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Introduced March 1, 2021 with Reps. Jayapal and Boyle and reintroduced March 19, 2024, the bill taxes household net worth every year, not income, and adds a 40% exit tax on net worth above $50 million for those who re...
CAP's report does put the average increase for borrowers moving from SAVE to RAP at $2,163 a year, with costs varying by income. CAP says its figures were calculated from national median income at each education level...
Wages: she is right. Average hourly pay rose 3.0% over the 12 months to September while prices rose 3.7%, so real wages fell 0.7%. Unemployment: 'rising' rests on a one-month tick. The rate went from 4.1% in August to...
The bill would tax net worth above $50 million at 2% a year and above $1 billion at 3%, plus a 40% exit tax on people who renounce citizenship. Her $6.2 trillion revenue claim is about three times Penn Wharton's estim...
Massachusetts passed a Qualified Data Center Sales and Use Tax Exemption in 2024. It gives data centers a 20-year exemption if they meet certain requirements. Gov. Maura Healey signed the law that created it. Healey p...
The CFPB's own enforcement page credited the bureau with about $19.7 billion in consumer relief to about 195 million consumers or accounts as of January 30, 2025; Warren's Banking Committee minority staff now cite ove...