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House Republicans are unveiling key details and the text behind their tax legislation Thursday, but not without some reservations from rank-and-file members.In advance of the bill's release -- which will be called the "Tax Cuts and Jobs Act," according to a source in a meeting with GOP members Thursday -- a source shared a summary of the plan, which permanently lowers the lowers the corporate tax rate to 20% and limits the home interest deduction to loans up to 0,000.The bill will also increase the standard deduction for individuals and households, repeals the alternative minimum tax and increased the child tax credit to ,600. The House GOP bill will also finally repeal the estate tax in 2024.Members will see the tax framework Thursday morning when the House ways and means committee releases its bill that is expected to expand the child tax credit, repeal the estate tax, lower the corporate tax rate and reduce the number of individual tax brackets from seven to four.But there are still key questions about what will be in the bill and whether the leadership can wrangle the votes they will need to deliver President Donald Trump a major legislative victory by the end of the year. 1208
How do you re-capture a gigantic runaway pig?According to the San Bernardino County Sheriff's Department, deputies received a call on Saturday that a pig "the size of a mini horse" was roaming a local neighborhood.Deputies were quickly able to track down the swine and determined where he lived, but still had to figure out how to corral him and get him home. It turns out, pigs don't need to be corralled if there are Doritos on hand.According to the San Bernardino Sheriff's Office, Deputy Ponce had a bag of Doritos on hand in her lunch box and was able to lure the pig back to his home by laying a trail of chips on the street.The pig made it safely home and deputies were able to secure the gate. Ponce called the journey "fun."The Doritos appeared to be of the Cool Ranch variety. It's unclear if the pig would have been swayed by Nacho Cheese chips. 880
House Speaker Nancy Pelosi said Thursday that she's still hopeful lawmakers can reach an agreement on another COVID-19 stimulus bill, though Democrats and Republicans remain far apart in certain areas.Pelosi said Thursday that Democrats and Republicans still remain far apart when it comes to additional unemployment funding, as well as more funding for local and state governments.When asked if she believed this was the last chance to strike a stimulus deal ahead of Election Day, Pelosi said she would continue to hold out hope that Congress could reach a deal all the way up to election day.Pelosi's comments come the day that billions of dollars in stimulus funding provided through the CARES Act for the airline industry expired. American Airlines said Wednesday that it would go ahead with the furlough of nearly 20,000 pilots, and other airlines say massive layoffs are coming.There is reportedly bipartisan support to extend more funding for the airline industry, but Democrats are hoping to roll those benefits into a more extensive bill.White House press secretary Kayleigh McEnany blamed Pelosi for airline furloughs and layoffs during a briefing on Thursday, claiming that she wasn't "being serious" in her negotiations. 1241
HOUSTON (AP) — The Trump administration is detaining immigrant children as young as 1 in hotels before deporting them to their home countries. Documents obtained by The Associated Press show a private contractor hired by U.S. Immigration and Customs Enforcement is taking children to three Hampton Inns in Arizona and Texas under restrictive border policies implemented during the coronavirus pandemic. The hotels have been used nearly 200 times, while more than 10,000 beds for children sit empty at government shelters. Federal anti-trafficking laws and a two-decade-old court settlement that governs the treatment of migrant children require that most kids be sent to the shelters for eventual placement with family sponsors. But President Donald Trump’s administration is now immediately expelling people seeking asylum in the U.S., relying on a public health declaration to set aside those rules.Lawyers and advocates say housing unaccompanied migrant children in hotels exposes them to the risk of trauma as they’re detained in places not designed to hold them and cared for by contractors with unclear credentials. They are challenging the use of hotels as detention spaces under the Flores court settlement.Federal immigration authorities say the contractors caring for the kids are “non-law enforcement staff members trained to work with minors.”Hilton, which owns the Hampton Inn brand, said in a statement Tuesday that all three hotels were franchises and it believed rooms were booked directly with those owners. Hilton wouldn’t say how many rooms had been used to detain children or how much the rooms cost. 1628
If another stimulus package is approved, there is a possibility it would include a ,000 travel tax credit. It’s an effort to kickstart the hospitality industry.The tax credit would cover vacation-related expenses through 2021.Experts agree there needs to be a way to jumpstart the economy.It may not be the right time to travel, though.Right now, we are seeing a continuation of the first wave of the virus. A second wave of is expected between the end of the summer and early fall, models show.“It'll dip down and it'll come up again, a resurgence of the same strain,” said Dr. Jay Wolfson, a public health professor at the University of South Florida. “And then we also have reason to believe there will be a mutation of this virus that will occur at the same time in the late summer, early fall.”Dr. Anthony Fauci has said it is possible a vaccine would be available by the end of this year, but Wolfson says having a vaccine doesn't automatically make public places safe again.“It would take a good year or so if you're lucky, once you’ve got a vaccine produced, and a vaccine that's not going to have some adverse effects in a sector of the population,” said Wolfson.It's only been three months since much of Europe went through its peaks of coronavirus. Some countries just started reopening to tourists, but not to Americans yet. 1346