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Tag: plan

What to know about tax credits in the American Rescue Plan

Finance
kate_sept2004 | E+ | Getty ImagesMany Americans will pocket some extra money this year and next courtesy of changes the American Rescue Plan made to a handful of tax credits.The $ 1.9 trillion Covid relief measure tweaked the child tax credit, earned income credit, and child and dependent care credit.The changes, especially those to the child tax credit, are aimed at lower earners. They're temporary and will only apply to tax season next year (for 2021 income), unless Congress extends the new rules or makes them permanent.More from Personal Finance:Biden's infrastructure plan won't raise individual taxes, for nowFourth stimulus checks are unlikely. What federal aid may be nextIRS refunds will start in May for $ 10,200 unemployment tax breakThe pandemic aid law also lets households claim ...
Biden unveils ‘once in a generation’ spending plan

Biden unveils ‘once in a generation’ spending plan

World
ReutersUS President Joe Biden has called for trillions in spending aimed at re-igniting America's economic growth by upgrading its crumbling infrastructure and tackling climate change.The $ 2.3tn (£1.7tn) proposal would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes.The spending would be partially offset by raising taxes on businesses.Those plans have already roused fierce opposition.Republicans have called the rises "a recipe for stagnation and decline", while powerful business lobby groups including the Business Roundtable and Chamber of Commerce said they supported investments but would oppose tax increases.The pushback is a sign of the tough fight ahead for the plan, which needs approval from Congress.Acrimony loomsJoe Bi

Stock trading app company Robinhood files plan to go public

Technology
Stock trading app company Robinhood says it has submitted a confidential plan to go public later this yearByThe Associated PressMarch 23, 2021, 10:17 PM• 2 min readCHARLOTTE, N.C. -- Stock trading app company Robinhood said Tuesday that it has submitted a confidential plan to go public later this year.The company based in Menlo Park, California, filed the paperwork with the Securities and Exchange Commission while at the center of a battle between online activist retail investors and institutional investors over companies such as GameStop and AMC Entertainment. Robinhood had to restrict trading of those companies earlier in the year, and has been subject to congressional investigations.Robinhood did not disclose the size of its initial public offering, or where it plans to trade its stock.
Government has no climate change plan – MPs

Government has no climate change plan – MPs

Science
Getty ImagesThe government has been hit by a double whammy of reports from MPs criticising its performance on climate change.The influential Public Accounts Committee (PAC) says ministers have "no plan" to meet climate change targets, two years after setting them in law.And the business committee says the vital UN climate conference scheduled for Glasgow in November will fail unless its goals are made clear. The government says both reports are inaccurate and unfair.The PAC's report says ministers still don't have a coordinated strategy to realise the goal of removing almost all the carbon emissions from Britain by 2050. No 'green revolution' in Budget, critics sayWhy the battle for British coal matters to the worldDemands grow for 'green industrial revolution'The report notes that the gov...

Op-ed: Families should plan to negotiate with colleges for more financial aid due to pandemic

Finance
recep-bg | E+ | Getty ImagesSpring typically represents a new beginning, a fresh start and a bright outlook for the future. This also indicates that the time is approaching for hundreds of thousands of high school seniors to decide on what college they will be attending.As a wealth advisor and parent of one of those upcoming high school graduates, this is on my list personally and something we have been planning for a long time. These plans have been complicated by the pandemic and all its impact. However, at the same time, they may present a unique opportunity for the class of 2021.Right now, colleges have been impacted financially due to the pandemic and are focused on maintaining their enrollments with the upcoming class.Many people do not even realize that negotiation is a possibility....