While bill will be rejected by the GOP-led Senate, Pelosi called a ‘proffer’ to the White House in negotiations.
Steven Mnuchin
Posted inMoney
Report: Lack of more federal help could cost Connecticut 60,000 jobs
The Economic Policy Institute projects large job losses in Connecticut and other states without $1 trillion in federal help.
Posted inPolitics
U.S. House approves new coronavirus stimulus bill; CT Dems say it’s not enough
“’This is not everything we wanted,” said Rep. Rosa DeLauro. “Next we need relief for states and localities.”
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CT businesses may have to wait for loans, but there’s a plan to boost Paycheck Protection Program
Mnuchin wants $250 billion more for Paycheck Protection Program loans that are in great demand by CT small businesses.
Posted inMoney
Himes: Coronavirus brings ‘the start of a very, very difficult economic period’
Himes says the government must rush money to Americans on the “suffering frontier” of the coronavirus pandemic.
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Trump aims to send Americans $1,000 to cope with COVID-19, but Chris Murphy doubles down
Murphy is pushing for each man, woman and child to receive at least $2,000.
Posted inMoney
IRS blocks Connecticut plan to bypass SALT tax deduction cap
WASHINGTON – The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes.
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Dems outpace GOP fundraising in race for Esty’s seat
WASHINGTON – Democrats running for the 5th District congressional seat have vastly outpaced Republican candidates in campaign fundraising, the latest reports filed with the Federal Election Commission show. As if June 30, Mary Glassman raised about $380,000 and her Democratic rival, Jahana Hayes, raised about $295.000.
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Larson, Courtney win tax break for homeowners with crumbling foundations
WASHINGTON – U.S. Reps. John Larson and Joe Courtney had good news Wednesday for Connecticut homeowners with crumbling foundations – the Internal Revenue Service will allow them to take a deduction for a casualty loss for money spent to fix crumbling foundations. But that tax relief may be short lived if Republicans in Congress succeed in overhauling the tax code.
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Malloy leaves D.C. feeling bad about ACA, better about infrastructure
WASHINGTON — Like other Democratic governors, Dannel Malloy ended his long weekend here at the National Governors Association winter meeting pessimistic about President Donald Trump’s plan for the Affordable Care but hopeful the new administration will be receptive to other state needs – especially when it comes to infrastructure.