skip to main content
skip to newscasts

Monday, April 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Rival Gaza protest groups clash at UCLA; IL farmers on costly hold amid legislative foot-dragging; classes help NY psychologists understand disabled people's mental health; NH businesses, educators: anti-LGBTQ bills hurting kids, economy.

view newscast page
play newscast audioPlay

Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Federal Tax Cuts Near Expiration Date: 150,000 plus NV Families Impacted

play audio
Play

Wednesday, June 30, 2010   

LAS VEGAS, Nev. - It's no secret that times are still tough in Nevada, and they soon could get tougher for about 152,000 families who are making ends meet with the child tax credit that is part of the current economic recovery plan. It's up to Congress to decide the fate of that break and other federal tax cuts, which are soon to expire.

Today, members of the Nevada delegation are getting some detailed advice. Jon Sasser, chairman of Nevada Lawyers for Progessive Policy, says it will be make-it or break-it time for those families if Congress fails to extend the tax credit.

"A parent working for minimum wage and raising two kids would see their tax credit cut from $1,725 a year down to only $250."

Nearly 50 groups and influential Nevada citizens signed on to a letter that is being sent to the Nevada Congressional delegation today, urging them to make the child tax credit and certain other low- and middle-income tax breaks permanent.

Some Republicans and conservative Democrats favor extending tax cuts for the wealthy, because they say doing otherwise could result in big tax increases that could endanger the economic recovery. Sasser disputes that and says those big tax breaks for the wealthy are ballooning the national deficit.

"If Congress extends the tax cuts for the top 2 percent of U.S. households, the deficits and the debt will be $826 billion higher over the next 10 years than they would be if Congress lets them expire."

Sasser says Congress needs to draw the line and should extend breaks for those who most need the help and whose spending habits most help the economy.

"The Congress should make permanent some tax cuts for moderate- and low-income, working individuals because our economy continues to need stimulation."

Congress is expected to start taking up the federal tax breaks after the 4th of July recess.


get more stories like this via email

more stories
Some groups see disproportionately high rates of suicide, including veterans, racial and ethnic minority groups, people with disabilities and LGBTQIA+ people. (Adobe Stock)

Health and Wellness

play sound

Rates of suicide among young people have increased by about 36% in roughly the last two decades and the surge has caught the attention of federal poli…


play sound

Members of Nebraska's LGBTQ+ community and their supporters saw positive actions at both the state and federal level this month. At the state level…

Social Issues

play sound

Missouri residents are gaining new insights into the powerful role of food in health care as experts and organizations advocate for a shift toward foo…


New Mexico is the second sunniest state in the nation after Arizona, creating maximum opportunities for solar development. (KristinaBlokhin/AdobeStock)

Environment

play sound

New federal funding aims to revolutionize solar energy access within New Mexico's Native American communities and benefit the state overall. The …

Health and Wellness

play sound

Nevada health-care providers, patients and advocates are responding to the U.S. Supreme Court case that'll determine the future of the Emergency …

Environment

play sound

A Knoxville-based environmental group is advocating for the Radiation Exposure Compensation Act expansion, currently awaiting House approval…

Environment

play sound

State officials in Maine are preparing the next generation for climate change-related activism and careers. A new state-run website helps young …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021