House Republicans Locations: Ohio, ”, Texas, California's 13th

Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.

Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, — Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,

☆ 7 ways a Trump administration could affect your finances
▼ + stars: | 2024-11-16 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Here are seven ways a Trump administration could affect your personal finances. During Trump’s first term, the 2017 Tax Cuts and Jobs Act temporarily expanded the child tax credit from $1,000 to $2,000. “He will deliver.”TaxesThe Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. The Trump administration wants to “promote choice and competition” and make health care more affordable, according to his policy platform. The Trump administration will likely cut red tape to encourage business and real estate developments.

Persons: Donald Trump, he’d, Trump, JD Vance, Maria Castillo Dominguez, —, Karoline Leavitt, Vance, “, ” Leavitt, Alan Auerbach, Social Security Trump, Biden, Berkeley’s Auerbach, Joe Biden’s, ” Auerbach, “ They’re, ”, Trump’s, Auerbach, Sarah Lueck, ” Trump Organizations: CNN, Social Security, Jobs, Valoria Wealth Management, Trump, Urban, Brookings Tax, Tax, UC Berkeley, Center, enrollees, Republicans, Public, Consumer, National Retail Federation, Health, Republican, Center for Budget, Medicare, it’s, Housing

WASHINGTON — When President Joe Biden relinquishes power in January, some parts of his legacy will be secure, while others may be undone by President-elect Donald Trump and a new Republican-controlled Congress. The pieces of Biden’s legacy go into four buckets. But it will be difficult for Trump to undo bipartisan legislation, such as measures about infrastructure and preventing gun violence, and the judges Biden appointed can’t be unseated. Biden’s immigration orders are ripe for Trump to target after he ran on a platform of mass deportations and clamping down on border security. Bipartisan Biden-era bills (largely safe)The parts of Biden’s legacy that will be relatively safe are the bipartisan laws he passed, which are subject to filibusters and therefore give Democrats the power to protect them.

Persons: WASHINGTON, Joe Biden relinquishes, Donald Trump, Trump, Biden, can’t, they've, Roe, Wade, Sen, Kevin Cramer, ” Cramer, Kamala Harris, Thom Tillis, they’ve, ” Sen, Shelley Moore Capito, Tommy Tuberville, “, ”, Ben Cline, John Thune, they’ll, Angus King, It's, ” King, Ketanji Brown Jackson Organizations: Republican, Trump, Democrats, NBC News, GOP, Biden, American, Finance Committee, Public, Republicans, Postal Service, Democratic Locations: U.S, South Dakota, Maine, Pennsylvania

☆ White House races to dole out funding from key legislation before Trump takes office
▼ + stars: | 2024-11-11 | by ( Arlette Saenz | ) edition.cnn.com time to read: +8 min

CNN —The White House is racing to dole out remaining funds appropriated from key legislation President Joe Biden signed before President-elect Donald Trump takes office in 10 weeks. The implementation efforts reflect one slice of how the Biden administration is working to shore up key initiatives as the second Trump presidency approaches. Speaking to reporters on Monday, the first official day at COP29, Podesta said the Biden administration is “fully committed” to obligating outstanding funding under Biden’s climate law, the Inflation Reduction Act. About $103 billion in Inflation Reduction Act funding, which makes up 92% of the law’s total, has been announced as of late October. While Trump has criticized the CHIPS legislation as “so bad,” it has enjoyed bipartisan support because the plans could create jobs and infuse money into local communities.

Persons: Joe Biden, Donald Trump, Biden, Trump, ramping, White, Natalie Quillian, “, ”, ” Quillian, John Podesta, Podesta, it’s, ” “, Andrew Harnik, Mike Johnson, he’d, Betsy Klein, Ella Nilsen Organizations: CNN, Commerce Department, Law, White House, White, UN, Act, House Republicans, American, Congress, Trump, Semiconductor, The Commerce Department, Polar Semiconductor, Intel, Micron Technology, Samsung, Taiwan Semiconductor Manufacturing Company, Commerce, Louisiana Republican Locations: Ukraine, America, Baku, Azerbaijan, COP29, ”, Washington , DC, New York, Corning, Pennsylvania, Minnesota, Louisiana

Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.

Persons: —, Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington

Millions of Americans risk losing subsidies next year that help them pay for health insurance following President-elect Donald Trump’s election win and Republicans’ victory in the Senate. Even Democratic control of the House likely won’t save the subsidies, he added. As of Thursday afternoon, House Republicans had won 209 seats, just nine short of the majority, according to an NBC News tracker. In 2024, more than 20 million people got health insurance through the ACA, according to the Centers for Medicare and Medicaid Services. “This means fewer people will know their rights under the law and many will not sign up for ACA health care plans.

Persons: Donald Trump’s, —, Trump, Chris Meekins, Raymond James, “, ”, Meekins, Cynthia Cox, Cox, ” Cox, Lawrence Gostin, ” Gostin, Gostin Organizations: Republicans ’, Senate, American, Republicans, White House, GOP, HHS, NBC, Centers, Medicare, Services, Congressional, Trump, CBO, Congress, O’Neill Institute for National, Global Health Law, Georgetown University, ACA Locations: Southern, KFF

☆ Maccabi/Ajax: Israeli soccer fans attacked in Amsterdam, Israeli authorities say
▼ + stars: | 2024-11-07 | by ( Edward Szekeres | ) edition.cnn.com time to read: +2 min

CNN —Israeli soccer fans were attacked in a “serious incident of violence in Amsterdam” overnight into Friday, Israeli authorities said, with the government saying it was sending planes to evacuate affected citizens. Social media video shared by the embassy showed videos of what it said was violence against Maccabi fans. Israeli foreign minister Gideon Sa’ar said 10 citizens were injured and advised citizens to stay in their hotels. Maccabi fans had been in the Dutch capital ahead of Thursday night’s Europa League game against Ajax. The police also said a demonstration was planned on Thursday near the stadium ahead of the soccer match between Ajax and Maccabi Tel Aviv.

Persons: Gideon Sa’ar, ” Sa’ar, Benjamin Netanyahu, ”, “ Organizations: CNN, Israel’s Maccabi Tel Aviv soccer team, Europa League, Dutch, Ajax, Maccabi fans, Maccabi, Palestinian, Maccabi Tel Locations: Amsterdam ”, United States, ”, Maccabi Tel Aviv

☆ A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.
▼ + stars: | 2024-11-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Reno Mayor Hillary Schieve says city leaders should cut regulations that stymie construction. AdvertisementThe mayor of Reno, Nevada, argues that the single best thing city leaders can do to help solve one of the country's worst housing shortages is to loosen regulations on housing construction. As mayor, Schieve has celebrated the new jobs and the growth of arts and culture in Reno and its surroundings. Under Schieve, Reno has loosened some of its regulations by allowing for more density, reducing parking requirements, and cutting fees. Schieve, the former chairwoman of the US Conference of Mayors, said Reno's rules regarding affordable housing construction are relatively lenient.

Persons: Hillary Schieve, —, There's, Schieve, Alex Horowitz, Tesla, she's, Joe Biden, Biden, Adrianne Todman, Donald Trump's, We've, we've, Vance, That's, Trump, Kamala Harris Organizations: Reno, Service, Apple, US, of Mayors, White Locations: Nevada, Reno , Nevada, Reno, Las Vegas

☆ How the cost of childcare is expected to change under Trump or Harris
▼ + stars: | 2024-11-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Former President Donald Trump and Vice President Kamala Harris have both talked about the importance of making childcare more affordable. Below are three elements of the childcare equation and what the Harris and the Trump camps have either proposed or already done. Child tax creditsTrump and Harris have both proposed expanding the child tax credit, which currently provides up to $2,000 per child. Harris' child tax credit policy would restore the enhanced pandemic-era credit, giving parents up to $3,600 annually per child, with the amount dependent on a child's age and family income. The US's pandemic-era child tax credit expired at the end of 2021 because Republicans in Congress opposed it.

Persons: Harris, Trump, —, Donald Trump, Kamala Harris, Joe Biden's, Grant —, Anne Hedgepeth, Cindy Lehnhoff, Vance, hasn't Organizations: Service, Business, Child Care, Child Care Association, Budget

☆ Can Harris’s Economic Plans Sway Small Business Owners to Vote Democratic?
▼ + stars: | 2024-10-28 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +1 min

Presidential campaigns often use the backdrop of small businesses — record stores, diners, machine shops — to emphasize their candidates’ authenticity and hometown values. In speeches and ads, Vice President Kamala Harris has sought to infuse entrepreneurship into her brand — an avowed capitalist, but for the little guy. Her economic policy platform mentions “small business” 77 times, including a section aimed at addressing owners’ needs, such as easing licensing requirements and funneling more federal contracts their way. Ms. Harris’s focus on small business isn’t completely new. She also took on the issue as vice president, visiting businesses to hand out billions of dollars in loans funded by the American Rescue Plan Act.

Persons: Kamala Harris, Donald J, ” Regina Shelton — Organizations: Gallup, Pew, American, — Locations: Berkeley, Calif

☆ What Harris and Trump are proposing for the economy
▼ + stars: | 2024-10-27 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +21 min

CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.

Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest

☆ Biden expected to apologize for federal government’s role in Indian boarding schools
▼ + stars: | 2024-10-24 | by ( Arlette Saenz | ) edition.cnn.com time to read: +5 min

CNN —President Joe Biden is expected to issue an apology to the Native American community for the federal government’s role in the abusive Indian boarding schools that forced Native American children to assimilate over a 150-year period, two sources familiar with the plans said. “The federally-run Indian boarding school system was designed to assimilate Native Americans by destroying Native culture, language and identity through harsh militaristic and assimilationist methods,” the White House said Thursday. In 2021, Interior Secretary Deb Haaland, the first Native American to serve as a Cabinet secretary, commissioned the Federal Indian Boarding School Initiative to review the impact of the federal boarding school policies. The department issued a final report this summer confirming at least 973 Native American children died while attending these federal boarding schools. At least 18,000 children were taken from their families and forced to attend more than 400 Indian boarding schools across 37 states or then-territories between 1819 and 1969.

Persons: Joe Biden, “, ” Biden, Biden, Deb Haaland, –, ” Haaland, Harris, Stephen Lewis, ” Lewis, Lewis, Whitney Gravelle, Rodney Butler, Gena Kakkak, Jill Biden, Kamala Harris ’, Donald Trump Organizations: CNN, Indian Nations, Gila Crossing Community School, Washington Post, Federal Indian Boarding School Initiative, Department, Biden, Bay Mills Indian Community, Pequot Tribal, Air Force, White, American, Plan Locations: Gila, Phoenix, Indian, American, Bay Mills, Menominee, Arizona

The September jobs report came in stronger than expected, with 254,000 jobs added. AdvertisementThe latest jobs report might be just what Vice President Kamala Harris needs. The latest jobs report could change that — taking away some of former President Donald Trump's ammunition to hammer Harris on the economy. AdvertisementRecent days have included not only a stellar jobs report but also the end for now of the dockworkers' strike at East Coast ports. "With today's report, we've created 16 million jobs, unemployment remains low, and wages are growing faster than prices," the statement said.

Persons: Kamala Harris, Trump, Harris, Biden, —, Joe Biden, Donald Trump's, Matt Colyar, Colyar, Pew, leaners, they're, we've, Labor Julie Su, We've, we're Organizations: Service, Moody's, University of Michigan's, Consumers, Pew Research Center, Democratic, Republican, The New York Times, Siena College, Pew Research, Labor Locations: East Coast

☆ Massive East Coast port strike: five things to know
▼ + stars: | 2024-10-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

New York CNN —A massive port strike along the East and Gulf Coasts that kicked off on Tuesday has the potential to become one of America’s most disruptive work stoppages in recent times. Here’s the latest information you need to know about the port strike. People are panic-buying toilet paper, reports on social media show, displaying empty store shelves where toilet paper and sometimes paper towels used to be. Unlike toilet paper, bananas go bad, so shippers weren’t able to ship large volumes in advance of strikes. On Wednesday, Biden starkly warned against the “man-made disaster” caused by the ongoing port strike and urged the two sides to come to an agreement to avoid significant economic impacts.

Persons: ”, Harold Daggett, Dockworkers, USMX, Biden, Joe Biden, Taft, Hartley, “, ” Biden, Kamala Harris, didn’t, Donald Trump’s, Trump, Kamala Harris ’, Joint Base Andrews, “ We’re, Betsy Klein, Allison Morrow, Chris Isidore, Vanessa Yurkevich, Kayla Tausche, Arlette Saenz Organizations: New, New York CNN, Gulf Coasts, International Longshoremen’s Association, United States Maritime Alliance, CNN, ILA, Anderson Economic, American Farm Bureau Federation, Democratic, ”, NLRB, American, Wednesday, Joint Base Locations: New York, East, USMX, Maine, Texas, Canada, Mexico, Taft, America

☆ Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits
▼ + stars: | 2024-10-02 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

When buying healthcare coverage through the ACA marketplace, people can qualify for premium tax credits, which aim to make health insurance payments more affordable. According to KFF, these enhanced subsidies or premium tax credits caused a surge in enrollment in the ACA marketplace. AdvertisementThe election could shape the future of enhanced premium tax creditsThe November election could determine the future of the enhanced subsidies. The Congressional Budget Office estimates that the premium tax credits will cost taxpayers $335 billion over the next 10 years. Do you qualify for enhanced premium tax credits Please reach out at jtowfighi@businessinsider.com.

Persons: KFF, —, Kamala Harris, Donald Trump, Cynthia Cox, Sen, Jeanne Shaheen, Tammy Baldwin, Lauren Underwood, We've, Cox, Claire Heyison, CBPP, Harris, that's Organizations: Service, Affordable, American, Senate, Cox, ACA, Budget, Trump, Republican, Congressional, Reuters Locations: enrollees, KFF . Florida, Texas, Georgia, North Carolina, Washington

☆ The future of Obamacare hangs on a few seats in Congress. Here's what could happen next
▼ + stars: | 2024-10-01 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

"I'm not running to terminate the ACA," former President Donald Trump wrote in a Truth Social post in March. That is, unless he could "come up with a plan that's going to cost our people, our population, less money and be better health care than Obamacare." Around 60% of Americans hold a favorable opinion of the 2010 health care law, a recent KFF poll found. The Harris campaign released a report on Monday that paints a dire picture of health care under a hypothetical Trump administration. The average ACA plan deductible, or amount a person must spend before their coverage kicks in, was over $3,000 in 2024, with some plan deductibles exceeding $7,000, KFF found.

Persons: Charles Schumer, Hakeem Jeffries, Chip Somodevilla, Donald Trump, Trump, Barack Obama's, Cynthia Cox, Cox, they'll, Harris, it's, Joseph Costello, " Costello, Joe Raedle, Deductibles, KFF, Sabrina Corlette, Georgetown University's, Mark Duggan, Wayne, Jodi Cooperman, they're Organizations: Affordable, U.S, Capitol, Senate, Obamacare, American, ACA, Cox, Leading Insurance Agency, Democratic, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Stanford University, Republicans, Congressional, Office, KFF Locations: Washington ,, KFF, Miami , Florida, Texas , Wyoming, Florida

☆ Universal basic income pros and cons —according to experts
▼ + stars: | 2024-09-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +13 min

BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.

Persons: —, Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon

The Teamsters on Wednesday declined to endorse a candidate for president, the first time in decades that the union hasn't backed a candidate in the presidential election. It found that almost 60% of rank-and-file union members preferred to endorse Trump, while 34% backed Harris, according to an electronic member poll. The law forced union workers to accept a union contract that had been brokered by the Biden administration. The union endorsed Biden in 2020. The AFL-CIO, which represents dozens of unions and millions of workers, and the United Auto Workers union have each endorsed Harris.

Persons: Sean O'Brien, Donald, Trump, Kamala, Harris, Joe Biden, John Palmer, Biden, Hillary Clinton, Barack Obama, John Kerry, Al Gore, Karoline Leavitt, Lauren Hitt, “, ” Hitt, James P, Hoffa, ” Biden Organizations: Teamsters, Big, Trump, Democratic, American, Central, International Association of Fire Fighters, AFL, CIO, United Auto Workers Locations: America, Alabama, Central States, Michigan

☆ Progressives aren't quite sure how to deal with Jill Stein
▼ + stars: | 2024-09-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

The New York progressive was asked how to convince people who supported Green Party presidential candidate Jill Stein that they were "wasting their time and effort." "You are the leader of your party," Ocasio-Cortez said of Stein, who's running for president for the third time this year after mounting bids in 2012 and 2016. In interviews at the Capitol last week, they ranged from conciliatory to critical when the topic of the Green Party arose. Rep. Greg Casar of Texas even confessed that the Green Party "hasn't been something that's crossed my mind a lot." AdvertisementRep. Becca Balint of Vermont charged that candidates like Stein and West are "ego driven" and "not reading the room."

Persons: Alexandria Ocasio, Cortez, Jill Stein, Stein, who's, It's, it's, she's, Trump, She's, Ocasio, Jill Stein hasn't, Donald Trump's, There's, Cornel West, Ro Khanna, Jamaal Bowman, Bowman, there's, That's, Ilhan Omar, Instagram, M1wMHDqdtH — bryan metzger, Stein's, Joe Biden, Progressives weren't, they've, Kamala Harris, who've, — Bowman, Cori Bush, Missouri —, Sen, Bernie Sanders —, Hillary Clinton's, Harris, Greg Casar, Becca Balint, Vermont, Balint Organizations: Service, Green Party, Business, Democratic Party, Democratic, Greens, Pelosi, American, Progressives, AIPAC, Council, Islamic Relations, Lawmakers, Green, Capitol Locations: Alexandria, York, Russia, Ocasio, Gaza, Israel, Michigan , Wisconsin, Pennsylvania, Wisconsin , Michigan, North Carolina, California, Chicago, Minnesota, Missouri, Dearborn , Michigan, Texas, West

☆ Biden to announce new efforts to curb gender-based violence
▼ + stars: | 2024-09-12 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

President Joe Biden on Thursday will commemorate the 30th anniversary of the Violence Against Women Act by announcing new efforts to curb gender-based violence, senior administration officials said. Klein said the Department of Housing and Urban Development on Thursday will also announce a new office targeting gender-based violence that will help survivors get secure housing and economic stability. The initial legislation, which was passed through a bipartisan crime bill in 1994, included the first National Domestic Violence Hotline. Biden's American Rescue Plan also included investments targeting gender-based violence. The Family Violence Prevention and Services Act program reported that roughly $1 billion in supplemental funding has supported 252 tribes, 1,500 domestic violence programs and 1,400 sexual assault programs.

Persons: Joe Biden, Biden, Jennifer Klein, Klein Organizations: Council, Justice Department, The Justice Department, Department of Housing, Urban, Prevention

☆ What you need to know about Kamala Harris' 'opportunity economy'
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +7 min

Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.

Persons: —, Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina

☆ Nearly a million more children fell into poverty last year. Both presidential campaigns want to give parents money to fix that.
▼ + stars: | 2024-09-10 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewMore children fell into poverty last year — and it could signal a major issue for both candidates as the presidential election heats up. But child poverty rose faster than that, from 12.4% to 13.7%. "The effectiveness of such a policy is evident when one considers the effects of the Child Tax Credit." And with child poverty only worsening, what candidates can deliver for parents might be particularly salient. Is the rise in child poverty and lack of assistance impacting your family?

Persons: —, Steven Durlauf, Joe Biden's, Kamala Harris, Donald Trump's, Joseph Costello, Harris, Walz, JD Vance, Anna Kelly, Kelly, Trump, Adam Ruben, Josh Bivens, they'd Organizations: Service, Business, The University of Chicago, Stone Center for Research, Harris School of Public, Child Tax, Pew Research Center, Economic Security, Census, Economic Policy Institute, jkaplan Locations: U.S

☆ Senate GOP blocks tax bill as Democrats spotlight child tax credit in election-year push
▼ + stars: | 2024-08-01 | by ( Clare Foran | Tami Luhby | ) edition.cnn.com time to read: +6 min

Washington CNN —Senate Republicans on Thursday blocked a bipartisan tax package that would have temporarily expanded the child tax credit and restored some business tax benefits. The Senate tax bill vote also gave Democrats an opportunity to push back against comments from Republican vice presidential candidate Sen. JD Vance of Ohio. Vance has falsely claimed that Vice President Kamala Harris, the presumptive Democratic presidential nominee, is calling to end the child tax credit. Harris has actually called for years to increase the child tax credit. “Democrats do not oppose the Child Tax Credit whatsoever.

Persons: ”, Sen, JD Vance, Ohio, Vance, Kamala Harris, Harris, Chuck Schumer, –, Ohio –, ” Schumer, Jason Smith, Ron Wyden, CNN’s Daniel Dale Organizations: Washington CNN —, Republican, Republicans, GOP, Democratic, Tax, Budget, Center, Oregon Democrat, Taxation Locations: Ohio, Missouri, Oregon, East Palestine , Ohio

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

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