Tag: Finance News
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Alternative Vision: Proposed Cuts to Taxes and Federal Spending Challenge President Biden’s Tax Increase Plan
The president aims to raise federal taxes by $4.7 trillion and increase spending by $1.8 trillion over the next decade, stating that this plan would reduce the 10-year deficit by $2.9 trillion. The focus in Congress has shifted from resolving the federal debt ceiling “crisis” to addressing the federal budget for the fiscal year 2024,…
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House Conservatives US Federal Budget Plan Focuses On Social Security And Medicare Changes
Last Wednesday, the House conservatives proposed a new US federal budget plan raising the US retirement age to collect Social Security. The US Federal Budget Plan promises to shore up the affluence of Social Security and Medicare The largest coalition of House conservatives proposed a fiscal blueprint US federal budget plan that promises the…
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Baltimore Residents To Receive Rental Assistance Under $3 Million Emergency Funding
Eligible residents in Baltimore will expect relief under the $3 million in emergency rental assistance. Baltimore Residents Will Receive Assistance Following the Launching of Emergency Rental Assistance Following the launching of the $3 million in Emergency Rental Assistance, eligible residents in Baltimore will expect to receive relief, which will greatly help low-income families who are…
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Eviction Filings Increase Over Rent, House Price Raises In Several Cities Alarms Democrats
Eviction filings increase due to rent and house price raises in several cities alarmed Democrats. Democrats Urge Congress to Pass Bill to Stop Illegal Evictions and Provide Relief to Evictees Following Eviction Filings Increase Following the increase in eviction filings, Democrats urged Congress to pass a bill that would lessen the illegal evictions and provide…
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Nvidia’s Shockingly Low Federal Tax Payments Raise Concerns Despite Trillion-Dollar Club Membership
The company reported revenues of $26.97 billion in the fiscal year 2023, $26.91 billion in 2022, and $16.67 billion in 2021. Nvidia, the latest addition to the trillion-dollar club, has come under scrutiny for paying surprisingly low amounts of federal taxes despite its staggering revenue Its annual income tax payments during that period amounted to…
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Eviction Crisis Surges as Pandemic Protections End, Leaving Vulnerable Tenants Homeless
The alarming rise in eviction filings by landlords is fueled by escalating rents and a persistent shortage of affordable housing. Evictions have surged across the United States as pandemic protections come to an end, leaving millions of vulnerable tenants facing homelessness Many low-income tenants no longer have access to pandemic resources that had helped keep…
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Potential Social Security Cuts Loom as U.S. Budget Negotiations Continue
Although the recent agreement to raise the U.S. debt ceiling temporarily averted an economic crisis, it deferred addressing major budgetary issues such as Social Security. Social Security could face potential cuts as part of efforts to reduce the U.S. deficit, according to recent developments in budget negotiations House Speaker Kevin McCarthy plans to establish a…
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Mayor Adams Reforms ’90-Day Rule’ to Streamline Housing Assistance for the Homeless
This new policy aims to address the pressing issue of homelessness in our city and offer greater support to those in need. Mayor Adams has announced a significant change to the “90-day rule,” which mandated a three-month stay in a homeless shelter before individuals could become eligible for a housing voucher to assist with rental…
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Childcare Aid Program Will Help More Than 500 Children Through Partnership Of ELC And Leon County CSC
Many parents are struggling to pay childcare expenses. Childcare aid program through a new partnership between the Leon County Children’s Services Council and the Early Learning Coalition of the Big Bend will help qualified parents to pay childcare expenses. The Leon County Children’s Services Council will provide $250,000 childcare aid to target the Asset…
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Illinois State to Close Enrollment for Health Insurance Program for Immigrants Due to Budget Constraints
The decision comes as a result of rising costs that exceeded initial budget projections. Illinois Governor J.B. Pritzker’s administration has announced the closure of enrollment for a state-funded health insurance program for immigrants under 65 who are residing in the country without legal permission The move has faced criticism from Latino legislators and an immigrant…