Tag Archives: Democrats

Democrats want $273 billion in tax credits to achieve Biden’s climate goals

In recent weeks Democratic lawmakers have formalized just how much they want climate change to be at the center of the forthcoming multitrillion-dollar budget reconciliation package. They have formally unveiled a proposal with measures that include taxes on some imported fuels, a new federal aid program for clean-energy developers, investments in electric vehicles, and more. The key driver on the supply side – i.e., insuring there are enough solar panels and wind turbines in operation to… Source link

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The sneaky tax move Democrats are planning

U.S. President Donald Trump (L) congratulates Speaker of the House Paul Ryan (R-WI) (C) and Sen. Tim Scott (R-SC) during an event to celebrate Congress passing the Tax Cuts and Jobs Act with Republican members of the House and Senate on the South Lawn of the White House December 20, 2017 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Democrats swallowed the tax cuts for businesses and high earners that President Trump and his fellow Republicans passed unilaterally in 2017. They… Source link

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The Technology 202: Democrats urged Google to get itself vetted for racial biases. It hasn’t budged.

Major corporations, including Facebook and Airbnb, are increasingly turning to racial equity audits, which empower an outside expert steeped in debates around technology and racial inequalities to investigate thorny issues including hate speech online, personnel hiring, and processes used to vet products for bias. Critics say these audits can spot and solve problems companies aren’t remedying themselves. Source link

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Why Democrats will keep pushing for increased IRS funding

When President Biden and 10 bipartisan senators reached an infrastructure agreement in June, increased IRS enforcement was a key for how to pay for it. The idea, which has long been pushed by policymakers on both sides of the aisle, was to staff up the IRS now with the promise that the investment would be paid back in spades as more tax cheats were caught. But a wave of Republican pushback led to the idea getting nixed. The lead Republican negotiating the deal, Sen. Rob Portman of Ohio, Source link

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Democrats sound alarm on student loan collections as payment restart looms

Several prominent Democratic lawmakers are asking the Education Department (ED) about student debt collection practices in the face of a potential wave of student loan defaults when the pandemic payment pause expires, Yahoo Finance has learned. “With student loan and interest payments scheduled to resume on October 1, 2021, and a wave of loan delinquencies and defaults likely to follow, we are concerned about the Department resuming these payment collections and are seeking information about… Source link

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Biden’s approval rating falls as both Republicans and Democrats grow more concerned about crime

Rising worries about crime among both Democrats and Republicans are starting to create a drag on President Biden’s approval rating, according to a new Yahoo News/YouGov poll — and could signal larger challenges for the president’s party ahead of the 2022 midterm elections. The survey of 1,592 U.S. adults, which was conducted from June 22 to 24, found that a significant majority (55 percent) now describe “violent crime” as a “very big problem” in the United States — far more… Source link

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Democrats’ draft antitrust bills could reshape Apple, Amazon, Google, Facebook

U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats is circulating discussion drafts of antitrust bills that would force the biggest tech companies to change parts of their business models and curtail large acquisitions, according to copies obtained by CNBC. While the drafts could still change… Source link

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Senate Democrats call on Google to conduct racial equity audit

The lawmakers called a racial equity audit “long overdue,” but said it would only amount to an initial step — Google must also increase efforts to hire a diverse workforce and continually evaluate its policies and products for potential discriminatory harms, they wrote. Google spokespeople did not immediately respond to a request for comment. Civil rights in the spotlight: Google is the latest Silicon Valley behemoth to face pressure to examine its impact on individuals and… Source link

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6 in 10 Democrats want ‘vaccine passports.’ 6 in 10 Republicans don’t.

As with masks, lockdowns and seemingly everything else about the COVID-19 pandemic, Republicans and Democrats are now sharply divided over the emerging prospect of “vaccine passports” designed to provide proof of immunization against the coronavirus, according to a new Yahoo News/YouGov poll. The survey of 1,649 U.S. adults, which was conducted from April 6 to April 8, found that a significant majority of Democrats (61 percent) would favor certain businesses requiring verification of… Source link

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