Author: Heather Long
-
House Republicans have a little-known plan to raise taxes on teachers by $2 billion
Every year, Brooke Richardson, who teaches English as a second language to mostly low-income Hispanic students in Atlanta, turns to her own pocketbook to help her students. She has lost track of how many pencils, markers, notebooks and glue sticks she buys a year. Then there are the marshmallows and cotton balls for hands-on projects.…
-
Nearly 81 million Americans would pay $0 in federal income tax under the GOP plan
WASHINGTON – If the House GOP tax plan becomes law, nearly 81 million Americans – 47.5 percent of all tax filers – would pay nothing in federal income taxes next year, according to a calculation by research firm Evercore ISI. That’s an increase of more than 6 million additional tax filers owing nothing in income…
-
Trump nominates Jerome Powell for Fed chair
President Donald Trump nominated Jerome H. Powell as the next chair of the Federal Reserve on Thursday. If confirmed by the Senate, Powell would begin serving as chair in February, replacing Janet L. Yellen, a Democrat whom Trump has at times praised but many Republicans wanted replaced. So who is Powell? In 2011, when Republicans…
-
Winners and losers in the GOP tax plan
Republicans unveiled their bill to overhaul the U.S. tax code Thursday morning, and there were some major winners and losers. The top GOP tax writer, House Ways and Means Committee Chairman Kevin Brady (R-Tex.), foreshadowed just how hard it would be to craft the biggest rewrite of the tax code since 1986 when he said in August: “Tax reform…
-
What President Trump means for your pocketbook
As Trump predicted, Americans were fed up with politics as usual and voted for something completely different. In addition to vows to shake up Washington, Trump promised to bring his business success to the White House. In his victory speech, Trump said he would usher in “the strongest economy anywhere in the world.” He has…