SAN MATEO, CA – JUNE 23: Gasoline prices over $5.00 per gallon are displayed at a Shell station … [+] June 23, 2008 in San Mateo, California. Gasoline prices continue to rise as the national average for regular unleaded is at a new record high of $4.10 per gallon. (Photo by Justin Sullivan/Getty Images) Getty…
It appears that the White House is planning to make the effective date for its proposed tax increase on long-term capital gains retroactive to April 2021. If this were to happen, it may not only seem unfair, but it is also bad tax policy. President Biden’s American Families Plan proposes increasing the tax rate…
Senate Republicans have proposed to repurpose $700 billion in “unspent” Rescue Plan funds to pay for … [+] infrastructure. But rather than break the promises Washington has already made, lawmakers should leverage the power of matching funds to make state and local governments with flush budgets chip in. ASSOCIATED PRESS Negotiations over how to fund…
WUHAN, CHINA – APRIL 08: (CHINA OUT) Display models of the coronavirus during the 3rd World Health … [+] Expo held on April 8, 2021 in Wuhan, Hubei Province, China. Which more than 1,400 exhibitors, including General Electric, Philips and Siemens, attended the expo with an exhibition area spanning 160,000 square meters. The 4-day Second…
getty The stock market as a whole traded down after the midweek, even as investors learned of better-than-expected outcomes in the labor market, as well as good news from the Biden administration. ADP’s anticipated private payroll report reflected a total of 978,000 jobs added in May, compared to the 650,000 expected – and over triple…
Topline Amid a national debate over whether a weekly federal unemployment supplement is hindering the economic recovery by discouraging Americans from returning to work and exacerbating perceived worker shortages, President Biden on Friday suggested the benefit should be allowed to lapse for good when it expires in September. President Joe Biden talks about the May…
A ‘Help Wanted’ sign is posted beside Coronavirus safety guidelines in front of a restaurant in Los … [+] Angeles, California on May 28, 2021. – Following over a year of restrictions due to the coronavirus pandemic, many jobs at restaurants, retail stores and bars remain unfilled, despite California’s high unemployment rate, causing some owners…
The Fed said this afternoon that it will begin selling its portfolio of corporate bonds. Let’s talk about what that means … Back in March of last year, the Fed’s response to the pandemic started with some massive action on a Sunday night, where they slashed rates to zero and started a big bond buying…
Financial Planning and Investment Advice or Tips getty Anticipating President Biden’s proposed increase in the capital gains tax rate, taxpayers are deciding whether and how to accelerate gains or how to defer them after an increase for as long as possible. The uncertainty around the timing and extent of the increase, as well as other important…
While there are many different schools of thought when it comes to the best ways to finance higher education, most experts would agree our current reliance on student loans is simply unsustainable. After all, more than 45 million American borrowers currently owe a collective $1.7 trillion dollars on student loans at last count. That means…