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☆ Texas state lawmaker criticizes 'universal basic income' programs: 'We can't just hand out money like popcorn on street corners'
▼ + stars: | 2024-02-04 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

A Texas state senator said a Texas-based basic income plan will "hand out money like popcorn." State Sen. Paul Bettencourt asked the state attorney general to declare it unconstitutional. Bettencourt's request came on the same day that the program — called Uplift Harris — started taking applications. The Uplift Harris program plans to provide eligible households in Harris County, which includes Houston, $500 a month for up to 18 months. "We just can't hand out money like popcorn on street corners to people that walk by," Bettencourt told Fox.

Persons: Sen, Paul Bettencourt, —, State Sen, Harris —, Bettencourt, Fox, Harris, Menefree, Bettencourt's Organizations: Service, Republican, American, Plan, Houston Chronicle, Fox News, Texas, Houston Public Media Locations: Texas, Houston, State, Harris County, Harris

☆ Connecticut says it will become first state to cancel medical debt for many residents
▼ + stars: | 2024-02-02 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

CNN —Connecticut will cancel roughly $650 million in medical debt for an estimated 250,000 residents this year, Gov. More than 1 in 10 Connecticut residents have medical debt in collections. New Jersey included $10 million in its most recent budget to fund a pilot program to cancel residents’ medical debt, and Gov. Medical debt is now the largest source of debt in collections, totaling more than credit cards, utilities and auto loans combined, according to the White House. And the Consumer Financial Protection Bureau and the Biden administration are also considering ways to minimize the burden of medical debt.

Persons: Ned Lamont, Lamont, ” Lamont, “ It’s, Phil Murphy, ” Murphy, Jessica Hill, Allison Sesso, Biden Organizations: CNN, Gov, Connecticut Gov, New, New York City, Black, Third, Financial Protection Bureau Locations: Connecticut, Covid, New Jersey, New York

☆ House passes child tax credit expansion — which could benefit millions of families, experts say
▼ + stars: | 2024-02-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

J_art | Moment | Getty ImagesHouse lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children in low-income families, according to policy experts. If enacted, the bill would expand access to the child tax credit, or CTC, and retroactively boost the refundable portion for 2023, which could affect taxpayers this filing season. The child poverty rate "precipitously dropped" during the 2021 child tax credit expansion, Hamilton said. Modeling a permanent version of the 2021 child tax credit increase, the report projects higher graduation rates and future earnings for childhood child tax credit recipients. Nikhita Airi Research analyst at the Urban-Brookings Tax Policy Center

Persons: Chuck Marr, Marr, Steven Hamilton, Hamilton Organizations: Images, Center, Budget, Urban, Brookings Tax, The George Washington University, Rescue Plan, Columbia University, . Census, CTC, Urban Institute, Modeling, Airi

☆ Democratic Senate candidate Tammy Murphy backs removing filibuster after saying she hadn't 'given it much thought'
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Read previewTammy Murphy, a leading Democratic candidate for Senate in New Jersey, is endorsing the removal of the Senate's "filibuster" rule. Under Senate "filibuster" rules, 60 votes are required to advance most legislation. This story is available exclusively to Business Insider subscribers. His campaign did not respond to a request for comment on Tuesday about whether he supports removing the filibuster. AdvertisementIn 2021 and 2022, Democratic opposition to the came to a fiery head, with Democratic Sen. Joe Manchin of West Virginia and then-Democratic Sen. Kyrsten Sinema of Arizona staunchly opposing changes to the rule.

Persons: —, Tammy Murphy, Tammy, Alex Altman, Murphy —, Phil Murphy —, Murphy, Andy Kim, Sen, Bob Menendez, Kim, It's, Democratic Sen, Joe Manchin, Kyrsten, Roe, Wade, Manchin Organizations: Service, Democratic, Senate, Business, New York Magazine, Rep, Democratic Senate, White, American, Infrastructure Law, Communities, Republican Locations: New Jersey, West Virginia, Arizona, Ohio, Montana

The total for the latest open enrollment period marks a 30% increase from a year ago, based on past enrollment figures published by the health policy research organization KFF. Officials said the figures include 5 million new signups and more than 16 million people with 2023 ACA plan coverage. West Virginia, which has expanded Medicaid, saw the largest percentage increase in enrollment at 80%. “Marketplace coverage is very important to those in those states whose incomes are under 138% of poverty,” says Sara Collins, vice president for health care coverage and access and tracking health system performance for The Commonwealth Fund. “It is a reflection of the lack of Medicaid expansion in those states.”An analysis by KFF notes ACA health plan enrollment has increased each year during the Biden administration.

Persons: It’s, Xavier Becerra, “, ”, Sara Collins, KFF, Biden, Donald Trump, Trump, Cynthia Cox, Cox, signups, ” Cox, Collins, ” Collin Organizations: Biden, “, Social Security, Affordable, ” Department of Health, Human Services, District of Columbia, Commonwealth Fund, American Locations: Texas, enrollees, Florida, West Virginia, signups

It said China plans to tap offshore funds held by Chinese state-owned enterprises and also local funds. Elsewhere in Asia, South Korea's Kospi rose 0.6% to 2,478.61 and Australia's S&P/ASX 200 added 0.5% to 7,514.90. ADM also said it expects to report profit for the full year of 2023 that’s below what analysts were forecasting. That in turn has relaxed the pressure considerably on the stock market and helped it to rip higher. In other trading, U.S. benchmark crude oil rose 9 cents to $74.85 per barrel in electronic trading on the New York Mercantile Exchange.

Persons: Seng, Tan Boon Heng, “, ” Tan, Sunoco, Archer Daniels Midland, Tesla Organizations: Bloomberg, Mizuho Bank, Nikkei, Bank of Japan, U.S ., Dow Jones, Nasdaq, Technologies, NuStar Energy, ADM, American Airlines, Intel, Procter, Gamble, Federal Reserve, Treasury, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong Kong, Shanghai, Beijing, China, South, U.S

☆ Yellen to step up campaign touting Biden's economic record
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. The Biden administration is dispatching U.S. Treasury Secretary Janet Yellen to Chicago and Milwaukee this week as part of a stepped-up domestic travel schedule to sell Americans on the benefits of President Joe Biden's economic policies. Yellen will make the case in remarks to the Economic Club of Chicago on Thursday that the pandemic recovery was faster, fairer and more transformative than previous economic recoveries, the Treasury said late on Sunday. Yellen has previously touted Biden's investment legislation, taking trips to North Carolina and Boston in recent weeks, but has avoided direct comparisons with former President Donald Trump. After her speech in Chicago, Yellen will travel to Milwaukee on Jan. 26 to visit a worker training facility, partly funded by Biden's $1.9 trillion COVID-19 relief law, the American Rescue Plan Act.

Persons: Joe Biden, Janet Yellen, Gina Raimondo, Biden, Joe Biden's, Yellen, Donald Trump, Trump, Nikki Haley Organizations: White House, U.S, Treasury, Economic, of Chicago, Trump, Trump Administration, United Nations, University of, Biden's, American Locations: Washington ,, Chicago, Milwaukee, North Carolina, Boston, New Hampshire

☆ People are using cash transfers like basic income to pay rent, and it shows just how badly a housing-crisis solution is needed
▼ + stars: | 2024-01-21 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

And a growing number of people who are eligible for government housing assistance aren't getting it. But unlike other government benefits like Medicaid and food stamps, housing aid doesn't automatically go to those who need it. And across 31 pilot basic income programs , recipients spent an average of about 9.2% of their payments on housing and utilities. AdvertisementThe amount that the federal government spends on its housing assistance programs, mainly Housing Choice Vouchers and public housing, is determined by Congress each year. "Housing support across America is very fractured and variable," said Sean Kline, director of Stanford's Basic Income Lab.

Persons: —, doesn't, Matt Desmond, Chris Herbert, Ulbrich, Matt Turner, hasn't, Sean Kline, Matthew Fowle, Fowle, Kline, Herbert Organizations: Service, Homelessness, Business, Urban Institute, Assistance, Columbia University's, Poverty, Princeton, Harvard Joint Center for Housing Studies, Economic, Congress, Harvard, The New York Times, Department of Housing, Urban Development, Philadelphia Housing Development Corporation, University of Pennsylvania, UPenn's Housing Locations: Washington ,, San Francisco, Davos, America, Philadelphia

☆ Texas senator says the plan to give poor residents a $500 guaranteed basic income is unconstitutional
▼ + stars: | 2024-01-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Guaranteed basic income is similar to universal basic income except it targets a particular group. Similar programs to the one in Harris County are being adopted in cities all over the country. The Uplift Harris program plans to provide eligible households in Harris County, which includes Houston, $500 a month for up to 18 months. "They are not a Home Rule city," Bettencourt told Houston Public Media. Uplift Harris provides guaranteed basic income to households in the zip codes with the highest poverty rates in Harris County, according to the program's website.

Persons: —, Sen, Paul Bettencourt, Harris —, Bettencourt, I've, Harris County Attorney Christian Menefee, Menefee Organizations: Service, Business, American, Plan, Houston Chronicle, Houston Public Media, Harris, Harris County Attorney Locations: Texas, Houston, Harris County

But I believe seeing where we are today vindicates the approach we took,” Yellen said in the prepared remarks. As President Joe Biden seeks reelection, he is trying to convince voters who are gloomy about the economy that inflation is under control and the economy is strong. An October AP-NORC poll stated that roughly three-quarters of Americans described the nation’s economy as poor. At the mayors' conference, Yellen planned to say the Biden administration's COVID-19 spending benefited states and local governments — and that had the administration’s response been smaller the U.S. economy could be worse off. Waller said inflation was slowing even as growth and hiring remain solid, a combination that he called “almost as good as it gets.”___Follow the AP's coverage of Treasury Secretary Janet Yellen at https://apnews.com/hub/janet-yellen.

Persons: Janet Yellen, “ vindicates, “, Yellen, ” Yellen, Biden, Joe Biden, Biden administration's COVID, Christopher Waller, Waller, janet, yellen Organizations: WASHINGTON, —, Democrats, U.S . Conference, Mayors, Washington , D.C, Republican, Associated Press, NORC, for Public Affairs Research, Federal Reserve Locations: U.S, Washington ,

☆ A bipartisan group of lawmakers' plan to boost the child tax credit for parents would help 'hundreds of thousands of kids get out of poverty,' a top economic official says
▼ + stars: | 2024-01-17 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A bipartisan group of lawmakers proposed boosting the child tax credit for parents. The White House told BI that Biden is committed to fighting "for the full expanded Child Tax Credit." AdvertisementA bipartisan proposal to boost the child tax credit for parents appears like it might be on track to get the White House's stamp of approval. "We're very supportive of expanding the child tax credit," Bernstein said. "So, helping hundreds of thousands of kids get out of poverty, reaching 16 million kids with a more fair child tax credit, that sounds like a really smart idea to us."

Persons: Jared Bernstein, Biden, —, Ron Wyden, Jason Smith, Poppy Harlow, White, Bernstein, Joe Biden, hasn't, it's, Michael Kikukawa, Wyden, Smith's, Kikukawa, Democratic Sen, Sherrod Brown, GOP Sen, Mike Crapo Organizations: White House, Service, Democratic, Republican, Tax Relief, American Families and Workers, White House Council, Economic Advisers, American, Budget, Child, GOP

☆ Congress announces tax deal to expand child tax credit and revive breaks for businesses
▼ + stars: | 2024-01-16 | by ( Sahil Kapur | Kate Santaliz | ) www.cnbc.com time to read: +3 min

WASHINGTON — Senior lawmakers in Congress announced a bipartisan deal Tuesday to expand the child tax credit and provide a series of tax breaks for businesses. The deal, details of which were reported earlier by NBC News, would enhance refundable child tax credits in an attempt to provide relief to financially struggling and multi-child families. Democrats had demanded a larger child tax credit after an earlier version they passed for less than one year expired, causing child poverty to fall and then rise again after it lapsed. And Republicans were motivated to revive some expired portions of the 2017 Trump tax cuts for businesses. Wyden has said he hopes to pass the deal by the beginning of tax filing season, which is Jan. 29.

Persons: Cara Baldari, Evie, Sarah Orrin, Vipond, Otto, Jason Smith, Ron Wyden, Smith, " Wyden, Wyden, That's Organizations: D.C, U.S, Capitol, WASHINGTON —, Congress, NBC News, American Locations: China

☆ A bigger tax break for parents and companies is getting closer to becoming a reality
▼ + stars: | 2024-01-10 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

Read previewThere might be welcome tax news for parents and businesses soon — if legislators are finally able to wrangle a deal. "We've made a substantial kind of progress," Wyden told Semafor. AdvertisementRyan Carey, a spokesperson for Wyden, told BI last week that discussions were "ongoing" and "productive." At the same time, Democrats have been pushing for some renewal of pandemic-era expansions to the Child Tax Credit that expired in December 2021. Wyden told Semafor that he'd want the package in front of President Joe Biden by January 29, when filing season begins.

Persons: —, Ron Wyden, Jason Smith, Semafor's Joseph Zeballos, We've, Wyden, Semafor, Smith, Ryan Carey, Carey, Spokespeople, Donald Trump's, Joe Biden Organizations: Service, Senate, Democrat, Tax, Business, Senate Finance, Child Tax, American, Child, ARP CTC

Signage is seen for British utility company Thames Water at a repair site in London, Britain, June 28, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Dec 5 (Reuters) - Thames Water, Britain's biggest water utility, is proceeding with a three-year turnaround plan, it said on Tuesday, adding it had a high level of liquidity and the support of investors, as it seeks to ease concern over its financial stability. Thames Water's environment record has also come under scrutiny. "Our shareholders support this much needed investment, underscoring their commitment to delivering Thames' turnaround." Robert Goodwill, chairman of Britain's environment, food and rural affairs committee, said that he may need to ask Thames Water bosses further questions.

Persons: Toby Melville, Cathryn Ross, Alastair Cochran, Robert Goodwill, Sarah Young, Kate Holton, Barbara Lewis Organizations: Thames, REUTERS, Media, Thames Water, Ontario, China Investment Corp, Thomson Locations: London, Britain, Thames

☆ Treasury’s Hidden Stash of Covid Cash
▼ + stars: | 2023-12-04 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: EV dealers ask Biden where they're supposed to put the glut. Images: AP/Shutterstock Composite: Mark KellyIf you thought Washington’s pandemic-cash bonanza was behind us, keep an eye on the Treasury Department. The Biden Administration made a quiet move late last month to let states spend up to $90 billion of leftover “emergency” money. The rule change pushes back the deadline for states to claim cash from the State and Local Fiscal Recovery Funds, a pandemic aid giveaway that President Biden set up through the 2021 American Rescue Plan Act. Now Treasury plans to give out unspent cash beyond next year, as long as states say what they’ll spend it on by April.

Persons: Biden, they're, Mark Kelly Organizations: Treasury Department, The Biden Administration, State, Treasury

☆ Barclays in talks to buy Metro Bank's mortgage book worth $3.74 bln - Sky News
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsNov 27 (Reuters) - Britain's Barclays (BARC.L) is in exclusive talks to buy embattled lender Metro Bank's (MTRO.L) 3 billion pound ($3.74 billion) residential mortgages portfolio, Sky News reported on Monday. Both Barclays and Metro Bank declined to comment. The report comes after Britain's best-known challenger bank announced a 325 million pound capital raise and 600 million pound debt refinancing in early October, in a bid to bolster its finances. Last month, Santander's (SAN.MC) chief executive officer Hector Grisi had said the Spanish bank may consider looking into acquiring a mortgage portfolio from Metro.

Persons: Peter Nicholls, Britain's, Jaime Gilinski, Hector Grisi, Eva Mathews, Anil D'Silva, Shilpi Majumdar Organizations: Barclays Bank, REUTERS, Britain's Barclays, Metro, Sky News, Barclays, Metro Bank, Separately, Reuters, Thomson Locations: London, Britain, Colombian, Metro, Spanish, Bengaluru

☆ Indian rescuers, two weeks after tunnel collapse, try new tack to reach 41 workers
▼ + stars: | 2023-11-26 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/5] Heavy machinery is used amid rescue operations after workers got trapped in a collapse of an under-construction tunnel, in Uttarkashi, in the northern state of Uttarakhand, India, November 26, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsSILKYARA, India, Nov 26 (Reuters) - Indian rescuers began drilling vertically on Sunday from the top of a mountain under which 41 workers became trapped two weeks ago while working on a highway tunnel in the Himalayas, government officials said. The men, construction workers from some of India's poorest states, have been stuck in the 4.5-km (3-mile) tunnel being built in Uttarakhand state since it caved in early on Nov. 12. But rescuing them will take much longer than previously hoped as rescuers have switched to manual drilling following damage to the drilling machine, officials said on Saturday. Initially, the rescue plan involved pushing a pipe wide enough to pull the trapped men out on wheeled stretchers.

Persons: Francis Mascarenhas, Deepak Patil, Priyanka Chaturvedi, Mayank Bhardwaj, Nick Macfie Organizations: REUTERS, Authorities, Rescuers, Reuters, Sunday, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Manual Drilling Likely in Last Stretch to Rescue 41 Trapped Workers in Indian Tunnel
▼ + stars: | 2023-11-25 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Saurabh SharmaSILKYARA, India (Reuters) - Efforts to rescue 41 workers trapped in a highway tunnel in the Indian Himalayas for two weeks will be further slowed as rescuers are considering drilling through the last 10 meters of debris manually, an official said on Saturday. The machine broke at a joint and some parts are being cut so it can be pulled from the tunnel. Sunita Hembrom, who spoke to her trapped brother-in-law Birendra Kishku, 39, said that "everyone trapped inside is very worried". The rescue plan involves pushing a pipe wide enough to pull the trapped men out on wheeled stretchers. Rescue workers rehearsed the evacuation by going into the pipe and being pulled out on stretchers, a video clip provided by the authorities showed.

Persons: Saurabh Sharma SILKYARA, Sunita Hembrom, Birendra Kishku, Rohit Gondwal, Narendra Modi's, Saurabh Sharma, Krishn Kauhsik, Jacqueline Wong Organizations: Authorities, Reuters Locations: India, Uttarakhand

☆ Manual drilling likely in last stretch to rescue 41 trapped workers in Indian tunnel
▼ + stars: | 2023-11-25 | by ( Saurabh Sharma | ) www.reuters.com time to read: +4 min

The machine broke at a joint and some parts are being cut so it can be pulled from the tunnel. Sunita Hembrom, who spoke to her trapped brother-in-law Birendra Kishku, 39, said that "everyone trapped inside is very worried". A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. The rescue plan involves pushing a pipe wide enough to pull the trapped men out on wheeled stretchers. Rescue workers rehearsed the evacuation by going into the pipe and being pulled out on stretchers, a video clip provided by the authorities showed.

Persons: Stringer, Sunita Hembrom, Birendra Kishku, Rohit Gondwal, Narendra Modi's, Saurabh Sharma, Krishn Kauhsik, Jacqueline Wong Organizations: REUTERS, Authorities, Reuters, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Indian tunnel rescue set to take much longer after drill damaged
▼ + stars: | 2023-11-25 | by ( Saurabh Sharma | ) www.reuters.com time to read: +4 min

Pushkar Singh Dhami, chief minister of Uttarakhand state said on Saturday the damaged drilling machine would be taken out by Sunday morning, allowing manual drilling to start. On Saturday morning the trapped workers, all migrants, were "very worried", said Sunita Hembrom, whose brother-in-law Birendra Kishku, 39, is in the tunnel. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. The rescue plan involves pushing a pipe wide enough to pull the trapped men out on wheeled stretchers. Rescue workers rehearsed the evacuation by going into the pipe and being pulled out on stretchers, a video clip provided by the authorities showed.

Persons: Shankar Prasad Nautiyal, Pushkar Singh Dhami, Syed Ata Hasnain, Sunita Hembrom, Birendra Kishku, Rohit Gondwal, Narendra Modi's, Saurabh Sharma, Krishn Kauhsik, Jacqueline Wong, Mark Potter Organizations: REUTERS, Authorities, National Disaster Management Authority, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ The IRS’s Act of $600 Mercy
▼ + stars: | 2023-11-22 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson, Mary O'Grady and Dan Henninger. Images: AP/AFP/Getty Images/Reuters/Zuma Press Composite: Mark KellyWhile rarely a bearer of good news, the Internal Revenue Service on Tuesday postponed a $600 reporting threshold for payments received via online platforms such as Venmo, eBay and Airbnb . The IRS is doing a favor for itself and President Biden as much as it is for Americans. Readers may recall that the American Rescue Plan Act in March 2021 lowered the threshold for third parties reporting transactions on Form 1099-K to $600 annually from $20,000. Democrats’ goal was to nab Americans who allegedly dodge taxes by failing to report income earned from, say, driving for Uber or renting out second homes on Airbnb.

Persons: Kim Strassel, Kyle Peterson, Mary O'Grady, Dan Henninger, Mark Kelly, Biden, ’ Organizations: Getty, Zuma, Internal Revenue Service, eBay, IRS, American, nab Locations: Airbnb

☆ China puts Country Garden on draft list of builders to support -Bloomberg News
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 22 (Reuters) - China has placed debt-laden Country Garden Holdings Co (2007.HK) on a draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday, citing people familiar with the matter. Country Garden declined to comment. Once China's biggest private property developer, Country Garden missed a coupon payment in October, triggering default terms. It is unclear what specific measures will be taken to support the developers on the draft list.

Persons: Aly, CIFI, Bloomberg, Ting Meng, Nomura, Devika Nair, Xie Yu, Kim Coghill, Clarence Fernandez Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Bloomberg, Ocean Group, CIFI Holdings, Reuters, Wednesday, Regulators, Country, ANZ Bank China, Thomson Locations: Shanghai, China, Beijing, Bengaluru, Hong Kong

☆ IRS postpones rule change on digital payment reporting for small businesses and side hustles
▼ + stars: | 2023-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.

Persons: “, ”, Danny Werfel, –, Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana

REUTERS/Evelyn Hockstein/Illustration Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - The U.S. government on Monday will start taking orders for another round of free COVID-19 tests for delivery across the country, a Department of Health and Human Services (HHS) spokesperson said. Households that had ordered four free tests through COVIDTests.gov when they were offered again in September are eligible to order four more, while those that did not can submit two orders for a total of eight free tests. It resumed offering the tests in December 2022 as cases were surging, and opened another round of orders on Sept. 25 this year. The tests are paid for using COVID-19 supplemental funding from the American Rescue Plan, the HHS spokesperson said. HHS and the Department of Education plan to expand a program that brings tests to schools nationwide over the coming weeks.

Persons: Evelyn Hockstein, Joe Biden's, Biden, Ahmed Aboulenein, Bill Berkrot Organizations: District of Columbia, REUTERS, Rights, U.S, of Health, Human Services, Centers for Disease Control, Prevention, American, HHS, Department of, Thomson

☆ Rescuers drill to send more food to trapped workers in Indian tunnel
▼ + stars: | 2023-11-20 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/3] Rescuers move machines past a tunnel where workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 19, 2023. REUTERS/Saurabh Sharma Acquire Licensing RightsSILKYARA, India, Nov 20 (Reuters) - Rescuers are trying to send cooked food and set up a phone connection to 41 workers trapped for eight days in a collapsed tunnel in the Indian Himalayas as they explore fresh rescue plans after previous attempts stalled, officials said on Monday. The men have been stuck in the highway tunnel in Uttarakhand state since it caved in early on Nov. 12 and are safe, authorities said. They have access to light and supplies of oxygen, dry food, water and medicines are being sent via a pipe. "Our priority is to save 41 lives who are trapped inside the tunnel.

Persons: Saurabh Sharma, Bhaskar Khulbe, Nitin Gadkari, Gadkari, R.C.S, Panwar, Jasvant Kapoor, Shivam Patel, Raju Gopalakrishnan Organizations: REUTERS, Transport, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India

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