Category: American rescue plan

LIVE 12 PM ET: NTD News Today (July 14): ‘Administrative Fixes’ to Wipe $39 Billion Student Debt; Law Bans Refusal of Illegal Immigrant Tenants

The Biden administration says over 800,000 borrowers will have $39 billion in student debt wiped away in the coming weeks—due to “administrative fixes” that will result in more people passing the existing 20- or 25-year forgiveness threshold. Illinois landlords will soon be required to rent their property to illegal immigrants who otherwise qualify, due to…


LIVE NOW: NTD News Today (July 14): ‘Administrative Fixes’ to Wipe $39 Billion Student Debt; Law Bans Refusal of Illegal Immigrant Tenants

The Biden administration says over 800,000 borrowers will have $39 billion in student debt wiped away in the coming weeks—due to “administrative fixes” that will result in more people passing the existing 20- or 25-year forgiveness threshold. Illinois landlords will soon be required to rent their property to illegal immigrants who otherwise qualify, due to…


NTD News Today (July 14): ‘Administrative Fixes’ to Wipe $39 Billion Student Debt; Law Bans Refusal of Illegal Immigrant Tenants

The Biden administration says over 800,000 borrowers will have $39 billion in student debt wiped away in the coming weeks—due to “administrative fixes” that will result in more people passing the existing 20- or 25-year forgiveness threshold. Illinois landlords will soon be required to rent their property to illegal immigrants who otherwise qualify, due to…


Democrat Lawmakers Seek Bipartisan Action to Expand Child Tax Credit

As lawmakers weigh proposed legislation that would bring back the 2021 American Rescue Plan child tax credit (CTC) monthly payment and make it permanent, the Senate Subcommittee on Taxation and IRS Oversight held a hearing on July 13 assessing 25 years of the CTC. During the COVID-19 pandemic, under the American Rescue Plan, monthly payments…


FEMA Didn’t Properly Vet Border Nonprofits That Received Millions in Federal Funds: Inspector General

Border relief organizations were not made to provide all required documentation before the Department of Homeland Security (DHS) granted them millions in humanitarian relief funds under a Biden-era program, according to a new report by the DHS Inspector General. The Federal Emergency Management Agency (FEMA) handles the distribution of federal humanitarian relief funds. One of…


Biden Asking for $1.6 Billion and More Time to Prosecute Pandemic Fraud, Recover Funds

The Biden administration is seeking $1.6 billion in funding to help prosecutors track down and recover government funds that were fraudulently distributed under COVID-19 pandemic relief programs. On a call with reporters on Thursday, White House American Rescue Plan coordinator Gene Sperling laid out a new plan by the Biden administration to prosecute pandemic fraud….


New IRS Requirement Raises Questions About Vow to Expand Audits Only on ‘Rich’

Commentary Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out. Under the American Rescue Plan, third-party payment facilitators like Venmo, eBay, Etsy, and Airbnb are now required to send Form 1099-Ks…


Bidenomics a Recipe for Disaster

Commentary The failure of a red tidal wave to sweep the midterms is concerning, because it means the nation is in for at least two more years of reckless spending. The sum expenditure in President Joe Biden’s three signature economic plans is just shy of $5 trillion. That number is larger than the GDP of any…


$1.9 Trillion American Rescue Plan Was Too Big, Top Senate Democrat Admits

Sen. Mark Warner (D-Va.) admitted that Democrats’ partisan American Rescue Plan (ARP) was too pricey, but downplayed the bill’s effects on inflation. The ARP, which came in with a top-line price tag of $1.9 trillion, was passed by Democrats in March 2021 with no Republican support. The bill, marketed as a COVID relief package, faced…


Florida’s $450 Back-to-School Stimulus Checks to Aid Struggling Families

PUNTA GORDA, Fla.–Nearly 60,000 Florida families will be receiving stimulus checks to help cover back-to-school expenses for their children, but the checks are causing controversy with other Floridians. July 25 is the start of the annual back-to-school tax holiday season, when school-related items such as clothes, shoes, and even computers can be purchased tax-free. Foster…