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UBI is dead; guaranteed long-term income - WiredPRNews.com


UBI is dead; guaranteed long-term income
Hudson, New York and Gary, Indiana, Compton, California
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Since the year SEED’s first-year results were released in March, Tubbsi has often been asked what he has learned. “I’m tempted to say nothing,” he told me in late March.
It means that the pilot didn’t say anything that was already obvious to him: from personal experience, he knew that there weren’t many stereotypes about poor people (especially poor blacks) that were “rooted in reality”.
Tubbs was born in Stockton to a teenage mother and a father who was a prisoner. He went to Stanford with a need-based scholarship, and returned home after graduating. He was soon elected to the City Council when he was just 26 years old before becoming mayor. ....

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Josh Hawley Proposes Parent Tax Credit for Working Families


Josh Hawley Proposes Parent Tax Credit for Working Families
26 Apr 2021
Sen. Josh Hawley (R-MO) introduced legislation Monday that would create a tax credit aimed at helping working-class Americans overcome financial and economic barriers to start a family.
Hawley introduced legislation that would establish a Parent Tax Credit, a fully refundable tax credit provided through monthly advances. Hawley’s bill would create a $6,000 credit for single parents and $12,000 for married parents.
Current federal childcare programs and policies mandate both parents have a job and require their children to enroll in commercial childcare. Hawley’s office wrote in the press release that the Child and Dependent Tax Credit “frequently reserves the greatest benefits for upper-income earners.” ....

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American Rescue Plan Act of 2021: Tax Policy


On March 11, 2021, President Biden signed H.R. 1319, the American Rescue Plan Act (ARPA) passed by Congress one day earlier, into law. ARPA is the sixth major COVID-19 response legislation to become law since the spring of 2020. ARPA includes several tax policy provisions relevant to employers and their employees.
Specific tax policy provisions of the new law relevant to employers include:
Extends Employee Retention Tax Credit to December 31, 2021.
Extends Paid Leave Credit to September 20, 2021 and increases the Credit to $12,000 (up from $10,000) per employee.
Revokes an election that came into effect in 2021 to allow multinational companies to allocate their interest expenses on a worldwide basis. ....

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What's in the House's $1.9 trillion coronavirus plan


What’s in the House’s $1.9 trillion coronavirus plan
Rachel Siegel
© Jim Watson/AFP/Getty Images
US Speaker of the House, Nancy Pelosi, Democrat of California, speaks during her weekly press briefing on Capitol Hill in Washington, DC, on February 25, 2021. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
The House on Saturday plans to vote on an $1.9 trillion stimulus package, marking a crucial step toward passage of the White House’s first major piece of legislation.
President Biden unveiled his proposal, the American Rescue Plan, last month, with hundreds of billions of dollars going to vaccination programs, expanded unemployment insurance, $1,400 stimulus checks, state and local governments, school re-openings and more. ....

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