Democrats try delicate tax maneuvers for $3.5 trillion bill
Electric vehicles became a rallying symbol as class-warfare overtones echoed through a committee session. For big business, the proposal would lift the corporate tax rate from 21% to 26.5% on companies’ annual income over $5 million. The proposals call for $273 billion in tax breaks for renewable energy and “clean” electricity, including $42 billion for electric vehicles and $15 billion for a “green workforce” and environmental items. The House Energy and Commerce Committee, meanwhile, advanced proposals promoting clean electricity, investments in electric vehicles and other climate provisions. But Republicans painted electric vehicles as a bourgeois-bohemian accessory to be subsidized by taxpayers, the latest symbol of excess.wftv.com
Democrats try delicate tax maneuver for $3.5 trillion bill
Scott Applewhite) (J. Scott Applewhite)WASHINGTON — (AP) — To pay for the massive social plans that President Joe Biden envisions, House Democrats began serious work Tuesday on a maneuver worthy of the most agile circus acrobats. Electric vehicles became a rallying symbol as class-warfare overtones echoed through a committee session. For big business, the proposal would lift the corporate tax rate from 21% to 26.5% on companies’ annual income over $5 million. And Manchin appeared Tuesday to dig in his heels on insisting that parents meet work requirements to receive the child tax credit. But Republicans painted electric vehicles as a bourgeois-bohemian accessory to be subsidized by taxpayers, the latest symbol of excess.wftv.com
Potent storm to bring big changes to Pacific Northwest
A big change in the weather will soon unfold across the Pacific Northwest thanks to the presence of an approaching storm system in the Pacific. Wednesday featured above-normal warmth across the Pacific Northwest. For example, Portland, Oregon, recorded a high temperature of 82 degrees; normally, the city only reaches 67 degrees on May 5. Farther south, Medford, Oregon, soared to 90 degrees, well above the typical value of 71 degrees. However, even where temperatures were close to normal farther inland, a big change is on the horizon. For most locations in the region, Thursday will be another tranquil day. However, conditions will begin to change along the coast as rain moves in during the afternoon. As a cold front and low pressure draw closer, winds will also ramp up as the rain increases and spreads inland. After arriving over land late Thursday, the storm and cold front will move into the northern Rockies Friday, with a cold front stretching southwestward from there. Ahead of the front, thunderstorms could break out in central Montana, northwestern Wyoming, southeastern Idaho and northwestern Nevada Friday. Some of those storms may contain hail and gusty winds, but widespread severe weather is not expected. Much colder air will advance eastward in the wake of the front. After temperatures in Boise, Idaho, soar into the middle to upper 80s Thursday, the mercury will struggle to reach the middle 60s Friday. Great Falls, Montana, will have a high in the middle 70s Thursday, but it will fail to reach 60 degrees Friday. "While the temperature drop from Thursday to Friday will be dramatic, lows are unlikely to threaten any records," said AccuWeather Meteorologist Mary Gilbert. CLICK HERE FOR THE FREE ACCUWEATHER APP In the higher elevations of Washington and Idaho, the air may be cold enough that rain showers could even mix with snow. It is not out of the question that the Cascades of Washington and the mountains of Idaho and western parts of Montana and Wyoming receive a light accumulation of snow Friday night. "With the influx of colder air on Thursday night, snow levels will also plummet, allowing flakes to fly as low as 2,500 feet," Gilbert said. Gilbert explained that any significant snow accumulation is unlikely because of the warmth preceding the storm. That said, it is not out of the question that the Cascades of Washington and the mountains of Idaho and western parts of Montana and Wyoming receive a light accumulation of snow Friday night. "Any wet roads could become slick, especially for the higher elevations," cautioned Gilbert. The below-normal temperatures, precipitation and wind are expected to stick around through the weekend. The coastal Northwest should begin to experience a warming and drying trend by Monday. However, over the interior, rain showers and higher-elevation snow showers will still be in the forecast. Much of the northern and central Rockies are expected to have rain and snow to deal with into Tuesday. Additional snow accumulations are also possible. By midweek, precipitation should come to an end across the entire area, and temperatures will trend upward. Keep checking back on AccuWeather.com and stay tuned to the AccuWeather Network on DirecTV, Frontier, Spectrum, FuboTV, Philo, and Verizon Fios.news.yahoo.com
IRS will delay tax filing due date until May 17
The IRS will delay the traditional April 15 tax filing due date until May 17, 2021, to cope with added duties and provide Americans more flexibility. The Internal Revenue Service says it's delaying the traditional tax filing deadline from April 15 until May 17. The pandemic hit in the middle of last year's tax filing season, setting the agency back in terms of processing. Ad“Never before has the law changed so substantially in the middle of tax filing season," Patrick Thomas, director of Notre Dame Law School’s Tax Clinic, said in a statement. A number of lawmakers and professionals from the tax community have urged the tax filing season be extended to accommodate for these pressures.
Election of Democratic chair portends change at post office
Postal Service's stretch of challenges didn't end with the November general election and tens of millions of mail-in votes. Postal Service Board of Governors, marking the first step in a potential shakeup under President Joe Biden. Rep. Bill Pascrell Jr., a New Jersey Democrat, wants Biden to fire the entire Postal Service Board of Governors for what he called dereliction of duty. All of that mail helped the Postal Service improve its quarterly financial performance, officials said Tuesday. Fredric Rolando, president of the National Association of Letter Carriers, said the pandemic has given postal carriers an opportunity to shine.
New Georgia senators carry John Lewis' influence with them
Sen. Raphael Warnock was Lewis’ pastor and stood at his bedside before Lewis died. It seeks to restore portions of the Voting Rights Act of 1965 struck down by the U.S. Supreme Court in 2013. Democrats and voting rights groups argue that the ruling has led to a cascade of changes in many states that have disenfranchised voters, including polling place closures. They are the first Democrats to win a U.S. Senate election in Georgia since 2000. “My friend John Lewis planted the foundation of this Georgia over his career,” Democratic Rep. Bill Pascrell of New Jersey said in a tweet.
Mail could be delayed as new postal head pushes cost-cutting
N.C. Mail deliveries could be delayed by a day or more under cost-cutting efforts being imposed by the new postmaster general, DeJoy. (Kim Walker/Elon University via AP, File)WASHINGTON Mail deliveries could be delayed by a day or more under cost-cutting efforts being imposed by the new postmaster general. If postal distribution centers are running late, "they will keep the mail for the next day,'' Postal Service leaders say in a document obtained by The Associated Press. The COVID-19 pandemic has put the Postal Service in a double crisis, said Mark Dimondstein, president of the American Postal Workers Union, which represents more than 200,000 postal workers and retirees. For most Americans, mail deliveries to homes or post boxes are their only routine contact with the federal government.