americanrescueplan
Energy Secretary Jennifer Granholm visited a Baptist church community center in West Columbia, South Carolina, this week to praise President Joe Biden’s administration’s promotion of energy-efficient products and services. Granholm explained the tax credits available to consumers who buy energy-efficient solar panels, electric vehicles and induction stoves, preaching that the administration’s aim is simply to put money in the hands of Americans and allow them to breathe cleaner air. The Energy Secretary’s trip to the South is one of many on the “Investing in America” tour, which is a Biden adm...
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Earlier this year, as Congress debated President Joe Biden‘s landmark infrastructure legislation, Chairman of the House Budget Committee John Yarmuth (D-Kentucky) predicted that Republicans would vote against the final bill and then take credit for the benefits it provides to their constituents. GOP lawmakers did precisely that after former President Barack Obama signed the American Recovery and Reinvestment Act and the Patient Protection and Affordable Care Act (a.k.a. Obamacare) into law in 2009 and after Biden inked his signature onto the American Rescue Plan earlier this year – all of whic...
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The nationwide COVID-19 residential eviction moratorium is set to expire at midnight Saturday. But the Biden administration didn’t extend the moratorium, and Democrats in Congress couldn’t gather enough votes to reinstate it. As a result, millions of American tenants are at risk of losing their homes. President Joe Biden on Friday released a statement, saying that the state and local governments have the funds from American Rescue Plan to work on this issue instead. “State and local governments began receiving Emergency Rental Assistance funding in February and were eligible for an additional ...
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President Joe Biden Thursday mocked Republicans for promoting the American Rescue Plan that they voted against during his visit to Cleveland. No Republican Congress member voted for the rescue package when it passed in March. “My Republican friends in Congress — not a single one of them voted for the rescue plan. I’m not going to embarrass any one of them, but I have here a list about how back in their districts, they’re bragging about the rescue plan,” Biden said. “I mean, some people have no shame. But I’m happy they know that it benefited their constituents.” Biden did not specify the names...
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Thirty-nine million households across the United States will be receiving monthly child tax credit payments starting July 15, the Biden administration announced Monday. The payments are part of the expanded child tax credit program from the American Rescue Plan, the $1.9 trillion project to help American families that are affected by the COVID-19 pandemic, which passed Congress in March. With the bill passed, the maximum payments families can receive per child is up to $3,600. About 80% of the families that qualify for the payments do not need to take additional steps to receive their funds. S...
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Missouri Gov. Mike Parson (R) said on Thursday that he does not plan to expand Medicaid due to insufficient funding from lawmakers. The extansion was approved by voters and was expected to start on July 1. Parson said in a statement: “Although I was never in support of MO HealthNet expansion, I always said that I would uphold the ballot amendment if passed. However, without a revenue source or funding authority from the General Assembly, we are unable to proceed with the expansion at this time and must withdraw our State Plan Amendments to ensure Missouri’s existing MO HealthNet program remain...
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House Speaker Nancy Pelosi (D-California) called out House Minority Leader Kevin McCarthy (R-California) for trying to take credit for a provision of the American Rescue Plan COVID-19 stimulus package that he fought vehemently against when the bill was up for debate in the House. “Applications for the SBA’s Restaurant Revitalization Fund open this Monday, May 3rd,” McCarthy wrote in a Facebook post. The fund provides eligible restaurants with up to $10 million, but no more than $5 million per location in funding. Restaurants do not have to pay back the sum as long as it contributes solely to p...
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Letters signed by President Joe Biden from then Internal Revenue Service have been sent out to Americans across the country this week. The letters are to inform the beneficiaries of COVID-19 direct relief stimulus checks of the money they were entitled to. “My fellow American, on March 11, 2021, I signed into law the American Rescue Plan, a law that will help vaccinate America and deliver immediate economic relief to hundreds of millions of Americans, including you,” the letter reads. “This fulfills a promise I made to you, and will help get millions of Americans through this crisis.” The Amer...
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A combination of the March 2021 stimulus package and new tax proposals from President Joe Biden have led to low- and middle-income Americans paying less in taxes while those in the country’s highest tax brackets are paying slightly more. Americans making less than $75,000 annually will often owe nothing in federal income taxes. Democrat tax proposals are also kind to Americans making between $75,000 and $100,000, as they will only pay a 1.8% tax rate, as predicted by the Joint Committee on Taxation (JCT). The committee also notes that Americans making more than $500,000 will pay more than two-...
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The Internal Revenue Service (IRS) announced on Wednesday that it will extend the tax filing period for Americans until May 17. The decision was announced by Reps. Bill Pascrell (D-New Jersey) and Richard Neal (D-Massachusetts). “Almost a year later, we are still grappling with the massive economic, logistical and health challenges wrought by this devastating pandemic,” the representatives said in a letter to the IRS. The move was already recommended by Rep. Jamie Raskin (D-Maryland) and Sen. Mike Crapo (R-Idaho), citing the COVID-19 pandemic as cause enough for adjustment. “The various corona...
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