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Senate Republican pitches swapping enhanced ACA tax credits with HSAs
CNBC Television· 2025-11-18 23:00
So, the shutdown might be over, but the race to figure out a solution on health care is on, and senators only have weeks to do it. So, remember those Affordable Care Act tax credits, a big reason for the shutdown, they're still expiring at the end of the year. And while Democrats want to extend them, Republicans say that if they try that, there's no way it's going to get enough support to pass.So, enter Senator Bill Cassidy. He's the top Republican on the Senate panel on healthcare. And his proposal is basi ...
Senate reconvenes today after reaching deal to end government shutdown
CNBC Television· 2025-11-10 16:50
Let's begin in Washington and the progress over the weekend to reopen the government after this historic shutdown. Our Emily Wilkins joins us once again from Capitol Hill. Good morning, Emily. >> Good morning, Carl.Yes, last night, eight Senate Democrats voted with nearly all Republicans to advance a bill to reopen the government. And while the Senate still does need to take a few more votes, we are waiting to hear what kind of timing agreement they get for when that will be. Plus, the House needs to vote.W ...
We need to end the suffering: Senator on reopening government, extending ACA tax credits
MSNBC· 2025-11-10 16:11
Healthcare Affordability & Political Stance - The Democratic senator believes the government shutdown highlighted the fight around healthcare affordability, showing who supports affordable health insurance and who doesn't [2] - The senator hopes Republican colleagues understand the issue affects millions of Americans and needs to be addressed [3] - Democrats believe affordable healthcare prices are important for Americans, including those in red states [7] - The senator introduced legislation to address the cost of health insurance for Americans and extend premium tax credits [10] - The senator is committed to ensuring people can afford their healthcare [11] Government Shutdown Impact - The government shutdown caused issues with air traffic control, government workers not getting paid, people unable to get food, and mothers/children unable to get WIC benefits [4] - The agreement aims to end the suffering caused by the shutdown and continue funding health food benefits, WIC, and veterans benefits [5] Bipartisan Efforts & Future Actions - The agreement allows for a vote on a bill by mid-December to address healthcare costs [3][10] - The senator believes a bipartisan bill can be achieved in the Senate to address premium tax credits [8] - Voters will hold accountable those who are not on their side regarding healthcare affordability [8]
SUNation Energy Announces 2025 Third Quarter Results and Reiterates 2025 Full Year Financial Guidance
Globenewswire· 2025-11-10 12:30
Q3 2025 Select Highlights Sales Increased 29% to $19.0 MillionGross Profit Rose to $7.2 Million; Gross Margin Improved to 38%Net Loss Narrowed to $0.4 MillionAdjusted EBITDA Improved to $898,000Unrestricted Cash Rose to $5.4 Million – Highest Level Since 2022 Total Debt Declined 59% from December 31, 2024 RONKONKOMA, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipa ...
5 States Where Taxpayers Will Save the Most Money on Taxes in 2026
Yahoo Finance· 2025-10-30 13:00
Core Insights - Millions of Americans will see tax savings for the 2025 tax season due to the provisions of the Big Beautiful Bill Act (OBBBA), which made many aspects of the 2017 Tax Cuts and Jobs Act (TCJA) permanent and introduced new tax deductions and credits for households [1] Tax Savings by Income Group - Working-class families earning between $15,000 and $30,000 will experience a 21% tax cut, the largest reduction among all income groups [2] State-Specific Tax Savings - Taxpayers in different states will experience varying levels of tax savings, with some states projected to save significantly more than others [3] California - California taxpayers are expected to save an average of $2,293.15 annually, primarily due to estate and gift tax breaks, averaging $898 per return, potentially saving over $3.2 million per estate [4] - The State and Local Tax (SALT) deduction is significant, with about 15% of Californians itemizing their returns, leading to average savings exceeding $5,200. Seniors benefit from an average savings of $1,386 with a new $6,000 senior deduction, and over 6.6 million qualifying children are eligible for the Child Tax Credit (CTC) [5] Oregon - Oregon taxpayers are projected to save an average of $2,226.61 annually, with estate and gift tax benefits averaging about $963 per return, allowing estates to save upwards of $2.5 million [6] - Approximately 13% of Oregonians itemize their returns, resulting in average tax savings exceeding $5,500. Seniors, making up about 20% of the population, could save over $1,100 on average with the new senior deduction, and there are over 670,000 qualifying children eligible for the CTC [7] Massachusetts - Massachusetts ranks third, with taxpayers saving an average of $2,150.45 annually, driven largely by estate and gift tax savings, which average about $921 per return, with individual estates saving more than $2.3 million [8]
House Minority Leader Jeffries on ending the government shutdown
CNBC Television· 2025-10-24 14:00
We've made clear uh in the House that we will consider anything that emerges from the Senate in good faith in a bipartisan way uh that both reopens the government while at the same time addresses this healthc care crisis and extends the Affordable Care Act tax credits in a meaningful way. The uh 90% or so of the people who benefit from these Affordable Care Act tax credits make $63,000 per year or less. And a significant number of small businesses and entrepreneurs across the country rely upon the affordabl ...
Steve Rattner: Red states use Obamacare more; health care cuts hit red states hardest
MSNBC· 2025-10-09 12:03
Healthcare Market Dynamics - Obamacare marketplaces enrollment significantly increased, particularly after 2021 due to expanded subsidies [3] - Enrollment more than doubled between 2020 and 2025 [3] - There are now 242 million people enrolled in these marketplaces [4] Red States vs Blue States - Red states experienced a 157% increase in marketplace enrollment, compared to 36% in blue states over the last 3 years [4] - Over 10% of the population in several red states, such as Texas and Utah, are enrolled in the marketplace [4] - Republican congressional districts have almost 8% of people in the marketplaces, while Democratic districts have 63% [6] - Red states use premium tax credits almost twice as frequently as blue states [8] - The average benefit in red states is $580 per month, or $5700 per year [8] - Seven out of ten of the most affected states by potential healthcare cuts will be red states [9] Healthcare Policy & Impact - Undocumented immigrants cannot get healthcare through Medicaid or take advantage of tax credits, they can only go to an emergency room [11] - Only 04% of Medicaid spending is on emergency room subsidies, which includes all Americans, not just undocumented immigrants [12] - Over 40% of hospitals in America lose money, with an even higher percentage of rural hospitals losing money [14]
Rep. Majorie Taylor Greene breaks with GOP on Obamacare as shutdown drags on
NBC News· 2025-10-07 18:36
Political Standoff - Government shutdown drags into day seven [1] - Republican Congresswoman Marjorie Taylor Green breaks from her party [1] - Speaker Mike Johnson dismisses Congresswoman Green's opinion due to her lack of expertise on the relevant committees [2] Healthcare Policy - Key issue in the government shutdown is the extension of Obamacare tax credits [1] - Congresswoman Green supports the extension of Obamacare tax credits because her children's health insurance premiums will double if the credits expire [1]
President Trump is open to a shutdown deal with Democrats
CNBC Television· 2025-10-07 11:42
Morning, Mike. Yeah, President Trump said he was open yesterday to making a deal with Democrats on extending those Affordable Care Act tax credits. That opens up a potential off-ramp here for the government shutdown.But Trump did come back caveat his comments with a post on Truth Social, saying that he was happy to work with the Democrats on their failed healthc care policies or anything else, but first they must allow our government to reopen. And that stance from Trump mirrors the stance of a number of Se ...
Day 6 of government shutdown: Here's where things stand
CNBC Television· 2025-10-06 16:02
The Dow is lagging. We're gonna start on day six of this government shutdown. Emily Wilkins has the latest.Where to talk stand, Emily. Sarah, I mean, look, at this point, there's there's no sign of an end of the government shutdown. Both sides really are at a stalemate at this point.Now, we do have senators returning to DC today. They are going to be voting later this afternoon, probably around 6 p. m.for the fifth time to fund the government. And that vote, like the other four, expected to fail as Democrat ...