Congress · 116th Congress
Bipartisan talks resume on coronavirus relief package
[jwp-video n=”1″] State and local governments, which have struggled to make up for lost revenue from economic shutdowns, would get $160 billion.
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Congress · 116th Congress
Pressure for ‘targeted’ coronavirus relief bill grows as time dwindles
Negotiators, however, may be making better progress on an omnibus spending package for the current fiscal year that began Oct. 1. Current stopgap funding is set to run dry on Dec. 11.
Congress · 116th Congress
Dueling coronavirus relief bill visions cloud lame-duck outlook
Most Republicans want a smaller bill somewhere in the $500 billion to $1 trillion range. Whether Trump will negotiate if he loses his reelection bid is a critical unknown factor.
Campaigns · 116th Congress
Debate fact-check: False claims amid disorderly fracas
Corrected, Oct. 1 6:45 p.m. | President Donald Trump and former Vice President Joe Biden met on the debate stage Tuesday for the first time and stretched or mangled facts on several topics.
Policy · 116th Congress
Unions eye long term as pandemic weighs on members
I mean, on Feb. 1 we were celebrating organizing 22,000 new people. I said, ‘There is no limit to what we can do! There’s never been a better time!’ Six weeks later, everything shut down,” he said.
Policy · 116th Congress
Divide between Democrats, Republicans widens over coronavirus relief
After Labor Day, Senate Republicans are expected to take up a “skinny” version of a pandemic relief package that is likely well under $1 trillion.
Campaigns · 116th Congress
RNC fact check: Trump speech filled with falsehoods
for most of those middle- and lower-income households—on average, only a fraction of a percent of their after-tax income—and we estimate that 80 percent of the new tax revenue would come from the top 1
Campaigns · 116th Congress
RNC fact check: Questioning economic and tax claims
That would support a claim that Trump’s tax cuts and regulatory rollbacks boosted the growth by 1 percentage point above expectations in 2018 before weakening in 2019.
Campaigns · 116th Congress
RNC fact check: First night speakers spin
In fact, the Republican tax law largely benefitted the wealthy, while the Biden proposed tax increases would fall mainly on the top 1% of taxpayers. Sen.
Campaigns · 116th Congress
DNC fact check: Biden speech needs context on pandemic, tax cuts and Social Security
Most of the individual income tax provisions expire after 2025, which will then shift most of the tax benefits to the top 1%.
Campaigns · 116th Congress
DNC fact check: Clinton misleads on unemployment; Biden shares credit for auto bailout
p> Fast-forward to March 30, 2009, when President Barack Obama rejected the companies’ viability plans, but then announced a bankruptcy plan for Chrysler on April 30 and a GM bankruptcy plan on June 1.
White House · 116th Congress
Self-employed won’t get to defer taxes under Trump’s payroll break
[jwp-video n=”1″] Watson noted that self-employed persons pay their taxes as part of after-the-fact estimates.
Policy · 116th Congress
As eviction bans end, renters and landlords urge fiscal help
[jwp-video n=”1″] “It’s not enough to say, ‘thou shall not evict,’” said Rep. David E. Price, D-N.C., chairman of the Transportation-HUD Appropriations Subcommittee.
Congress · 116th Congress
For Congress, rancor and politics overshadow consequential coronavirus relief
But Speaker Nancy Pelosi, speaking at the Capitol on July 9, said she would be reluctant to deviate from her three-part formula and said Republicans were trying to cap the cost at a too-low $1 trillion
Congress · 116th Congress
Negotiators look for common ground on unemployment aid extension
While Republicans have been considering setting an overall price tag of about $1 trillion for the next package, Pelosi said flatly, “That’s not enough.”
Opinion · 116th Congress
America shows its resilience
As I write this, the stock market is surging on the news that the Trump administration is considering a $1 trillion infrastructure proposal, adding to what has been a remarkable rebound on Wall Street
Policy · 116th Congress
Pandemic survey results suggest risk of ‘huge eviction surge’
[jwp-video n=”1″] Census data shows a similar spike in households that haven’t paid rent or don’t know whether they will, said Solomon Greene, a senior fellow at the Urban Institute.
Heard On The Hill · 116th Congress
‘How are we supposed to survive?’: Black-owned barbershops reopen, but it’s not the same
[jwp-video n=”1″] The sentiment explains the catch-22 many black people find themselves in.
Congress · 116th Congress
Minority groups hit hard by crisis seek more congressional aid
[jwp-video n=”1″] While the pandemic’s economic crisis has not yet endangered household wealth in the same way the Great Recession did a decade ago, it’s already having a larger impact on minority-owned
Policy · 116th Congress
Pace of economic recovery could shape races in swing states
[jwp-video n=”1″] In April, Michigan had an 18 percentage-point increase in its unemployment rate to more than 22 percent, according to Bureau of Labor Statistics data released May 22.