Trump has promised to lower consumer prices, but two ideas he proposes, mass deportations of immigrants and broad-based tariffs, could result in rapid price increases.
Only a handful of government employees spend their days writing or even enforcing rules. The vast majority distribute benefits or provide direct services to the public.
Trump has promised to lower consumer prices, but two ideas he proposes, mass deportations of immigrants and broad-based tariffs, could result in rapid price increases.
In 2022, after the state increased its asset limit to $130,000, it figured 12,189 people became newly eligible for the benefits—about a 1 percent increase.
He proposed exempting Social Security benefits from income tax, which would effectively raise benefits for those higher-income retirees now subject to the levy.
On Tuesday, they easily rejected a ballot initiative that would have killed the far-reaching law. It provides up to $36,500 in long-term care insurance benefits.
Harris backs tax cuts for low- and moderate-income households. Trump has proposed big tariffs and tax cuts aimed at specific, but disparate, constituencies.
The fate of federal long-term care reform will largely depend on the outcome of the coming election. But here’s a quick look at the pros and cons of several designs:
Trump’s plan would lower average after-tax household incomes by 2.9 percent, or nearly $3,000. It would boost tax revenue by about $4.5 trillion over 10 years.
She’s suggesting an historic change in the health care system for older adults and some younger people with disabilities. But her idea raises important questions.
TPC projected that more than 70 percent of households making about $113,000 or less (the lowest-income half) would benefit from at least one of these three tax breaks.
Both candidates want to appear to favor bold steps to fight inflation. But neither has plans to reduce government spending or raise taxes to moderate price growth.
A worldwide 10% tariff and a 60% tariff on Chinese goods proposed by former president Donald Trump would lower average after-tax incomes by about $1,800.
New biomarker blood tests are an important advancement for researchers. But the benefits for real-world patients are more modest than all the breathless hype suggests.