#obbba

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US politics
fromSFGATE
1 week ago

400,000 Retirees in New Mexico Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

A new senior deduction can eliminate federal income tax on Social Security for most retirees, saving many older New Mexicans money.
#senior-deduction
fromSFGATE
1 week ago
US politics

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

fromSFGATE
1 week ago
US politics

3.3 Million Retirees in New York Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

fromSFGATE
1 week ago
US politics

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

fromSFGATE
1 week ago
US politics

3.3 Million Retirees in New York Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

US politics
fromFortune
2 weeks ago

Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm, mostly for higher-income people, BofA says | Fortune

OBBBA will boost 2026 tax refunds by about $65 billion, disproportionately aiding middle- and higher-income households and worsening the U.S. K-shaped economic divide.
fromFortune
1 month ago

Why restricting graduate loans will bankrupt America's talent supply chain | Fortune

What's becoming clear is that this divide is no longer confined to the labor market. It's now embedded in its foundation: education. When access to advanced degrees depends not on ability or workforce demand, but on whether a household can absorb six figures of upfront cost, stratification accelerates. The upper branch compounds advantage through credentialed mobility. The lower branch absorbs risk, debt, and stalled progression.
Higher education
US politics
fromFortune
3 months ago

The OBBBA has a significant tax change for founders tucked away inside, lifting the cap to $75 million with many opportunities to turbo-charge business | Fortune

OBBBA expands QSBS: raises per-issuer exclusion to $15M, adds partial exclusions from year three, and raises gross asset cap to $75M.
Public health
fromwww.npr.org
5 months ago

On Texas border, uninsured people stress the health system. It's set to get worse

Cuts from the new tax-and-spending law and expiring ACA subsidies will reduce insurance coverage and strain hospitals and providers serving high-uninsured communities.
fromFortune
5 months ago

This 'economic sugar high' won't last, CRFB warns, touting analysis predicting long-term stagnation and $600 billion of annual borrowing through 2028

According to the detailed assessment from the nonpartisan budget watchdog, OBBBA will deliver a significant boost to economic output in the near term, with estimates showing growth rates could climb by nearly 1% in 2026, driven by increased demand and one-time incentives for labor and investment. However, the organization stresses this burst of activity is fleeting and warns projected long-term growth will stagnate as additional borrowing burdens the economy.
US politics
fromwww.housingwire.com
7 months ago

Where Trump's higher SALT deduction cap has the most impact

The TCJA capped the SALT deduction at $10,000 for married couples and $5,000 for individuals, while the OBBBA raised the cap to $40,000 and $20,000 respectively.
US politics
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