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2 rip current statements in effect for Coastal Flagler and Coastal Volusia Regions

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RICHARD NEAL


Trump's tax returns have been released by House Democrats. Read them here.

The House Ways and Means Committee released years of former President Donald Trump’s tax records Friday, following a prolonged battle and just days before Democrats lose control of the House to the new Republican majority. While presidents are usually audited by the Internal Revenue Service, the House Ways and Means Committee said those were not taking place. In 2017, his first year in the White House, Trump paid $750 in federal income tax and reported $12.9 million in losses. The 'Trump' tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises." Look through Trump’s personal tax returns from 2015 to 2020 below:

wftv.com

Trump's tax returns released by House Ways and Means Committee

The House Ways and Means Committee released former President Donald Trump's tax returns after a years long legal battle.

cnbc.com

House committee expected to release Trump's taxes Friday

WASHINGTON — (AP) — Former President Donald Trump's tax returns are expected to be released by the House Ways and Means committee on Friday, a congressional aide confirmed Tuesday. The aide was not authorized to discuss the timing of the release publicly and spoke on condition of anonymity. The Democratic-controlled committee voted last week to release Trump's returns, with some redactions of sensitive information, such as Social Security numbers and contact information. The IRS only began to audit Trump’s 2016 tax filings on April 3, 2019, more than two years into Trump’s presidency and just months after Democrats took control of the House. That date coincided with Rep. Richard Neal, D-Mass., the panel chairman, asking the IRS for information related to Trump’s tax returns.

wftv.com

House committee expected to release Trump’s taxes Friday

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday.

Trump tax audits required by IRS were delayed, panel says

That date coincides with Rep. Richard Neal, the panel chairman, asking the IRS for information related to Trump's tax returns. Trump and those around him have consistently said that IRS audits prevented him from doing so. “I would love to give them, but I’m not going to do it while I’m under audit,” Trump said on April 10, 2019, before boarding the presidential helicopter. Democrats argue that the IRS is ill-equipped to audit high-income, complex tax returns, and instead targets filers in lower-income brackets — something they have tried to remedy with their work on the panel. Trump has argued there is little to learn from his tax returns even as he has fought to keep them private.

wftv.com

Trump tax audits required by law were delayed, panel says

While the 29-page report summarizing the committee's work was issued later Tuesday night, the tax returns themselves may not be released for several more days. The report indicates that the Trump administration may have disregarded an IRS requirement dating back to 1977 that mandates audits of a president's tax filings. The IRS only began to audit his 2015 tax filings on April 3, 2019, a date more than two years into Trump's presidency. Details about Trump's income from foreign operations and debt levels were also contained in the tax filings, which the former president derided as “fake news." The office, then led by District Attorney Cyrus Vance Jr., had subpoenaed Trump’s accounting firm in 2019, seeking access to eight years of Trump’s tax returns and related documents.

wftv.com

Trump's income taxes were often paltry, newly released documents show

House tax writers voted to disclose the long-sought information and dinged the IRS for delaying a routine audit of the former president.

news.yahoo.com

A House panel voted to publicly release a report on Trump's tax returns

The Democrat-controlled House Ways and Means Committee said it will release a report that covers several years of tax returns by the former President Donald Trump

npr.org

Dems on House taxwriting committee vote to release Trump's tax information

Democrats on the House Ways & Means Committee voted late Tuesday night to release former President Donald Trump's tax documents, which he fought for years to keep private.

foxnews.com

Trump tax returns: House Ways and Means Committee considers potential release

Trump lost a legal battle, which ended up at the Supreme Court, in an effort to keep his income tax returns out of the hands of Congress.

cnbc.com

Trump’s tax returns could be made public, pending House committee vote

Trump has for years refused to make his tax returns public, breaking with modern tradition set by other presidents and presidential candidates.

washingtonpost.com

Trump tax audits required by IRS were delayed, panel says

A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency.

Treasury making Trump taxes available to House committee

The Treasury Department says it has complied with a court order to make former President Donald Trump’s tax returns available to a congressional committee.

House committee has Trump's tax returns, Treasury Department says

The Supreme Court declined last week to block the release of the returns.

cbsnews.com

Democrats Are Now In Possession Of 6 Years Of Donald Trump’s Tax Returns

The Treasury Department handed over the former president's tax returns after a three-year legal battle.

news.yahoo.com

Supreme Court rejects Trump plea to shield taxes from House committee

The Supreme Court denied former President Trump's plea to shield his tax returns from being turned over to a House committee.

latimes.com

Trump asks justices to keep tax returns from House committee

Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee.

Appeals court refuses Trump request to consider shielding tax returns from House Committee

The decision clears the way for the committee to obtain the financial records Trump has repeatedly fought to keep from Congress, but his legal team could still appeal the ruling to the Supreme Court.

cbsnews.com

Donald Trump's request to keep tax returns from Congress denied by appeals court

Former President Trump's bid to stop his tax returns from being released to Congress was denied by the full bench of the D.C. Circuit Court of Appeals.

foxnews.com

Public servants like teachers and police often get reduced Social Security. Congress is weighing a bill that could change that

A congressional committee voted to move a bill that would repeal rules that reduce benefits for certain public workers. Experts say it still faces challenges.

cnbc.com

Congress can get Trump tax records, appeals court rules

A federal appeals court is siding with Congress in a fight over former President Donald Trump's tax returns.

Federal appeals court says House committee can get Trump's tax returns

Rep. Richard Neal, head of the House Ways and Means Committee, first requested the tax information from the IRS in April 2019.

cbsnews.com

IRS head is getting questioned by lawmakers after former FBI officials were audited

U.S. Tax Commissioner Charles Rettig, who was appointed by President Trump in 2018, will face questions behind closed doors from lawmakers in the House and Senate before the end of the month.

npr.org

America’s Necessary Myth for the World

The great paradox in the world today is that the “dumb simplicity” of America’s self-perception is both obviously bogus and fundamentally true.

theatlantic.com

Unemployment system plagued by delays, fraud and racial gaps during pandemic, says watchdog agency

The Government Accountability Office issued a pair of reports on Tuesday outlining ongoing risks in the U.S. unemployment system and the need for reform.

cnbc.com

With echoes of Trump, GOP splinters over $40B for Ukraine

Signs of Republican resistance are mounting over a $40 billion aid package to Ukraine.

House passes ‘Secure Act 2.0.' Here’s what that means for retirement savings

The House of Representatives has passed the Securing a Strong Retirement Act, or Secure Act 2.0. It's good news for many retirement savers.

cnbc.com

The House approves a bill to suspend trade relations with Russia and Belarus

The House of Representatives overwhelmingly passed a bill suspending normal trade relations with the countries, another move to squeeze them economically in retaliation for the invasion of Ukraine.

npr.org

House votes to further restrict Russian trade after invasion

The House has voted to suspend normal trade relations with Russia and Belarus.

Biden's big bill on brink of House votes, but fights remain

Democrats in the House appear on the verge of advancing President Joe Biden’s $1.85 trillion-and-growing domestic policy package.

Democrats manage to get 4 weeks of paid leave back into social spending bill. But it's still too early for Americans to count on

Democrats have notched a victory in the fight for a national plan for paid leave. But getting it into final legislation could still be an uphill battle.

cnbc.com

Rattled Democrats reckon with bruising results in VA, NJ

Democrats are blending finger-pointing, optimism and a renewed push to unstick their stalled legislative agenda as they scramble for Election Day lessons from a jolting loss in Virginia and a closer than expected win in New Jersey.

Democrats say paid family and medical leave back in bill

The inclusion of paid family leave comes as Democrats attempt to craft a final package that can pass both chambers. Democrats are rushing to overcome party battles and finish a final draft of Biden's plan. BFingers are pointing all around as negotiations over Biden's ambitious package have dragged on, with Democrats unable to pass the bill. Still, Democrats shored up at least one unsettled provision — reviving the prescription drug deal that had been scrapped from Biden's framework. A group of House Democrats huddled with the West Virginia senator privately Tuesday at the Senate.

wftv.com

Big, messy, complicated: Biden's plan churns in Congress

It’s big, messy and complicated as the Democratic leaders in Congress try to muscle President Joe Biden’s sweeping domestic policy package into law.

Democrats unveil billionaires’ tax as Biden plan takes shape

Top Democrats say a deal is within reach on President Joe Biden's big domestic bill.

President Biden pitches $1.75T plan at Capitol, trying to unite Democrats

President Joe Biden says he has reached a “historic” framework with Democrats in Congress on his sweeping, though scaled-back domestic policy plan.

Donald Trump bashes Democrats' new billionaire tax and suggests he might flee the US, but he'll 'stick it out'

"I just wonder, will I be allowed to run for president again if I move to another country?" Trump said in a statement Wednesday.

news.yahoo.com

Trump urges judge to block IRS from giving his tax returns to Congress

The Biden administration has reversed course after the previous regime denied the congressional requests.

news.yahoo.com

Democrats unveil billionaires' tax as Biden plan takes shape

Under Wyden’s emerging plan, the billionaires’ tax would hit the wealthiest of Americans, fewer than 800 people, starting in the 2022 tax year. Overall, the billionaires’ tax rate would align with the capital gains rate, now 23.8%. Republicans have derided the billionaires’ tax as “harebrained,” and some have suggested it would face a legal challenge. And key fellow Democrats were also raising concerns about the billionaires' tax, saying the idea of simply undoing the 2017 tax cuts by hiking top rates was more straightforward and transparent. That separate roads-and-bridges bill stalled when progressive lawmakers refused to support it until deliberations on the broader Biden bill were complete.

wftv.com

Democrats unveil billionaires' tax as Biden plan takes shape

Biden met late Tuesday evening with Sinema and another Democratic holdout, Sen. Joe Manchin of West Virginia, at the White House. Under Wyden’s emerging plan, the billionaires’ tax would hit the wealthiest of Americans, fewer than 800 people, starting in the 2022 tax year, according to a person familiar with the plan who insisted on anonymity to discuss it. Overall, the billionaires’ tax rate would align with the capital gains rate, now 23.8%. Republicans have derided the billionaires’ tax as “harebrained,” and some have suggested it would face a legal challenge. That separate roads-and-bridges bill stalled when progressive lawmakers refused to support it until deliberations on the broader Biden bill were complete.

wftv.com

Congress has a new plan to fix Social Security. How it would change benefits

A new version of the Social Security 2100 Act includes updates that keep President Joe Biden and Republicans in mind. Here's how it would change the program.

cnbc.com

Half its original size, Biden's big plan in race to finish

President Joe Biden’s big domestic policy bill is now half its original size and being pulled apart and reconfigured as Democrats edge closer to satisfying their most reluctant lawmakers.

Deal seems near on $2T Biden package, though deadline slips

A deal within reach, President Joe Biden and Congress’ top Democrats have edged close to sealing their giant domestic legislation.

Income test for Medicare dental under debate; gets pushback

But as Democrats try to design a dental benefit for the program, one idea calls for limiting it based on income. “We are not opposed to a Medicare dental benefit (but) we believe it should be focused on poor and low-income seniors,” said Michael Graham, the group's top lobbyist. Equally adamant is House Ways and Means Chairman Richard Neal, D-Mass., whose committee approved the Medicare benefits expansion. “I do not support any sort of Medicare means testing," said Neal, one of House Speaker Nancy Pelosi's top lieutenants. “As soon as you start limiting Medicare benefits to only lower income beneficiaries, it could lose some of its political support.”Copyright 2021 The Associated Press.

wftv.com

Income test for Medicare dental under debate; gets pushback

For more than 55 years, Medicare has followed a simple policy with covered benefits the same, no matter if you’re rich, poor, or in-between.

Income test for Medicare dental under debate; gets pushback

For more than 55 years, Medicare has followed a simple policy: covered benefits are the same, no matter if you’re rich, poor, or in-between. The so-called “means test” is drawing internal opposition from many Democratic lawmakers, as well as advocacy groups for older people, like AARP. The White House did not respond to requests for comment.

news.yahoo.com

What to do if Democrats ax the backdoor Roth individual retirement account strategy

The backdoor and mega-backdoor Roth individual retirement account strategies may be disappearing. Here are some possible solutions, according to advisors.

cnbc.com

Big pressure on Biden, Dems to trim $3.5T federal overhaul

Pressure is mounting on President Joe Biden to trim back his $3.5 trillion federal government overhaul to win over holdout fellow Democrats.

Democrats to raise cap on Biden’s IRS transaction data proposal

Democrats plan to revise President Joe Biden’s proposal that all bank transactions of more than $600 be reported to the IRS as banks and privacy advocates come out against the plan.

news.yahoo.com

Democrats tackling flash points of taxes, health, climate

Congressional Democrats face a daunting assignment.

House panel rejects drug pricing plan in setback to Biden

A House committee has dealt an ominous setback to President Joe Biden’s social and environment package.

Democrats seek corporate, wealthy tax hikes for $3.5T plan

For big businesses, the proposal would lift the corporate tax rate from 21% to 26.5% on incomes beyond $5 million, slightly less than the 28% rate the president had sought. The House, Senate and White House are working together to align their plans ahead of this month's deadlines, though some differences are emerging that will need to be resolved. The House tax proposal was pitched as potentially raising some $2.9 trillion, a preliminary estimate — but it would go a long way toward paying for the $3.5 trillion legislation. Looking at wealthy individuals, Neal is proposing an increase in the top tax rate on capital gains for those earning $400,000 a year or more, to 25% from the current 20%. Also proposed are increases in the tax rate on tobacco products and a new tax on non-tobacco nicotine delivered by e-cigarettes.

wftv.com

Democrats seek corporate, wealthy tax hikes for $3.5T plan

House Democrats have unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan.

House Democrats propose raising capital gains tax to 28.8%

The proposal differs from a prior Biden administration plan to raise the top combined rate to 43.4% for those with income over $1 million.

cnbc.com

Democrats seek corporate, wealthy tax hikes for $3.5T plan

The proposed top tax rate would revert to 39.6% on couples earning more than $400,000, and there would be a 3% tax on wealthier Americans making beyond $5 million a year. For big businesses, the proposal would lift the 21% corporate tax rate to 26.5% on incomes beyond $5 million. “I cannot support $3.5 trillion,” Manchin said Sunday, citing in particular his opposition to a proposed increase in the corporate tax rate from 21% to 28% and vast new social spending. “The numbers that they’re wanting to pay for and the tax changes they want to make, is that competitive?” Manchin asked. But liberal Democrats have threatened to withhold their support until the $3.5 trillion spending bill is passed alongside it.

wftv.com

House Democrats propose new tax hikes to pay for their $3.5 trillion bill: Here are the details

House Democrats proposed a 26.5% top corporate tax rate and 39.6% top individual rate as they try to pay for a $3.5 trillion bill.

cnbc.com

Democrats seek corporate, wealthy tax hikes for $3.5T plan

House Democrats are unveiling a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan.

A leaked tax plan draft shows how Democrats want to raise $2.9 trillion from wealthy Americans and big corporations, rolling back Trump-era tax cuts

A document circulating among House Democrats says high-earning Americans with incomes over $5 million could see a 3% "surtax."

news.yahoo.com

House Dems begin moving parts of Biden $3.5T domestic plans

“We have a once-in-a-generation chance to make transformative, beneficial change," said House Ways and Means Committee Chairman Richard Neal, D-Mass., as his tax-writing panel debated its pivotal chunk of the voluminous legislation. Republicans cast the still-evolving measure as an economy killer that would raise taxes, cost jobs, worsen federal debt and make people increasingly reliant on government. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona — have said the bill's proposed $3.5 trillion cost is too high. House and Senate Democrats also must still reach agreements on many issues, including key questions about overall spending and revenues. The House Natural Resources Committee was working on $30 billion for addressing climate change and other environmental issues.

wftv.com

House Dems begin moving parts of Biden $3.5T domestic plans

Democrats are starting to push plans for providing paid family and medical leave, easing climate change and bolstering education through House committees.

Top Dems leave door open to trimming Biden's $3.5T price tag

Congress’ two top Democrats seem like they're leaving the door open to ultimately reducing the $3.5 trillion price tag of President Joe Biden’s plan to boost social and environment programs.

How Democrats' $3.5 trillion budget plan may boost retirement savings

In their plans for their $3.5 trillion federal budget proposal, House Democrats are including measures to help people save for the long-term.

cnbc.com

White House taps populist message as Biden pushes $3.5T plan

Right now.”The urgent appeal comes at a crucial time, with House and Senate Democrats hoping to assemble the package by a self-imposed Sept. 15 deadline. Biden's plan would be phased in over the decade. Inside the White House, September is seen as a crucial month to make gains on Biden's agenda. In framing the arguments ahead as a choice, the White House is showing congressional Democrats one way the administration plans to counter those Republican attacks. “Republicans who oppose the Build Back Better agenda have chosen whose side they are on, too,” said the memo from White House Communications Director Kate Bedingfield to House Democratic communicators.

wftv.com

White House taps populist message as Biden pushes $3.5T plan

President Joe Biden is refocusing on his $3.5 trillion “build back better” agenda.

Nursing home overhaul bill would boost staffing, oversight

Senior Democratic senators are introducing legislation that responds to the ravages of COVID-19 in nursing homes.

Trump asks court to block IRS from giving tax records to House committee

Mr. Trump's lawyers claimed the Ways and Means Committee's requests for his tax returns are for political gain.

cbsnews.com

A Justice Department Ruling Paves The Way For A House Panel To Get Trump's Taxes

The Justice Department said the Treasury Department "must furnish" the Trump tax materials to House lawmakers. But it's far from clear that the information will become public.

npr.org

Justice says IRS must give Trump tax returns to Congress

The Justice Department says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.

As multimillion-dollar IRAs grow, lawmakers vow to curb abuse of these accounts

Data for the 2019 tax year shows that 497 taxpayers have $25 million or more in aggregate IRA balances. Some lawmakers hope to curb use of those tax shelters.

cnbc.com

Biden sells G-7 on global tax, but U.S. Congress is a hurdle

President Joe Biden might have persuaded some of the world’s largest economies to hike taxes on corporations.

House committee to consider 'Secure 2.0' retirement bill this week. Here's what's in it

The bipartisan measure aims to build on changes already implemented by the Secure Act of 2019.

cnbc.com

Leading House Democrat to propose sweeping benefits, tax credits for families

Rep. Richard Neal, gatekeeper of new tax legislation, will unveil a list of priorities aimed at providing new benefits to working parents.

cnbc.com

30 million people may receive $1,400 stimulus checks after Social Security Administration provides payment information to IRS

The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. Saul said the Social Security Administration was initially limited in how much it could do based on how its role is defined by the Social Security Act and the terms outlined in the American Rescue Plan Act. The Social Security Administration said it began working with the IRS on March 17 to get those files to them. More from Personal Finance:About 127 million $1,400 stimulus checks have been sentUsing tax-deferred savings can help you get that $1,400 stimulus checkHow to make sure you don't miss $1,400 stimulus checks in the mailThe Democratic lawmakers called for promptly sending out the outstanding $1,400 checks. In addition to Social Security, that includes those who receive checks from Supplemental Security Income, Veterans Affairs and the Railroad Retirement Board.

cnbc.com

Lawmakers call for prompt payment of $1,400 stimulus checks to Social Security beneficiaries

As $1,400 stimulus checks go out, some lawmakers are expressing concern that recipients of Social Security and other federal benefits have yet to get the money to which they are entitled. Delays have been reported in sending $1,400 stimulus checks to Social Security, Supplemental Security Income, Railroad Retirement Board and Veterans Affairs beneficiaries who do not typically file tax returns, according to the lawmakers. More from Personal Finance:New batch of $1,400 stimulus payments coming Wednesday, IRS saysHow to make sure you don't miss $1,400 stimulus checks in the mail$1,400 stimulus checks could be garnished for unpaid private debtsThe IRS has not provided a timeline for those payments, according to the letter. The lawmakers asked both agencies to come up with a schedule by Friday, March 26, for when federal beneficiaries will receive the money. A second batch of those $1,400 checks is due to arrive via direct deposit by Wednesday, while more payments have also been sent by mail as a paper check or prepaid debit card.

cnbc.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.

IRS postpones April 15 U.S. tax deadline to May 17

The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. In addition, taxpayers can also delay payment of any money owed the IRS until May 17. Not all states follow the same filing deadline as the federal government. The IRS will provide more guidance on the extended filing season in the coming days, the tax collector said. "Under titanic stress and strain, American taxpayers and tax preparers must have more time to file tax returns."

cnbc.com

Calls to extend the tax-filing season grow as April 15 deadline looms

With the April 15 tax-filing deadline a month away, calls to extend the season are growing. "Millions of stressed-out taxpayers, businesses and preparers would appreciate an extension of the deadline to file their 2020 tax returns." The IRS is answering only 25% of phone calls and has received and processed fewer returns than at the same time last year. Through March 5, the IRS had received nearly 56 million returns and processed nearly 49 million, according to the latest data. Last year, the agency had received nearly 68 million returns and processed 65 million by March 6.

cnbc.com

COVID relief bill could permanently alter social safety net

“The scope is both impressive and much needed.”AdSeveral aspects seem targeted at restructuring the country's social safety net and actually lifting people out of poverty. “That is really going to put a dent in child poverty,” Perry said. In promoting the child tax credit expansion, Democrats rallied around an analysis that predicted it would cut nationwide child poverty by 45%. He added, “What we did is unlikely to go away.”AdAt this point, the child tax credit expansion would expire at the end of the year without some sort of congressional intervention. A study by the Tax Policy Center concluded that the relief package would reduce federal taxes in 2021 by an average of $3,000 per household.

Congress approves $1.9T virus relief bill with $1,400 stimulus checks

House Majority Whip James Clyburn of S.C., center, walks through Statuary Hall before the vote on the Democrat's $1.9 trillion COVID-19 relief bill, on Capitol Hill, Wednesday, March 10, 2021, in Washington. “Help is here,” Biden tweeted moments after the roll call, which ended with applause from Democratic lawmakers. AdThe measure addresses Democrats’ campaign promises and Biden’s top initial priority of easing a one-two punch that first hit the country a year ago. According to a CNN poll released Wednesday, the relief bill is backed by 61% of Americans, including nearly all Democrats, 58% of independents and 26% of Republicans. On the relief bill, progressives had to swallow big concessions to solidify moderate support.

House approves pro-union bill despite dim Senate odds

But it faces an all-but-certain Republican blockade in a narrowly divided Senate and is unlikely to become law. Ad“I’ve heard Democrats argue that it’s the unions that built the middle class,” said Rep. Virginia Foxx, R-N.C., the senior Republican on the House labor panel. And what this bill does is take away their freedom.”Labor unions have long been a bedrock of Democratic support. “This far-reaching legislation is nothing more than an union boss wish list,” said Foxx, who led Republican debate on the bill. Virginia Republican Rep. Bob Good excoriated the bill, saying it would effectively “funnel money to Democrats” by allowing unions to collect additional dues.

House approves pro-union bill despite dim Senate odds

But it faces an all-but-certain Republican blockade in a narrowly divided Senate and is unlikely to become law. Ad“I’ve heard Democrats argue that it’s the unions that built the middle class,” said Rep. Virginia Foxx, R-N.C., the senior Republican on the House labor panel. And what this bill does is take away their freedom.”Labor unions have long been a bedrock of Democratic support. “This far-reaching legislation is nothing more than an union boss wish list,” said Foxx, who led Republican debate on the bill. Virginia Republican Rep. Bob Good excoriated the bill, saying it would effectively “funnel money to Democrats” by allowing unions to collect additional dues.

Biden hails House passage of $1.9T virus bill, now to Senate

“We have no time to waste,” Biden said at the White House after the House passage early Saturday. That ships the bill to the Senate, where Democrats seem bent on resuscitating their minimum wage push and fights could erupt over state aid and other issues. Biden said weeks ago that he didn't expect the minimum wage increase to survive the Senate's rules. But those same Senate rules prohibit provisions with only an “incidental” impact on the federal budget because they are chiefly driven by other policy purposes. Republicans oppose the $15 minimum wage target as an expense that would hurt businesses and cost jobs.

House passes $1.9T pandemic bill on near party-line vote

The new president’s vision for flushing cash to individuals, businesses, states and cities battered by COVID-19 passed on a near party-line 219-212 vote. Biden said weeks ago that he didn't expect the minimum wage increase to survive the Senate's rules. But those same Senate rules prohibit provisions with only an “incidental” impact on the federal budget because they are chiefly driven by other policy purposes. MacDonough decided that the minimum wage provision failed that test. Republicans oppose the $15 minimum wage target as an expense that would hurt businesses and cost jobs.

Biden's trade pick vows to work more closely with allies

Katherine Tai, nominee for U.S. trade representative, testifies before a Senate Finance Committee hearing on Capitol Hill, in Washington, Thursday, Feb. 25, 2021. (Tasos Katopodis/Pool via AP)WASHINGTON – President Joe Biden’s pick to be the top U.S. trade envoy promised to work with America’s allies to combat China’s aggressive trade policies, indicating a break from the Trump administration’s go-it-alone approach. Biden and his team have not indicated — and Tai didn't say Thursday — whether they will keep Trump’s tariffs. Far from coordinating with U.S. allies on trade, Trump sparred with them instead, putting tariffs on imported steel and aluminum and threatening to target European cars, too. She handled negotiations with the Trump administration over a revamped North American trade deal.

What we know about the $1,400 direct payments Democrats hope to send to Americans

WASHINGTON – Democrats pushed half of President Joe Biden’s $1.9 trillion COVID-19 relief plan through a House committee Thursday, advancing $1,400 payments for millions of Americans and other initiatives that Republicans call too costly, economically damaging and brazenly partisan. Democratic leaders hope for House passage later this month, with Senate approval and a bill on Biden’s desk by mid-March. And while Democrats fended the amendments off, their control of the House and Senate is razor thin. Republicans’ amendments spotlighted what they see as political soft spots they can exploit. And while the GOP amendments were beaten back, they forced Democrats to take positions that could tee up GOP campaign ads for the 2022 elections.

WATCH LIVE: White House COVID-19 Response Team holds press briefing

The plan faces opposition from Republicans who want to tie new school funding to reopening. The panel met Tuesday to craft its portion of a $1.9 trillion COVID-19 relief package that tracks with Biden's plan for battling the pandemic and reviving a still staggering economy. Biden's plan for $130 billion in school funding is in addition to more than $8 billion from previous relief packages. Stop ruining their futures and stop playing games.”Scott countered that schools can't make changes needed to reopen safely unless they get the funding in Biden's plan. AdRepublicans also signaled a fight over standardized testing, backing a proposed change to prevent relief funding from being used on academic assessments.

Audit likely gave congressional staff glimpse of Trump taxes

When JCT staffers disagree with the IRS on a decision, the review is typically kept open until the matter is resolved. Even acknowledging that Trump's taxes were before the panel is verboten. Representatives for the Trump Organization did not respond to messages seeking comment and confirmation that the Joint Tax Committee had reviewed Trump's taxes. Former JCT staffers would not comment on whether they remembered the dispute with Trump, citing confidentiality rules. Neal, the lead force behind a Democratic lawsuit to expose Trump’s taxes, said the Times’ reporting is proof that the documents should be given to Congress.

Trump’s tax revelation could tarnish image that fueled rise

“Donald Trump needs this election to be about Joe Biden as a choice,” said longtime GOP consultant Alex Conant. Trump’s support over the years has remained remarkably consistent, polls over the course of his presidency have found. Even today, when asked to explain their support for Trump, voters often point to his success in business as evidence of his acumen. Roughly half of Americans pay no federal income taxes, but the average income tax paid in 2017 was nearly $12,200, according to the IRS. Senate Democratic leader Chuck Schumer tweeted an emoji calling on followers to raise their hands “if you paid more in federal income tax than President Trump.”“That’s why he hid his tax returns.

NY Times: Trump paid $750 in US income taxes in 2016, 2017

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report in The New York Times. The president’s financial disclosures indicated he earned at least $434.9 million in 2018, but the tax filings reported a $47.4 million loss. Roughly half of Americans pay no income taxes, primarily because of how low their incomes are. But IRS figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than what the president paid. The president in 2017 paid $145,400 in taxes in India and $156,824 in the Philippines, compared to just $750 in U.S. income taxes.

Trump's tax revelation could tarnish image that fueled rise

“Donald Trump needs this election to be about Joe Biden as a choice," said longtime GOP consultant Alex Conant. Trump's support over the years has remained remarkably consistent, polls over the course of his presidency have found. Even today, when asked to explain their support for Trump, voters often point to his success in business as evidence of his acumen. Roughly half of Americans pay no federal income taxes, but the average income tax paid in 2017 was nearly $12,200, according to the IRS. Senate Democratic leader Chuck Schumer tweeted an emoji calling on followers to raise their hands “if you paid more in federal income tax than President Trump.”“That’s why he hid his tax returns.

Democrats to redraft coronavirus relief bill but keep $1,200 direct payments

WASHINGTON – House Democrats are going back to the drawing board on a huge COVID-19 relief bill, paring back the measure in an attempt to jump-start negotiations with the Trump administration. The Democratic-controlled chamber could also pass the $2.4 trillion measure next week if talks fall through to demonstrate that the party isn't giving up on passing virus relief before the election. The chamber passed a $3.4 trillion rescue measure in May but Republicans dismissed the measure as bloated and unrealistic. Even as Democrats cut their ambitions back by $1 trillion or so, Senate Republicans have focused on a much smaller rescue package in the $650 billion to $1 trillion range. Thursday's developments come as moderate “front line" Democrats in competitive reelection races have been pressing leaders like Pelosi to become more flexible.

Democrats propose sweeping bill to curb presidential abuses

WASHINGTON – House Democrats on Wednesday proposed a bill to curb presidential abuses, a pitch to voters weeks ahead of Election Day as they try to defeat President Donald Trump, capture the Senate from Republicans and keep their House majority. Each of the bill’s provisions is a response to actions by Trump or his administration that Democrats see as abuses of presidential power. It builds on an elections and ethics reform package the House passed soon after Democrats reclaimed the majority in 2019. Congress has yet to send to the president any legislation to try to curb foreign election interference after Russia meddled on several fronts in the 2016 presidential contest. “The degradation of our democracy over the past 3 1/2 years is not the work of the president alone,'' Schiff said.

Ex-Marine wins Democratic primary for Joe Kennedy IIIs seat

Jake Auchincloss has won a packed primary to become the Democratic nominee in the race to fill the U.S. House seat being vacated by Rep. Joe Kennedy III in Massachusetts. Nearly 1 million voters, skittish over the coronavirus pandemic, used the mail option for Tuesdays primary. He was elected to the Newton City Council in 2015. Kennedy opted not to seek reelection so he could challenge incumbent U.S. Sen. Edward Markey in the Senate Democratic primary, but lost that bid Tuesday, becoming the first member of the Kennedy political dynasty to lose a congressional race in Massachusetts. The few other members of Massachusetts all-Democratic congressional delegation who had faced primary opponents Reps. Richard Neal, Stephen Lynch and Seth Moulton all breezed through Tuesdays runoff.

Progressive challengers' year: 3 wins and some close calls

But some challengers lost, and their overall wins were a modest number compared with the 535 House and Senate members. Kessler wasn't impressed with the three progressive challengers who defeated Democratic incumbents, either. Other high-profile progressive hopefuls lost Senate Democratic primaries in Colorado, Maine and Texas, and House contests in states including Georgia, New York and Ohio. Jamaal Bowman, a Black educator raised by a single mom, defeated House Foreign Affairs Committee Chairman Eliot Engel of the Bronx and Westchester, New York. They're an effective and well-funded operation now," said Sean McElwee, who does polling and research for progressive Democrats.

Trump order allows some unemployment pay, defers payroll tax

Trump moved to continue paying a supplemental federal unemployment benefit for millions of Americans out of work during the outbreak. The previous unemployment benefit, which expired on Aug. 1, was fully funded by Washington, but Trump is asking states to now cover 25%. In addition to the extension of some unemployment benefits, Trump's orders call for a deferral of payroll tax and federal student loan payments and efforts to halt evictions. Trump said the employee portion of the payroll tax would be deferred from Aug. 1 through the end of the year. He added that Trump "does not have the power to unilaterally rewrite the payroll tax law.

Progressives say primary wins latest sign of momentum shift

FILE - In this March 6, 2020 file photo, Rep. Rashida Tlaib, D-Mich., speaks at a campaign rally in Detroit. Her opponent in the primary was Detroit City Council President Brenda Jones. Y'all, we about to change the world.Beyond signaling momentum, the victories are giving progressives confidence about two upcoming tests. Next week, squad member Rep. Ilhan Omar of Minnesota will face a challenge from a well-funded opponent, Antone Melton-Meaux. In March, Marie Newman knocked off Illinois Rep. Dan Lipinski, an abortion opponent who compared progressive Democrats to a tea party of the left."

Trump administration to give Congress full virus loan data

WASHINGTON After prodding from Democratic lawmakers, the Trump administration has agreed to give Congress but not the public complete data on the millions of small businesses that received loans from a $600 billion-plus coronavirus aid program. Their concession came with a warning to lawmakers not to divulge confidential loan information to the wider public. Last week, the Treasury Department and SBA relented to pressure from lawmakers and watchdogs and agreed to publicly disclose details on which businesses received loans under the program. Under the new agreement, the agencies will provide the complete data on loans of all sizes to the congressional oversight panels. Economists have said the small business loan program has helped, though its hard to know by how much.

Outcry as some nursing homes try to grab stimulus checks

(Leah Millis/Pool via AP)WASHINGTON Compounding the hardships of the coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks, a cash grab lawmakers want to halt. Low-income Medicaid recipients must not be coerced into wrongly handing over their checks for fear of being kicked out of their homes, wrote Neal and Pallone. We are not aware of widespread issues with resident stimulus funds," the American Health Care Association said in a statement. Generally, a Medicaid recipients taxable income is taken into account in determining their eligibility for the program. CMS chief Seema Verma tweeted on Tuesday that nursing homes engaging in this behavior will be subject to enforcement action.

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