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July 25, 2011: The bond market is shaken by a single $850 million futures trade betting on US default. July 29, 2011: The Budget Control Act of 2011 S. 627, [154] a Republican bill that immediately raised the debt ceiling by $900 billion and reduced spending by $917 billion, passed in the House on a vote of 218–210.
Regarding Article I courts, as of May 9, 2024, the Senate has confirmed five judges nominated by Biden: four to the United States Court of Federal Claims and one to the United States Court of Appeals for the Armed Forces. There are seven nominations awaiting Senate action: six for the tax court and one for the claims court.
Nancy Ruth Mace (born December 4, 1977) is an American politician who has been the U.S. representative for South Carolina's 1st congressional district since 2021. Her district includes much of the state's share of the East Coast, from Charleston to Hilton Head Island . In 1999, Mace became the first woman to graduate from the Corps of Cadets ...
The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help ...
PixelsEffect / Getty Images. ... Retirement Plans. Tax-advantaged retirement plans are an important financial perk since they help you plan for the future. A popular example is a traditional 401(k ...
The excise tax on high-cost health plans was completely repealed as part of H.R.1865 - Further Consolidated Appropriations Act, 2020. Excise taxes totaling $3 billion were levied on importers and manufacturers of prescription drugs. An excise tax of 2.3% on medical devices and a 10% excise tax on indoor tanning services were applied as well.
The phrase Reagan tax cuts refers to changes to the United States federal tax code passed during the presidency of Ronald Reagan. There were two major tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by ...
Passed the House on November 19, 2021 ( 220–213) The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden 's Build Back Better Plan. It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that ...