This is a carousel. Use Next and Previous buttons to navigate 8 WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. For years, Democrats have promised to raise taxes on such investors, who pay a significantly lower rate on their earnings than ordinary workers. But just as they closed in on that goal last week, Sinema forced a series of changes to her party’s $740 billion election-year spending package, eliminating a proposed “carried interest” tax increase on private equity earnings while securing a $35 billion exemption that will spare much of the industry from a separate tax increase other huge corporations now have to pay. The bill, with … [Read more...] about Sinema took Wall Street money while killing tax on investors
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In mere days, Mississippi will end its participation in the federal pandemic rental assistance program that has kept people facing eviction in their homes during the past two years of economic turbulence. The state still has $130 million in federal cash to run the program, but Gov. Tate Reeves , a Republican, said early this month that next Monday would be the last day to apply for assistance. Once Mississippi finishes processing the remaining claims, they will be returning the leftover money to the U.S. Treasury, which maintains oversight of the spending. The program's end comes as rental prices in Mississippi have skyrocketed and a large percentage of those behind on their rent or mortgage said they are at risk of losing their home in the next two months, according to U.S. Census data. The Rental Assistance for Mississippians Program, or RAMP, offered up to 15 months of rental and utility bill assistance for those in need. It was funded by two Covid-19 economic bills … [Read more...] about Mississippi will send back fed’s rental aid, even as housing needs remain high
Photo-Illustration: The Strategist The state of sales is truly excellent as we close out the week with sizable discounts on a number of Strategist-favorite brands across the kitchen, home, and fashion worlds. There’s the best blender for making multiple smoothies at once, 50 percent off a truly excellent bike helmet , writer Molly Young’s favorite foot peel , and much more. (As always, if you want even more deals sent straight to your inbox, sign up for our email newsletter .) Birkenstock Arizona Big Buckle Slide Sandal $160 now 26% off From $119 We’re starting things off strong with some rarely on-sale Birkenstocks at Nordstrom. Designed for high summer, the usual black soles have been swapped for white with the typically neutral straps making way for a much cheerier green. From $119 at Nordstrom Buy Le Creuset 9 1/2-Inch Square Griddle Pan $100 $168 now 40% off $100 For … [Read more...] about 19 Things on Sale You’ll Actually Want to Buy: From Ninja to Isabel Marant
Seventeen-year-old Anthony Templet shocked the nation when he shot his father three times in their Louisiana home. However, the dark secrets that would soon emerge would be even more disturbing. The 2019 murder is the subject of a three-part, Netflix documentary, " I Just Killed My Dad ," which premieres on Tuesday. At the center of the crime is the unassuming four-bedroom, three-bathroom house in a quiet Baton Rouge, LA , neighborhood where Anthony alleges years of abuse and isolation occurred before the situation erupted violently. On June 3, 2019, Anthony said he was sleeping in his room in the house when his father, who was drunk, woke him up around 3 a.m. Burt Templet was going through Anthony's cellphone to see if his son had been communicating with Burt's estranged wife. (She had taken out a 55-page restraining order against Burt, alleging physical abuse and threats.) Anthony claims his father then tried to hit him, but he escaped to his father's bedroom. Anthony … [Read more...] about What Happened to the House of Horrors at the Center of Netflix’s ‘I Just Killed My Dad’ Documentary?
This is a carousel. Use Next and Previous buttons to navigate 3 San Francisco wants to extend the pandemic-era program used to shelter homeless people in hotels through the end of the year as official face the daunting task of rehousing hundreds of people still living in them. Officials and advocates said the program helped to reduce the number of people living on city streets over the past two years. Advocates protested shutting down sites, wanting to keep filling them as temporary shelters even if permanent housing is uncertain , although some question how effective it’s been in getting people into long-term housing and treatment. The city also now faces millions of dollars in claims for property damage from hotel owners. Since April 2020, the program has sheltered 3,771 people in 25 hotels, according to the homelessness department. Less than half of the people who exited hotels went into permanent housing and few have entered residential … [Read more...] about S.F. wants to extend hotel homeless shelters, but are residents housed when they leave?
6 Restaurants & Bars "Holy cow, I remember when that was the only real restaurant in Bolingbrook," one user said of the local establishment on Patch. Emily Rosca , Patch Staff Posted | Updated Replies BOLINGBROOK, IL — Longtime owners of Bolingbrook staple Family Square Restaurant are retiring, with new owners and a new eatery taking its place, prompting an outpour of support from locals who've frequented the restaurant for years. "Thank you so much for your services! You will be missed," another person commented on Facebook . "So sad, I love this place and will miss going there!! Always so nice and enjoyed so many things about this place," someone else said about the closing on Facebook. "Holy cow, I remember when that was the only real restaurant in Bolingbrook," one user said of the local establishment on Patch. Although Family Square, at 372 S. Bolingbrook Drive, closed its doors for good … [Read more...] about Family Square Closes, New Pancake House To Open In Its Wake
WASHINGTON — House Democrats on Friday passed a sweeping healthcare, tax and climate change bill. Now they have to sell it. The vote was 220 to 207, with all Democrats voting in favor and all Republicans opposing it. With the midterm elections quickly approaching, congressional Democrats have had a series of legislative victories in recent weeks — expanding NATO, securing healthcare and benefits for veterans exposed to toxic burn pits, investing nearly $53 billion into the U.S. semiconductor industry and passing bipartisan gun safety legislation. That momentum has culminated in the passage of the Inflation Reduction Act, an offshoot of the many versions of President Biden’s failed Build Back Better Act. The Inflation Reduction Act, which the Senate passed Sunday with Vice President Kamala Harris breaking a tie, now heads to President Biden’s desk for his signature. With Biden poised to sign the bill into law in the coming days, House Democrats say their focus should now … [Read more...] about House Democrats pass sweeping healthcare, tax and climate bill
close Video IRS could use Inflation Reduction Act's spending boost to target conservative groups NEW You can now listen to Fox News articles! Friday the House of Representatives is meeting in an unprecedented mid-August session to consider legislation Democrats have dubbed the "Inflation Reduction Act." Economists agree this massive spending package will do little to nothing to curb our 8.5% inflation rate. This package will, however, vastly expand the power of the Internal Revenue Service (IRS) to conduct costly audits of families and family businesses. Historically, the IRS has estimated voluntary tax compliance hovers around 80 percent. At the end of Fiscal Year 2021, the IRS employed 15,482 customer service representatives and over 24,000 revenue agents, tax examiners, revenue officers, special agents, and attorneys. According to the Taxpayer Advocate Service, some 21.3 million paper tax returns were waiting to be processed as of … [Read more...] about America’s taxpayers don’t need more IRS agents and audits, they need better customer service
Rep. Elise Stefanik (R-NY) and other top Republicans made it clear this week that they are committed to an immediate investigation into the “weaponization” of the Department of Justice (DOJ) and FBI in targeting former President Donald Trump following the recent raid of his Mar-a-Lago home. During a press conference Friday, Stefanik made it clear that a Republican-led House will “leave no stone unturned” when it comes to President Biden’s “weaponization” of the DOJ and FBI against Trump, whom she identified as President Biden’s most likely 2024 political opponent. “Republicans are committed to immediate oversight, accountability, and a fulsome investigation to provide needed transparency and answers to the American people regarding Joe Biden and his administration’s weaponization of the Department of Justice and FBI against Joe Biden’s political opponents,” Stefanik said. Former President Donald Trump’s Mar-a-Lago resort in Palm Beach, Florida. (Charles Trainor Jr./Miami … [Read more...] about Elise Stefanik: House Republicans Will Leave ‘No Stone Unturned’
Illustration: Michael Houtz When we think about the economy, there’s a tendency to rush headfirst into the swirl of numbers moving up or down each month, plot them on angular charts, and spin out a story of what it all means. Inflation, unemployment, pay raises, gas prices — together, these indicators are supposed to jell into a coherent narrative and tell us where we’re going. The problem with the current economy is that the numbers don’t make any sense. Less than a month ago, some commentators were claiming we were already in a recession , thanks to two consecutive quarters of negative GDP growth. Then the July jobs report hit, showing that the economy had added a staggering 528,000 jobs and that the unemployment rate hit a 53-year low. Prices are high, everything is expensive, and it’s sometimes impossible to find baby formula on the shelves — but for many workers, the pandemic economy has seen the balance of power shift in their favor with more people switching jobs … [Read more...] about Are We in a Recession or a Vibecession?