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Direct Payments

All articles tagged with #direct payments

Wisconsin lawmakers back $1.8B surplus plan for tax relief and education
politics14 days ago

Wisconsin lawmakers back $1.8B surplus plan for tax relief and education

Gov. Tony Evers and GOP leaders unveiled an about $1.8 billion plan to spend Wisconsin’s budget surplus on tax relief and education, including $850 million in direct payments, eliminating state income tax on overtime pay and tipped earnings, and boosting K-12 funding by $600 million, while leaving the rainy-day fund intact. The package would mail up to $600 per married couple or $300 per person to roughly 3 million residents by November, but drew criticism from Senate Democrats and gubernatorial candidates who call it expensive; leaders say votes are likely after a special-session path, with the budget committee moving it on Tuesday and full Legislature debate possible as early as Wednesday.

Trump unveils broad plan to cut ACA costs, but details await Congress
politics4 months ago

Trump unveils broad plan to cut ACA costs, but details await Congress

The Trump administration rolled out a broad healthcare plan dubbed The Great Healthcare Plan aimed at lowering ACA costs, including direct payments to individuals and expanded health-savings options, while promising to allow Congress to shape details; however, critics warn the plan lacks specifics and could destabilize ACA marketplaces, with no clear timeline for implementation.

Celebrities Unite to Aid Hawaii Wildfire Victims with Direct Payments
philanthropy2 years ago

Celebrities Unite to Aid Hawaii Wildfire Victims with Direct Payments

Oprah Winfrey and Dwayne "The Rock" Johnson have established The People's Fund of Maui to provide direct payments of $1,200 per month to victims of the recent wildfires in Hawaii. The celebrities donated $10 million to kick off the fundraiser and are seeking additional public donations. The fund aims to assist adults whose homes were destroyed by the fires, offering them the agency to decide how best to use the funds. The Federal Emergency Management Agency (FEMA) has provided an initial payment of $700, but many have expressed that it falls short in addressing long-term recovery needs.

"US Treasury and IRS provide guidance to boost renewable energy investment and tax credits"
renewable-energy2 years ago

"US Treasury and IRS provide guidance to boost renewable energy investment and tax credits"

The US Treasury Department has issued new guidance that will enable the development of a range of renewable energy projects that previously had been too onerous from a tax perspective to tackle. The changes could pave the way for hundreds of billions of dollars worth of investment in the coming decade. The guidance around direct payments would allow tax-exempt organizations to put rooftop solar panels on schools, churches and temples. The bigger news is the guidance around transferability of tax credits, which could eliminate the need for complex and expensive tax equity deals.