17 Burst results for "Consolidated Appropriations Act"

"consolidated appropriations act" Discussed on WCPT 820

WCPT 820

01:55 min | 2 months ago

"consolidated appropriations act" Discussed on WCPT 820

"Have not been able to export raw crude oil and raw unprocessed natural gas So on up until December 18th 2015 When president Obama signed into law the consolidated appropriations act of 2016 HR 2029 This was a giant bill because the Republicans were blocking basically every single effort by the Obama administration to pass any individual legislation to accomplish in anything frankly in the United States They blocked everything they could for the last couple of years of his presidency Throughout his presidency but in particular the last couple of years And this is in 2015 They absolutely blocked this And so he had to pass what's called omnibus legislation One giant bill that keeps the government going And of course when that happens it's really easy for Republicans to sneak in their little stuff And one of the things that got snuck into that was a repeal of that 1975 law So that law only lasted from 1975 until 2015 which is if my math is right 30 years And 85 95 yeah No maybe 40 years I just can't do math in my head that fast In any case it ended in 2015 I'm suggesting that we should bring it back That it's time I mean Ted Cruz is out there complaining that we're still importing oil from Russia Frankly I think that's going to stop very soon I don't think Congress needs to say that they're going to ban imports from Russia of Russian oil and gas because there's no way for American companies to receive it and make payment So whatever has been prepaid is going to come in and that will be the end of that But.

Obama administration Obama Ted Cruz United States Russia Congress
"consolidated appropriations act" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 6 months ago

"consolidated appropriations act" Discussed on Bloomberg Radio New York

"Estimated of course the progress of our economy of our economic recovery can't be separated from our progress against the pandemic And I know that we're all following the news about the omicron variant as the president said yesterday we're still waiting for more data But we're remains true is that our best protection against the virus is the vaccine People should get vaccinated and boosted At this point I'm confident that our recovery remains strong and is even quite remarkable when put in context We should not forget that last winter there was a risk that our economy was going to slip into a prolonged recession And there is an alternative reality where right now millions more people can not find a job or are losing the roofs over their heads It's clear that what his separated us from that counterfactual are the bouldering leaf measures Congress is enacted during the crisis The cares act the consolidated appropriations act and the American rescue plan act And it's not just the passage of these laws that has made the difference but they're effective implementation Treasury as you know was tasked with administering a large portion of the relief funds provided by Congress and under those bills During our last quarterly hearing I spoke extensively about the state and local relief program but I wanted to update you on some other measures First the American rescue plans expanded child tax credit has been sent out every month since July putting about $77 billion in the pockets of families of more than 61 million children Families are using these funds for essential needs like food and in fact according to the Census Bureau food insecurity among families with children dropped 24% after the July payments which is a profound.

Congress American rescue Treasury Census Bureau food insecurity
"consolidated appropriations act" Discussed on Words on Water

Words on Water

05:21 min | 11 months ago

"consolidated appropriations act" Discussed on Words on Water

"Program. They also work closely with a network of community action agencies or see as as we call them which serve as the sub grantee or they'll local administering agency for taking -application for those programs and most of the counties across the country. So there's actually more than a thousand different. Caa's nationwide and so that opportunity really allows us to leverage those other programs like lie heat. Cfp are cd with the new water program to maximize how much funding available for these household with their water bills. Why was this particular program the low income household water systems program. why was it established. Well you know. The past year has has been different we are still emerging from the covid nineteen pandemic so One need that congress saw was that as household lost their jobs or lost wages They They needed help paying their residential water and wastewater services they were essentially losing those services and of course through kobe so imperative that people have running water clean water to wash their hands and really reduce that transmission of the cobra virus so on december twenty seventh of twenty. Twenty congress appropriated the six hundred and thirty eight million dollars for this new program like lap through the consolidated appropriations act of twenty twenty one and then congress also created another five hundred million back on march eleventh twenty twenty one under the american rescue plan act and so the purpose of that total funding which is now over one point. One billion dollars is to provide emergency spending to assist those lower income households with paying their water and wastewater bills And really make sure that those services stay on. They're not disconnected and so the legislation from congress demand that the funding be focused on those households that pay the highest proportion of their household income towards their residential water and wastewater services. We call that their water burden and so usually that translates into a percentage of their income That they're paying towards bill. The legislation also that the funds be paid on behalf of those eligible households to owners or operators of public water systems or treatment works in order to reduce any household.

congress Caa
"consolidated appropriations act" Discussed on Native America Calling

Native America Calling

03:04 min | 1 year ago

"consolidated appropriations act" Discussed on Native America Calling

"Jeff but. I don't and monica. I don't think we've ever seen funding go directly to try in the way that it has in the wake of the pandemic in any capacity whether it's broadband or anything else and that is a game changer. Yeah that's that's one of the things that i've heard as well a jeff. You know you want to weigh in on when we have these huge chunks of money coming to to native america and the second round. We just did a show about it. There's a lot more Ability discretion to use it for things like broadband so absolutely. This is unprecedented time. And it's important that our legislators the national local level and our administrators from the president on down understand that tribes no their land best it is incumbent on tribes since this funding is coming in I should probably disclose. I co-chaired that technology and telecommunications subcommittee of the national congress american indians along with matthew and no stranger to your show and i also co the economic finance community development committee of ncaa the parent to that and one of the things we've been we've been telling working with tribes nationwide on his helping get organized at home so funding is coming. Funding is coming. There's no doubt it came in the in the consolidated appropriations act to twenty one. It came in the american rescue plan. There's new planning for billion dollar infrastructure. Bill there's no doubt that more funding will becoming just how and how much but what tribes can do now is really good organized synthesize a plan so for instance tribe leadership engaging engaging with folks like ms leonard who earlier the gentleman who called from santee to understand what's missing what needs to be addressed and how to put it into these applications and get it into motion I will tell you the one of the big asks coming from. Ncaa to to congress. And the letter. That i mentioned earlier was ten billion dollars in additional funding for the tribal burning tribal broadband connectivity grant program which is currently at ti. And and just as tracy said you know. Our thinking is cutting edge here. We're trying to be as current as possible when our advocacy and working with the administration That may move to other places are advocacy may may change that that funding go to other other administrators within the federal government. in ti. Got the first billion dollars in toronto of a tribal broadband connectivity program and unfortunately is is but for good reasons unfortunately as well behind their statutory deadline of every twenty fifth of getting the application out. It's what now june first right well. Unfortunately we're gonna have to leave it there. But thank you all so much for being on the show today. Dr tracy morris jeffrey blackwell and representative derek lindsay. Back tomorrow with.

Jeff tomorrow derek lindsay today congress second round first billion dollars ten billion dollars consolidated appropriations ac jeff billion dollar twenty fifth tracy morris jeffrey blackwell native america one toronto monica june first one of the things ms leonard
"consolidated appropriations act" Discussed on KGO 810

KGO 810

03:00 min | 1 year ago

"consolidated appropriations act" Discussed on KGO 810

"Oh, I'm America lying. Oh, so good. Man. I love that. Uh And was there anything more frustrating when it it then when it didn't connect? Oh, my gosh, and made me crazy. I'm calling it Is that picking up But I don't know why. I used to run into this too, right? Hello? Help! Hello. How are you on the phone? Are you on the phone? I need to call your father hated. Start over, Mom. Man. I hated that good old days. Now there's the emergency broadband benefit the BBB. So that once today Lucy, I think I got the It was. Oh, yeah, Pop said it to me. Pops is out in the he's. He's deep out there in Michigan Militia territory. So he said, Well, we might get some Internet What do you mean? You might get some mug. It's winter. That's out. Okay. He's got Internet. He does have Internet out there. But he says no government will pay for my Internet. Emergency broadband benefit. This is from Pops. I s P In the middle of the woods in northern Michigan Emergency broadband benefit program becomes available tomorrow, they said this yesterday. Emergency Broadband benefit program is a federal program that allows qualifying households to receive up to $50 per month discount on their Internet bill. Households in qualifying tribal lands may receive up to a $75 discount. You're I SP is participating in this program even mean program is temporary and will end once the federal funding is exhausted or six months after the Department of Health and Human Services declares an end to the code 19 Health emergency. BBB program is made possible through the Consolidated Appropriations Act of 2021 Oversight Administration are handled by the Federal Communications Commission and Universal Service Administrative company, Bob Loblaw. But what does it mean? Government might pay for your Internet. That's what it means. From the Washington Post. Maybe we could pay $50 every month toward the cost of your Internet service. It is available to all families who lost some income in the last year and earn less than $198,000, among others. The fact there will be other people. But what is the qualification? I've got this in? Let's see households eligible for the discount if a member of the household meets anyone of these criteria has an income that is at or below 135% of the federal poverty guidelines..

$50 Federal Communications Commiss Consolidated Appropriations Ac Bob Loblaw Lucy Department of Health and Human yesterday tomorrow less than $198,000 northern Michigan Michigan today last year six months up to $50 America Pop Oversight Administration Universal Service Administrati BBB
"consolidated appropriations act" Discussed on NewsRadio KFBK

NewsRadio KFBK

06:35 min | 1 year ago

"consolidated appropriations act" Discussed on NewsRadio KFBK

"Um, whatever you think about nude, I don't care. But I do think that he knows. What's going on in Congress and what could pass and what cannot, he said. This isn't going to get through and I'm going. All this other stuff has gotten through. I mean, we had We had a stimulus check for the two of them last year. Now we've had Who of them this year, and there's another one that they're proposing tonight. Yeah, The first round was the cares Act. I wish I had a date on these things. Second one was the Consolidated Appropriations Act. First one cares was $1200 per adult. Second was $600 per adult. Third round the American rescue plan $1400 per adult. Then there's that's all first ground stuff. And then this second round of stimulus checks and it just it just keeps going. I've never seen it like this phone numbers. 855295 66, 100 Stacy and Iowa. Hello, Stacey. Mm. Hi. Uh, only thing I got to say about, you know, community, college and stuff. Most of them are given out so many scholarships that you can get through your first two years without even hardly paying anything. Yeah, in my hometown and then my son Graduates senior and University of Iowa. He's getting there without any debt because we scrimp and save and pay, and he works Summers and pays his room aboard White and then some scholarships. Yeah, There was. There was a great There was a There was a great bit on Saturday night Live. Yeah, they did a thing about Actually they somebody came along and whether one or two Uh, Teach them how to save money. And they were aghast about what you have to save. How do you save? I don't know anything about that. So for the fact that you saved Congratulations. You're in the minority. Good for you saved and paid as we went. And he did a lot in the summer working full time job for, you know and saving, and then he paid his room and board all year. But some of his tuition he pays university, Iowa comes out for low income students whose parents didn't want to get off the couch and go get a job. So he's already Yeah. And someone else? Yes. Yeah. And For people who think that that is some sort of slight. I love these stories. There was one last year where some immigrant from louse Many years ago, ran from Comeere Ruse or one of those groups over there came to America. Had five daughters. I don't think the guy ever had a job that paid about the minimum wage that was about it, and he saved his money and spent was able to pay tuition for all five daughters that went to college. You can do it if you if that's your priority, But why would you prioritize it if you know that the government's going to pay for it? Let somebody else do it. Exactly. That's worth the government's where we are. We are The government ain't paying. Yeah, I are. So they're just going to take more money out of our target for someone else that Didn't care about their kids. Well, that's what this whole speech tonight is about is we need to get all this money for the families for the schools for the pre K for Health insurance premiums. All this stuff that you and I pay for And he's basically saying to America we need this money and we're going to get it from the rich people. So don't you worry, and we'll provide all these benefits. Hi. So he's willing to pay his own money. I don't know what he's wanting to know. No, He's not. He's in that top person. It got to be, Yeah. No, that doesn't apply to him. I'm sure there's a language in there on it. Yeah, well, I'll tell you what money out of it what he pays for Twister. Support someone else. I'll tell you, Stacey, your your your son is going to Have many dividends from watching you. Scrimped and saved to pay for his education and for him having to go to work the during the summers to get jobs to pay for it as well. That is a life lesson that will be a dividend for the rest of his life. He will know. What it takes. So that's an education all in itself. Anyway. Congratulations to your son and to you. For doing it the right way. I appreciate it. Dan in Springfield, Illinois. Hello, Dan. Hey, Don, How's it going? It's going. What do you think of the day? Well, you know, I'm thinking that's our our national. Our debt has grown like baseball's players. Salaries have over the last 30 years. Yeah. Remember when a baseball player you know when they made a million dollars you thought Wow. How can anybody pay a million dollars? The baseball player? Now they're making $300 million contract stuff like that. On the debt. You know what people don't talk about is the interest that we pay on that money. Well, I'll take what I checked The pie chart on the pie chart that we get. You know, you could find on the on the Internet. I make something like 70% of all the tax dollars brought in with just to pay the interest. On our loan. That money. We borrow that money that everybody comes from that money just not fabricated by the Treasury. We have to cover that money with taxpayer's dollars. So, but nobody but but say what they've been saying that for ever that you know what somebody's going to pay for this some day And yet nobody.

$600 Stacey America 70% $1400 Consolidated Appropriations Ac 855295 66 Congress Dan last year $300 million five daughters cares Act Third two this year first two years Second tonight Springfield, Illinois
"consolidated appropriations act" Discussed on SML Planning Minute

SML Planning Minute

07:34 min | 1 year ago

"consolidated appropriations act" Discussed on SML Planning Minute

"Welcome to security mutual life insurance company of new. York's snl planning minute where we share concise and thought-provoking financial ideas for individuals families and business owners security mutual. The company. that cares. Hello this is bill. Rinaldi with another edition of security mutuals. Snl planning minute in today's episode. Business owners beware of an involuntary partial plan termination due to covid nineteen twenty. Twenty was undoubtedly a very difficult year for many small business owners struggling to keep their businesses afloat while their businesses were forced to close or limit operations as a result of government mandates attempting to slow or stop the spread of the virus that resulted in the layoff of many employees. Many of those layoffs were anticipated to be temporary but as the pandemic continued into twenty twenty one additional complications. For small businesses have arisen one of those complications involved businesses that have a defined contribution retirement plan such as a 401k plan in place for the benefit of employees and the potential for a partial plan termination which can cause even greater financial hardship to a business when a partial plan termination occurs. The law requires that affected plan. Participants become fully vested in their plan benefits including employer matching contributions and profit sharing contributions. That's true even if there is a schedule that hasn't yet been fulfilled by the affected employees. The failure to comply with this rule has harsh consequences. The plant can be disqualified resulting in the loss of all tax benefits to the employer and the plan participants although the internal revenue code and the employee retirement income security act of nineteen seventy four as amended better known as orissa. Don't define what constitutes a partial plan termination. The irs in guidance has interpreted it to me that there has been a twenty percent or greater reduction in plan participation over and applicable period which is typically the plan year. Also a reduction in plan participation must be due to quote employer initiated terminations which would be terminations other than from death disability or retirement the irs acknowledges that an employer initiate termination would include events outside the employers control such as depressed economic conditions. Clearly if employees were laid off because of the pandemic those terminations would be employer initiated resulting in lower plan participation and potentially causing a partial plan termination on july thirtieth two thousand twenty the irs issued guidance that employees laid off due to the pandemic and rehired by the end of twenty twenty. We're not to be counted for purposes of partial plant termination requirements. Since we're now into twenty twenty one that guidance is not very helpful however the consolidated appropriations act of twenty one. See a twenty twenty. One was signed into law. On december twenty seven twenty twenty division ee of the a a thousand twenty one is more popularly known as the taxpayers certainty and disaster relief. Act of twenty twenty. Tc dra section two old nine of the t. c. Dra contains a temporary ruled that provides that a plan will not be treated as having had a partial plan termination during a plan year which includes the period beginning on march thirteenth twenty twenty and ending on march thirty first twenty twenty one if the number of active participants in the plan covered on march thirty first twenty twenty one is at least eighty percent of the number are march thirteen twenty twenty in other words section to oh nine of the dra provides employers until march thirty first twenty twenty one to rehire enough employees to avoid a partial termination status while that provision is helpful. The question remains as to whether the t. c. Dra goes far enough since the pandemic continues and does not appear that it will abate by march thirty first. Perhaps the new presidential administration and congress will renew this pandemic related relieved further into two thousand twenty one to avoid unintended terminations of retirement plans. In the meantime employers with 401k plans and other types of defined contribution plans need to immediately consult with their tax and legal advisors as well as their plan administrators to determine if a potential partial plan termination is a concern for them and their business as a result of the pandemic as developments occur. We'll be sure to keep you informed. The information presented is designed to provide general information regarding the subject matter covered and is current as of the date of publication. It is not intended to serve as legal tax or other financial advice related to individual situations because each person's legal tax and financial situation is different. For this reason. Please consult with your own attorney tax professional and or other advisers reducing your specific situation tax. Laws are complex and subject to change the information presented is based on current interpretation of the laws neither security mutual nor its agents are permitted to provide tax or legal advice. This podcast is brought to you by security mutual life insurance company of new york. The company the cares the content provided is intended for educational and informational purposes. Only information is provided in good faith. However the company makes no representation or warranty of any kind regarding the accuracy reliability or completeness of the information to help. Reach your goals. You need a skilled professional by your side. Contact your local security mutual life insurance advisor today as part of the planning process. He or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives for more information. Visit us at snl. Ny dot com slash snl podcast. If you enjoy this podcast tell your friends about it and be sure to give us a five star review and check us out on linked in youtube and twitter. Thanks for listening and we'll talk to you next time. The applicability of any strategy discussed is dependent upon the particular and circumstances results may vary and products and services discussed may not be appropriate for all situations. Each person's needs objectives and financial circumstances are different and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified security mutual life insurance advisor regarding their personal needs objectives and financial circumstances insurance products are issued by security mutual life insurance company of new york binghamton new york product availability and features may vary by state..

twenty percent youtube Act of twenty twenty december twenty seven twitter five star congress march thirty first march thirteenth twenty twenty march thirteen twenty twenty today Tc dra section two old nine of Rinaldi july thirtieth two consolidated appropriations ac Twenty march thirty first twenty twen nineteen twenty employee retirement income sec snl. Ny dot com
"consolidated appropriations act" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:08 min | 1 year ago

"consolidated appropriations act" Discussed on Newsradio 700 WLW

"16 sunny tomorrow with a high of 40. It is 13 degrees. Right now. News the service of my caste Rishi. Four persons dead after a hit Skip accident overnight on I 75 victim was walking on the highway when he was hit near the Mitchell Avenue exit. The driver of the car that hit the man kept ongoing police asking anyone who saw what happened to call Crime stoppers and 35 to 30 40. Columbus police officer fired after shooting an unarmed man while investigating a noise complaint. Chief of police there says the actions of Officer Adam Coy cannot be justified. Some may call this a rush to judgment. It is not We have an officer who violated his oath to comply with the rules and policies of the Columbus Division of Police. Police chief says now lifted the officer violate their policies against use of excessive force. He didn't turn on his body camera and failed to get the victim. Immediate medical help. Well, the president signed it into law. Congress waiting to see if the coronavirus relief package approved this week gets the endorsement of Donald Trump presidents called the amount of stimulus the Americans disgraceful. But the bill also funds the government. And could be federal offices might have to shut down the $900 billion coronavirus relief bill flown to Florida, where President Trump is spending the holidays. But it's still unclear if he will sign it just days before Christmas, blasting the stimulus package his own team helped negotiate. It really is a disgrace the president taking to the golf course, while relief for millions hangs in limbo. That is a B C's Rachel Scott 5th 3rd Bank today with a message for customers about the stimulus. They say that Consolidated Appropriations Act, which includes covered 19 relief is expected to pass and be signed in the law. They say If you qualify for a stimulus payment, the bank will be working hard to process payments as quickly as possible. All right. Next. Updates at 8 30 on Brian Copes NewsRadio, seven of the W Free healthcare hundreds to more than $1000 per month and disability compensation and tens of thousands for college tuition. These are just some of the U. S Department of Veterans Affairs..

officer President Trump president Officer Adam Coy Columbus Division of Police Donald Trump Columbus Rachel Scott U. S Department of Veterans Af W Free golf Florida Congress
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

02:29 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"Limit for working spouses of two thousand dollars at the time. Yeah, exactly. You know? So that they could get the same amount. Your wife. Isn't working your husband is working as as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William Roth the center introduced the Bill, of course, he deemed the Bill Roth IRA after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money, but our tax free upon distribution. Not surprisingly funds contributed to an education IRA where to be used only for educational purposes. The education IRA is now called the Coverdale education savings account Coverdale ESA. And then they they had a catch up provision. Consumer Protection Act the economic growth and tax relief reconciliation act of two thousand one increase contribution limits. And for the first time at a catch up provision for tax payers age fifty and over the. The. Lagging behind. Retirement at that time, you're saying well crap time really is flying by the also provided for non refundable credit certain contribution to IRA for one plant for one k plan. So the bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy. Protect him for most recently consolidated appropriations act twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or older in lieu of our MD's required minimum distribution, permanent part of the tax code. So we talked about that last week. Now, you can take a hundred thousand dollars and put it and transfer the funds into a QC does does what rod with your taxes? Satisfies the any also don't income. Attacks on that at all. Bution limits a hundred thousand. Yeah. Okay. Good. So where are we today? Think about this in less than a century and a half the United States is going.

IRA Bill Roth IRA William Roth United States hundred thousand dollars two thousand dollars one k
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

03:21 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"Yeah, exactly innocent that they could get the same amount. Your wife. Isn't working. Your husband is working as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William Roth the center introduced the Bill, of course, he deemed the Bill the Roth IRA after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money, but our tax free upon distribution. Not surprisingly funds contributed to an education IRA where to be used only for educational purposes. The education IRA is now called the Coverdale education savings account Coverdale ESA or yeah. Then they they had a catch up provision. Consumer Protection Act the economic growth and tax relief reconciliation act of two thousand one. Crease contribution limits and for the first time at a catch up provision for tax payer age fifteen over the. All were lagging behind. At that time, you're saying well crap time really is flying by the also the act provided for non refundable credit certain contributions to IRA's and for one plant for one k plan. The bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy protection for most recently consolidated appropriations act at twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or older in lieu of our MD's required minimum distribution, permanent part of the tax code. That's so we talked about that list week. Now, you can take a hundred thousand dollars and put it and transfer the funds into QC does does what rod with your taxes? Yeah. Take satisfies the MD any also don't income tax on that at all. Charitable contribution limits. One hundred thousand. Yeah. Okay. Good. So where are we today? Think about this in less than a century and a half the United States is going from a country with virtually no long-term financial provision for retirement to a whole palette of options, the individual retirement accounts, and it's all the different variants for a one case for three Bs thrift savings plans make up an important part of item part of the retirement income picture for all Americans. Really when you think about it. And unless you're really rich, right? Consider this RA's where originally offered only through branks and contribution to IRA accounts in the first full year, nineteen seventy-five amounted to one point four billion dollars forgot about that. You can only get it from a Bank back in the beginning. Recently, the Investment Company Institute reported that Americans currently hold more. Than eight point two trillion dollars in IRA accounts listening. Listen, just hoping things will work out doesn't mean they.

IRA Coverdale ESA William Roth MD Coverdale education Investment Company Institute United States hundred thousand dollars four billion dollars two trillion dollars one k
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

03:28 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"From two hundred and fifty dollars today annual limit for working spouses of two thousand dollars. Yeah. Exactly innocent that they could get the same amount. Your wife. Isn't working your husband is working as as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William Roth the center Turku introduced the Bill. Of course, he deemed the Bill brought Thiry after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money, but our tax free upon distribution. Not surprisingly funds contributed to an education IRA were to be used only for educational purposes. The education IRA is now called the Coverdale education savings account Coverdale ESA yet. And then a big they had a catch up provision. Consumer Protection Act the economic growth and tax relief reconciliation act of two thousand one increase contribution limits. And for the first time at a catch up provision for tax payers age fifty and over the. We're lagging behind if they. At that time you saying well crap. Time really is flying by the also the accuracy provided for non refundable credit certain contributions to IRA's and for one plans for one K plans of the bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy protection for most recently consolidated appropriations act at twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or older in lieu of our MD's required. Minimum. Distribution permanent part of the tax code. So we talked about that last week. Now, you can take a hundred thousand dollars and put it and transfer the funds into QC, which does which basically does what rod with your taxes? Take satisfies. The Orum d any also don't income tax on that. All. Charitable contribution limits a hundred thousand. Okay. So where are we today? Think about this in less than a century and a half the United States is going from a country with virtually no long term financial provision for retirement to a whole palette of operations the individual retirement accounts. And it's all the different variants for one case for three Bs thrift savings plans make up an important part of item part of the retirement income picture for all Americans. Really when you think about it. And let's you're really rich. Right. Consider this IRAs were originally offered only through branks and contribution to IRA accounts in the first full year, nineteen seventy-five amounted to one point four billion dollars that you can only get it from a back in the beginning. Recently, the Investment Company Institute reported that Americans currently hold more than eight point two trillion dollars in IRA accounts. Listening. Listen, just hoping things will work out. Doesn't mean they will.

IRA Coverdale ESA William Roth Coverdale education Thiry Investment Company Institute United States center Turku hundred thousand dollars four billion dollars two thousand dollars two trillion dollars fifty dollars one K
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

02:47 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"As a good alternative to a 4._0._1._K. These were created as a part of the revenue act nineteen seventy eight under president Carter expanded on the small business job protection also increase the amount for spousal IRA from two hundred and fifty dollars to the annual limit for working spouses of two thousand dollars at the time. Yeah. Exactly. So that they could get the same amount. Your wife. Isn't working your husband is working as as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William rob the center introduced the Bill, of course, he deemed the Bill the Roth IRA after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money butter tax free upon distribution, not surprisingly funds contributed to an education IRA were to be used only for educational purposes. The education IRA is now called the Coverdale education savings account Coverdale ESA. Oh, yeah. And then they they had a catch up provision. Consumer Protection Act the economic growth and tax relief reconciliation act of two thousand one increase contribution limits. And for the first time at a catch up provision for taxpayers age fifty and over the. Lagging behind, you know. At that time you saying well crap time really is flying by the also the act provided for non refundable credit for certain contribution to IRA and four one plant for a one K plan. So the bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy protection for most recently to consolidated appropriations act at twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or over in lieu of our MD's required. Minimum distribution, a permanent part of the tax code. Yeah. So we talked about that last week. Now, you can take a hundred thousand dollars and put it and transfer the funds into QC, which basically does what rod with your taxes? Take satisfies the Orum d any also don't income. Byun attacks on that at all. Charitable contribution limits. One hundred thousand. Yeah. Okay. Good. So where are we today? Think about this in less than a century and a half the United States is going from.

IRA Coverdale education William rob president Carter United States hundred thousand dollars two thousand dollars fifty dollars one K
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

02:26 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"Yeah, exactly. You know? So that they could get the same amount. Your wife. Isn't working your husband is working as as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William Roth the center introduced the Bill, of course, the the Bill the broth nyree after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money butter tax-free upon distribution, not surprisingly funds contributed to an education IRA where to be used only for educational purposes. The education IRA is now called the Coverdale education savings account, Coverdale ESA or. Yeah. And then they they had a catch up provision. Consumer Protection Act the economic growth in tax relief reconciliation act of two thousand one. Crease contribution limits and for the first time at a catch up provision for taxpayers age fifty and over the. Lagging behind. At that time you saying well crap. Time really is flying by the also the act provided for non refundable credit certain contribution to IRA for one plant for one K plans of the bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy protection for eight most recently consolidated appropriations act twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or over in lieu of our MD's required. Minimum. Distribution permanent part of the tax code. So we we talked about that list week. Now, you can take a hundred thousand dollars and put it and transfer the funds into QC does does what rod with your taxes? Take satisfies the. Also, don't income. Attacks on that at all. Charitable contribution limits. One hundred thousand. Okay. So where are we today? Think about this in less than a century and a half the United States is going from a.

IRA William Roth Coverdale United States ESA hundred thousand dollars one K
"consolidated appropriations act" Discussed on WCBM 680 AM

WCBM 680 AM

03:22 min | 3 years ago

"consolidated appropriations act" Discussed on WCBM 680 AM

"Yeah, exactly innocent that they could get the same amount. Your wife. Isn't working your husband is working as as your spouse. And then along comes the Roth IRA came into existence as part of the taxpayer relief act of nineteen ninety seven. Of course, it was named for William Roth the center to introduce the Bill, of course, the in the Bill the Roth IRA after himself the same legislation also introduced the educational IRA and these two IRA's are alike in the sense that contributions are made with after tax money butter tax free upon distribution, not surprisingly funds contributed to an education IRA were to be used only for educational purposes. The education IRA is now called the Coverdale education savings account Coverdale ESA. Yeah. And then they they had a catch up provision. Consumer protection at the economic growth and tax relief reconciliation act of two thousand one increased contribution limits. And for the first time added a catch up provision for tax payer age. Fifty and over the. We're lagging behind right? They see if they. At that time you saying well crap time really is why by the also the accuracy provided for non refundable credit certain contribution to IRA in for one plans for a one K plan. So the bankruptcy abuse prevention and consumer Protection Act two thousand five at it and expanded bankruptcy. Protect him for eight most recently consolidated appropriations act twenty sixteen may qualify charitable distributions QC, d for individuals seventy and a half or older in lieu of our NBC's required minimum distribution, permanent part of the tax code. So we talked about that list week. Now, you can take a hundred thousand dollars and put it and transfer the funds into a QC does which basically does what rod with your taxes? Yeah. It'll take satisfies the Orum d any also don't income. Yeah. You know, if you're gonna tax on that at all. Charitable contribution limits. One hundred thousand. Yeah. Okay. Good. So where are we today? Think about this in less than a century and a half the United States is going from a country with virtually no long-term financial provision for retirement to a whole palette of options, the individual retirement accounts, and it's all all the different variants for one case for three Bs thrift savings plans make up an important part of vitamin part of the retirement income picture for all Americans. Really when you think about it, unless you're really rich. Right. Consider this IRA's where originally offered only through branks and contribution to IRA accounts in the first full year, nineteen seventy-five amounted to one point four billion about that you can only get it from a Bank back, then the beginning recently, the Investment Company Institute reported that Americans currently hold more. Than eight point two trillion dollars in IRA accounts. You know listening. I mean, listen just hoping things will work out doesn't mean they will trust me.

William Roth Coverdale education Investment Company Institute NBC United States hundred thousand dollars two trillion dollars one K
"consolidated appropriations act" Discussed on WCPT 820

WCPT 820

03:16 min | 3 years ago

"consolidated appropriations act" Discussed on WCPT 820

"About financial ization and the financial mentality and why it's bad for the country. Here's another dimension of the financials Asian issue with noting which is a lot of Wall Street types are very big on charter schools, and that's been coming up again recently, including some discussion of Representative Hakeem Jeffries who is a recently elected to a leadership position in the house of representatives who was close New York City charter school movement. Why is it that wall streeters like charter schools so much? They don't really seem to do a lot for kids. The evidence on them is poor the undermine public schools public school teachers. Well, it turns out that as Ellen singer has written that there are laws. They give them a great tax advantage. If they go into the charter school business, the two thousand and one consolidated appropriations act. Includes provisions tax incentives for seven years for businesses that hire residents in economically depressed, an urban rural areas, so banks and equity funds that invest in charter schools in underserved areas. Get a very generous tax credit, they they can combine with other tax breaks as they collect interest on any money. They lend out. So this explains so much about the financial structure of charter school corporations 'cause many times when you hear about well, it's a nonprofit a not for profit charter school, but they're renting buying services from a for profit corporation, and then all these tax incentives kick in so it's may also explain Allen singer says why Mark Zuckerberg I did so much in Newark that didn't seem to do much good. So this is another example of psychology and the BS rhetoric of the Wall Street neo-liberal crowd tying. In with their own economic self interest. They're making money while everybody else thinks their ideals. They're promoting people like Michelle real claim to be radical reformers, but are really just part of this gravy train that serving everybody, but our children. So what's again, we see that the politics of centrism and the psychology of of the rhetoric for lack of a better term dovetail perfectly with the self interest of wall streeters always pays to look under the cover at these sort of things as for Representative Hakim Jeffries who reportedly had a lot of support from people in New York City like Moskowitz were part of the charter school movement. He's going to have to show the people after having defeated a true progressive like Representative Barbara Lee for leadership. Position in the house. He's really going to have to show the public that he is a true progressive. And it's something we ought to walk. One in six seniors faces the threat of hunger and millions more live in.

Representative Hakeem Jeffries Moskowitz New York City Ellen singer Representative Michelle Newark Barbara Lee Mark Zuckerberg Allen seven years
"consolidated appropriations act" Discussed on C-SPAN Radio

C-SPAN Radio

03:06 min | 3 years ago

"consolidated appropriations act" Discussed on C-SPAN Radio

"Hundred eight and one million farmers, ranchers and producers go to work every morning. So should the government urge my colleagues to support this Bill, and I yield back the balance of matab gentlewoman reserves. The gentlewoman from Texas is recognize, hey, Grainger ranking member of the house appropriations committee last night, yield two minutes to the gentlewoman from North Carolina's is FOX the gentlewoman from North Carolina is recognized for two minutes. Thank you, Madam speaker. And I thank my colleague from Texas for yielding. I rise today in opposition to HR Twenty-one, the consolidated appropriations act of twenty nineteen this Bill would allow taxpayers to fund abortions in foreign countries. HR Twenty-one would repeal president Donald Trump's protecting life in global health assistance policy this important policy, formerly known as the Mexico City policy protects America. Tax payers, and prohibits US international assistance from going to foreign NGOs that promote or perform abortions. It is critical that America's foreign policy reflect the values of the American people a twenty seventeen mayors poke clearly reveal that an overwhelming majority of Americans oppose using their hard earned tax dollars to support abortions and other countries. American tax payers should not be expected to pay for something. They show strongly oppose the protecting life in global health assistance policy is not anti global health, nor is it anti family planning. It is not reduced funding available for international health assistance, and leaves the choice up to the individual NGOs of whether or not they wish should be eligible for federal grant money abortion should never be considered a necessary part of economic growth and organizations that believe it should not be the type of. Organizations that the United States partners with abortion is wrong. We do not allow taxpayer money to be spent on abortions within the United States, and we certainly should not fund it in other countries. I urge my colleagues to oppose this Bill and with that. I yield back. General eighty reserves the general the gentlewoman from New York is recognize appropriations committee chair Nita Lowey speaker. I you four minutes to the gentleman from Illinois, the distinguished chairman designated for financial services subcommittee, Mr. Quigley, the gentleman from Illinois is recognized for four minutes. Thank you, ma'am, speaker. And I think the chairman of the appropriations camera reminding myself after listening to my colleagues really how we got here. Yes. The Senate Bill the Senate had a bi-cameral bipartisan approach to this. They were told they could go home for a reason. And apparently the president sauce on the you didn't like on TV. And so here we are. And what do.

house appropriations committee America Texas president chairman North Carolina Senate United States Donald Trump Nita Lowey Illinois FOX New York Mexico Mr. Quigley four minutes two minutes
"consolidated appropriations act" Discussed on C-SPAN Radio

C-SPAN Radio

03:03 min | 3 years ago

"consolidated appropriations act" Discussed on C-SPAN Radio

"And one point five million farmers, ranchers and producers go to work every morning. So should the government urge my colleagues to support this Bill, and I yield back the balance of my time gentlewoman reserves, the gentlewoman from Texas. Recognize a yield two minutes to the gentlewoman from North Carolina's is FOX the gentlewoman from North Carolina is recognized for two minutes. Thank you. Madam speaker? Thank my colleague from Texas for yielding. I rise today in opposition to HR Twenty-one, the consolidated appropriations act of thousand nineteen this Bill would allow taxpayers to fund abortions in foreign countries. HR Twenty-one would repeal president Donald Trump's protecting life in global health assistance policy this important policy, formerly known as the Mexico City policy protects American taxpayers, and prohibits US international assistance from going to foreign NGOs that promote or perform abortions, Representative Virginia Foxx Republican of North Carolina. It is critical that America's foreign policy reflect the values of the American people a twenty seventeen mayors poke clearly reveal that an overwhelming majority of Americans oppose using their heart. Hard earned tax dollars to support abortions and other countries. American taxpayers should not be expected to pay for something. They strongly oppose the protecting lives in global health assistance policy is not anti global health, nor is it anti family planning. It does not reduce funding available for international health assistance, and leaves the choice up to the individual NGOs of whether or not they wish to be eligible for federal grant money abortion should never be considered a necessary part of economic growth and organizations that believe it should not be the type of organizations that the United States partners with abortion is wrong. We do not allow taxpayer money to be spent on abortions within the United States, and we certainly should not fund it in other countries are urge my colleagues to oppose this Bill and with that. I yield back. The general eighty reserves the general the gentlewoman from New York is recognized Madam speaker. I yield four minutes to the gentleman from Illinois, the distinguished chairman designated for financial services subcommittee. Mr. Quigley, the gentlemen from Illinois is nice for four minutes. Thank you, man speaker. And I think the chairman of the appropriations committee. I'm reminding myself after listening to my colleagues really how we got here. Yes. This is Senate Bill the Senate had a bi-cameral bipartisan approach to this. They were told they could go home for a reason. And apparently, the president saw something you didn't like on TV. And so here we are. And what do we have to show for it? Eight hundred thousand federal employees left wondering where their.

North Carolina US Texas chairman president Senate Illinois Representative Virginia Foxx Donald Trump FOX New York America Mr. Quigley four minutes two minutes