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States Debate Millionaires’ Taxes

States Debate Millionaires’ Taxes

About a dozen States have raised taxes on their highest income tax brackets since 2009, believing that raising income taxes on their wealthiest residents would yield enough additional revenues to outweigh any negative side effects.

2 Appellate Courts Differ On Key Tax Plank In Healthcare Law

WASHINGTON (MCT) — Two appeals courts on Tuesday split over the Affordable Care Act, reaching different conclusions about whether tax credits can help consumers buy coverage in the 36 States that use the Federal health insurance marketplace. The conflicting and nearly simultaneous rulings potentially tee up for the Supreme Court its next landmark healthcare case […]

D.C. Court Ruling Deals New Blow To Affordable Care Act

D.C. Court Ruling Deals New Blow To Affordable Care Act

(MCT) — President Barack Obama’s healthcare law was dealt a new blow Tuesday as a Federal appeals court ruled that due to a wording glitch in the Affordable Care Act, some low- and middle-income residents are not entitled to receive government assistance to subsidize their insurance. In a 2-1 vote, a panel of judges on […]

There Isn’t That Much Action In Obama’s ‘Year Of Action’

There Isn’t That Much Action In Obama’s ‘Year Of Action’

President Barack Obama boasts about his “year of action,” the 40-plus executive actions he’s taken this year to push past a gridlocked Congress in order to help struggling Americans. But Obama’s actions this year are mostly minor. His most consequential actions took place well before 2014.

U.N. Security Council Unanimously Approves Probe Of Crash In Ukraine

UNITED NATIONS (MCT) — The United Nations Security Council, increasing pressure on Russia over the downing of a jetliner of Ukraine, adopted a resolution Monday calling for investigators to have unfettered access to the crash site and demanding a cease-fire in the area. Russia, which has been accused by other nations of involvement in Thursday’s […]

Hot Property: Are The Obamas Buying A Home In Rancho Mirage?

LOS ANGELES (MCT) — President Barack Obama and his wife, Michelle, could be the owners of a home in the Southern California desert community of Rancho Mirage listed at $4.25 million before the month is out. The first family is believed to be in escrow on a contemporary home in a gated community where entertainers […]

Fewer Children Arriving At The Border Unaccompanied, White House Says

WASHINGTON (MCT) — The number of children arriving at the border unaccompanied has dropped sharply so far this month, according to preliminary data released by the White House. The number of unaccompanied minors picked up by Border Patrol agents in the first two weeks fell to about 150 per day, down from an average of […]

To Encourage Saving, Some States Turn To Prizes

(MCT) — Nearly a dozen States believe they’ve found a way to encourage people to save more money — and have fun doing it. And the idea costs not a dime in State funds. Four States — Michigan, Nebraska, North Carolina and Washington — now allow credit unions to offer cash prizes as an incentive […]

Consumers Are Padding Their Checking Accounts

(MCT) — With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the past 25 years. The defensive stance, uncharacteristic of previous periods of low inflation and an improving economy, reflects how debt-burdened Americans have striven to clean up their personal finances […]

Business Economists Say Sales, Hiring And Pay Are Up

WASHINGTON (MCT) — More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday. After a dismal winter in which bad weather derailed a recovery from the recession, respondents to the National Association for Business Economics survey […]


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