Money Today That Matters Tomorrow
The supreme courts 5-4 ruling in favor of President Obama’s health care plan means that most of the act’s provisions will now go into action. You can find details of these here, but to summarize: Starting in 2013 The legislation for the first time would place a $2,500 limit on …
See this updated article for the latest program information on Food Stamp (SNAP) benefits and eligibility levels [Updated August 2011] The Federal Food Stamp Program is now known as the Supplemental Nutrition Assistance Program (SNAP). With the stimulus aspects of this program set to expire at the end of this year following the debt …
With payments for the initial round of stimulus checks underway, do you think the government will be rolling out more stimulus checks later this year? [Update] – The answer was clearly Yes, with two more stimulus checks paid in 2021. There is already talk that stimulus checks could become an …
President Joe Biden’s $1.9 trillion stimulus proposal called the American Rescue Plan (ARP) has now been passed in Congress. It contains several provisions to help small business, local governments and low and middle class households. This includes additional economic impact payments (a.k.a stimulus checks) and a further extension of unemployment benefits. You can see …
[2013 Update] As part of the deal to avert the fiscal cliff, legislated under the American Taxpayer Relief Act (ATRA) of 2012, certain energy tax credits were extended into 2013.  You can read this article for an overview of these credits and other 2013 income tax related changes. The$500 tax credit for installing …
Cash for Clunkers program Update: Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m on Monday to get refunded for the CARS subsidy. To date, the program has recorded more than 457,000 dealer transactions worth $1.9 billion in rebates. “With a date certain, NADA is …
Under the Biden administration’s nearly $2 trillion stimulus package, also known as the American Rescue Plan (ARP), provisions have been added to provide relief for many Americans to save on private health Insurance if they are out of a job, and on COBRA benefit from their employer or getting insurance via …
[Update Sep 2010] Following on from President Obama’s plans to help small business, Congress and the President have approved the Small Business Jobs Bill ( H.R. 5297) to cut taxes, provide more SBA funding and ease credit for small businesses (details below). The legislation would create a $30 billion lending program and provide small …
The Bureau of Labor Statistics released the latest unemployment report showing that the US economy has now lost at least 650,000 jobs for three consecutive months, the worst decline in percentage terms over that length of time since 1975. The rise in the unemployment rate from 7.6% to 8.1% translates …
One of the corner stones in President Biden’s recently announced $3.6 trillion budget was to raise taxes on the rich in order to cut the budget deficit and fund many of his ambitious programs over the next decade. The prime focus of his tax reforms were the richest 2% of …
What a month! The nearly trillion dollar economic stimulus package was finally approved by Congress and signed into law. The size of the stimulus is truly mind boggling – $787,000,000,000 (9 zeros!) – and works out to about $2,600 per American. To put in perspective, if the stimulus were a …
See the latest on unemployment benefit extensions. [2008 Stimulus Package] Continuing with my in depth coverage of “Your Money in the Stimulus” series, it is was good to see that the final version of President Obama’s economic stimulus package retained benefits for the unemployed, disabled and under insured. With millions …
Under the Inflation Reduction Act (IRA), a $7,500 EV Tax Credit Extension was funded. This would be available for single filers making less than $150K a year, or $300K for joint filers. There is a cap on the price of eligible vehicles at $55,000 for eligible new cars and $80,000 …
Market watch reports that the total final cost to taxpayers of the much-maligned $700 billion Troubled Asset Relief Program (details below) will be around $50 billion, the Treasury Department estimated on Tuesday. The two-year TARP program, which officially expired on Sunday, initially used government money to make capital injections into …