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The Hill's 12:30 Report - Presented by Facebook - Texas Dems flee to Washington

The Hill's 12:30 Report - Presented by Facebook - Texas Dems flee to Washington
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On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments

On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments
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On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments

On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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On The Money: Jobs report poised to boost or hinder Biden's agenda | Jobless claims fall to new pandemic low | 130 countries announce support for global minimum tax

By the numbers:
Economists expect the U.S. to have added roughly 700,000 jobs in June, compared with the previous month’s 559,000, bringing the unemployment rate down 0.1 percentage point to 5.7 percent.
Analysts say a wide range of private sector data measuring payrolls, travel and mobile purchases have shown consumer activity hitting new pandemic highs all positive signs for the job market.
“There have been really striking improvements, and a lot of high frequency indicators of economic activity point in the direction of increased employer demand for workers,” said Julia Pollak, labor economist at ZipRecruiter.
Even so, economists say the U.S. has not yet been able to declare its independence from COVID-19’s weight on the labor market. I explain why here. ....

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On The Money: IRS faces 35 million unprocessed tax returns | Robinhood to pay record $70 million settlement

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THE BIG DEAL IRS ended filing season with 35M unprocessed tax returns: The IRS ended this year’s filing season with more than 35 million individual and business tax returns that have not yet been processed, according to an independent watchdog report released Wednesday.
The report, conducted by the National Taxpayer Advocate s office at the IRS, found that while most taxpayers were able to successfully file their returns and receive refunds, a record number of Americans did not.
The number of unprocessed tax returns is more than four times greater than the number recorded at the end of the 2019 pre-pandemic filing season. ....

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