Richard Rubin
👤 PersonAppearances Over Time
Podcast Appearances
They see this as a moment to really go out and lock those in. That's the core of what this bill is.
They see this as a moment to really go out and lock those in. That's the core of what this bill is.
The new stuff, they really are focusing on not people at the very bottom of the income scale who don't pay income taxes now, but people in the middle. So there is a higher standard deduction on top of the additional standard deduction. There is a child tax credit goes to $2,500 per child maximum.
The new stuff, they really are focusing on not people at the very bottom of the income scale who don't pay income taxes now, but people in the middle. So there is a higher standard deduction on top of the additional standard deduction. There is a child tax credit goes to $2,500 per child maximum.
The new stuff, they really are focusing on not people at the very bottom of the income scale who don't pay income taxes now, but people in the middle. So there is a higher standard deduction on top of the additional standard deduction. There is a child tax credit goes to $2,500 per child maximum.
The extra standard deduction for senior citizens, people 65 and over, goes up by several thousand dollars if this passes.
The extra standard deduction for senior citizens, people 65 and over, goes up by several thousand dollars if this passes.
The extra standard deduction for senior citizens, people 65 and over, goes up by several thousand dollars if this passes.
tax credits for wind, solar, battery manufacturing, all those kinds of things, you know, finish sooner and phase out faster. And so that's also part of the way that they're paying for this.
tax credits for wind, solar, battery manufacturing, all those kinds of things, you know, finish sooner and phase out faster. And so that's also part of the way that they're paying for this.
tax credits for wind, solar, battery manufacturing, all those kinds of things, you know, finish sooner and phase out faster. And so that's also part of the way that they're paying for this.
The Medicaid changes include work requirements for recipients.
The Medicaid changes include work requirements for recipients.
The Medicaid changes include work requirements for recipients.
Yeah, or that you're seeking work or doing some sort of work-type activity if you're able-bodied. So that's part of it. There's new limits on nutrition assistance, what we call SNAP or food stamps. There's some limits on that, but that's part of the bill.
Yeah, or that you're seeking work or doing some sort of work-type activity if you're able-bodied. So that's part of it. There's new limits on nutrition assistance, what we call SNAP or food stamps. There's some limits on that, but that's part of the bill.
Yeah, or that you're seeking work or doing some sort of work-type activity if you're able-bodied. So that's part of it. There's new limits on nutrition assistance, what we call SNAP or food stamps. There's some limits on that, but that's part of the bill.
Republicans are talking about the tax cuts as essential. The idea of extending the tax cuts is basically non-negotiable. It's something that they really feel is imperative economically, something they need to do. The spending changes, the spending cuts are something they also feel is an imperative to turn the tide on budget deficits, to try and rein in spending.
Republicans are talking about the tax cuts as essential. The idea of extending the tax cuts is basically non-negotiable. It's something that they really feel is imperative economically, something they need to do. The spending changes, the spending cuts are something they also feel is an imperative to turn the tide on budget deficits, to try and rein in spending.
Republicans are talking about the tax cuts as essential. The idea of extending the tax cuts is basically non-negotiable. It's something that they really feel is imperative economically, something they need to do. The spending changes, the spending cuts are something they also feel is an imperative to turn the tide on budget deficits, to try and rein in spending.