Aaron Lorenzo
Aaron Lorenzo
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Democrats plot their Plan B to save minimum wage hike

Democrats plot their Plan B to save minimum wage hike

Notably, some Republicans have backed a wage bump, but with extra strings that would divide Democrats.Senate Budget Chair Bernie Sanders and other progressives aren't yet ready to ditch the $15 figure. | Graeme Jennings/Pool via APDemocrats are scrambling to piece together a backup plan that could save their minimum wage hike from getting tossed out of President Joe Biden’s $1.9 trillion relief package and win over moderates wary of the proposal.The budget tool that Democrats are using to steer Biden’s plan through Congress without GOP support, known as reconciliation, is laden with thorny...

February 22, 2021
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Stimulus payments being cut for some with government debts - POLITICO

Stimulus payments being cut for some with government debts - POLITICO

Congress allowed the reductions for people behind on taxes, student loan payments and other obligationsEconomic stimulus checks. | Jeff Fusco/Getty ImagesMillions of people who owe taxes and other money to the government are seeing their economic stimulus payments cut or wiped out to cover the debts because Congress peeled back a protection that had been in place for months.The cuts may be particularly hitting those most in need of relief money because of the coronavirus pandemic, including veterans, Social Security recipients and students.The problem has arisen because the IRS is...

January 29, 2021
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Trump's big tax breaks could make it easier for Biden to sell tax hikes on wealthy

Trump's big tax breaks could make it easier for Biden to sell tax hikes on wealthy

Biden has floated trillions of dollars in new taxes on the rich to pay for policies like student debt forgiveness and expanded childcare.President Donald Trump gestures before boarding Marine One on the South Lawn of the White House. | Drew Angerer/Getty ImagesRevelations that President Donald Trump paid no federal income taxes for years could energize Democratic efforts to hike taxes on the wealthy, should former Vice President Joe Biden capture the White House in November.But Democrats on Capitol Hill don’t plan to go after the tax provisions that allowed Trump to pay virtually no taxes —...

September 30, 2020
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