On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
The Taliban's return to power in Afghanistan as the U.S. withdraws is presenting new issues and challenges for social media platforms like Facebook and YouTube.
Biden’s comments at a White House news conference Friday come as the U.S. government struggles to ramp up a massive airlift clearing Americans and other foreigners and vulnerable Afghans, rescuing them from a Taliban takeover of the country.
The number of incidents involving unruly airline passengers is growing, and so are the fines imposed by federal safety officials.
The Biden administration says it will automatically erase student loan debt for more than 300,000 Americans with disabilities that leave them unable to earn significant incomes.
The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low.
The Biden administration will require that nursing home staff are vaccinated against COVID-19 as a condition for those facilities to continue receiving federal Medicare and Medicaid funding.
If you're flying on a plane or taking a train, be ready to keep wearing that face mask for a few more months. The Transportation Security Administration said Tuesday it will extend the face-mask rule on public transportation.
Republican Texas Gov. Greg Abbott has tested positive for COVID-19.
The Taliban have vowed to respect women’s rights, forgive those who fought them and ensure Afghanistan does not become a haven for terrorists.
New Zealand’s government has taken drastic action by putting the entire nation into a strict lockdown after finding a single case of coronavirus infection in the community.
