Sen. | Common News Update

Mar82021 by adminNo Comments

Sen. Joe Manchin open to party-line vote on future bills with voting rights legislation now in focus

Finance

Senator Joe Manchin (D-WVA) removes his mask to speak as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus disease (COVID-19) relief legislation at a news conference on Capitol Hill in Washington, December 1, 2020.Kevin Lamarque | ReutersSen. Joe Manchin, the moderate Democrat from West Virginia, said he would consider passing legislation through a party-line vote again but only in a situation where Democrats have tried to engage Republicans.Manchin's comments come as the Biden administration and Democratic lawmakers look toward other top priorities, including voting rights legislation, after they passed a $ 1.9 trillion Covid relief bill without any Republican support in the evenly divided Senate this weekend.The massive stimulus package was ...

Nov52019 by adminNo Comments

Jamie Dimon says Sen. Elizabeth Warren ‘vilifies successful people’

Finance

Jamie Dimon is wading into the ongoing feud between Sen. Elizabeth Warren and American billionaires including money manager Leon Cooperman.Dimon, himself a billionaire thanks to his decades running some of the biggest U.S. lenders, was asked by CNBC's Wilfred Frost if presidential hopeful Warren was anti-business."You really have to ask her what she really means," Dimon said in the interview, parts of which were scheduled to air on CNBC's "Closing Bell.""She uses some pretty harsh words, you know, some would say vilifies successful people," Dimon said. "I don't like vilifying anybody. I think we should applaud successful people."Warren has been chiding billionaires critical of her proposal to raise taxes on the ultra rich to help defray the costs of her ambitious plans to reduce inequality...

Apr122019 by adminNo Comments

3 big tax planning takeaways from Sen. Elizabeth Warren’s 2018 return

Finance

Say what you will about presidential hopeful Sen. Elizabeth Warren, D-Mass., but it looks like she's getting some good tax advice. Warren released her 2018 tax return Wednesday. She filed jointly with her husband Bruce H. Mann, a professor at Harvard Law School. The two reported total income of $ 905,742 and paid total taxes of $ 230,965, according to the return. The couple didn't get a refund. Rather, they owed the IRS $ 24,477 in taxes. They weren't on the hook for underpayment penalties. "...

Jan252019 by adminNo Comments

Moving overseas won't help the very rich dodge Sen. Warren's wealth-tax plan

Finance

Are you getting rattled by some Democrats' talk of higher taxes and are now thinking a move abroad would shield you? Guess again. Unlike many countries, the United States imposes taxes on its citizens no matter where they choose to live. "If you're a U.S. citizen or a greencard holder — a lawful permanent resident — you'll continue to file and pay taxes to the United States regardless of whether you have any association with the U.S. any more," said Kenneth Freshman, a partner and director of global tax services at accounting firm KLR. ...

Jan32019 by adminNo Comments

Sen. Orrin Hatch’s influence of US health care

Health

This story is from Kaiser Health News Sen. Orrin Hatch, the Utah Republican retiring from 42 years in the Senate as a new generation is sworn in, leaves a long list of achievements in health care. Some were more controversial than others. Hatch played key roles in shepherding the 1983 Orphan Drug Act to promote drug development for rare diseases, and the 1984 National Organ Transplant Act, which helped create a national transplant registry. And in 1995, when many people with AIDS were still feeling marginalized by society and elected leaders, he testified before the Senate about reauthorizing funding for his Ryan White CARE Act to treat uninsured people who have HIV. “AIDS does not play favorites,” Hatch told other senators. &ldquo...