29 results for search: Adams


News Briefing for Monday, April 27

HEALTHCARE: Obamacare Leaves Behind Millions Of Lower Income Workers “Despite being designed to help the poor, certain aspects of Obamacare are holding millions of individuals back who fall into what is being called the “coverage gap.” Reverend Vann R. Ellison, the president of the Florida based St. Matthew’s House, is trying to bring attention to the issue which he says affects people that fall between the $10,000 and $12,000 a year income range. St. Matthew’s House, which takes care of roughly 1,500 people, provides food and shelter to those individuals trying to work their way out of poverty. “We generally deal with lower income ...

Legislative Update for 04/27/15

Listen to the Podcast here: CALENDAR: The House will return Tuesday, with no votes scheduled before 6:30 PM. It’s a short week – there are no votes scheduled after 3 PM on Thursday. The Senate will return tomorrow, with no votes scheduled before 5:30 PM. We anticipate they’ll be in all week. LAST WEEK ON THE HOUSE FLOOR: The House took up and passed the two Cybersecurity bills we discussed last week – H.R. 1560 and H.R. 1731 – and also took up and passed H.R. 1195, the Bureau of Consumer Financial Protection Advisory Boards Act. THIS WEEK ON THE HOUSE FLOOR: The House will begin its work Tuesday with votes on seven ...

News Briefing for April 25

HEALTHCARE: ObamaCare penalty could be too low, analysis finds “A new analysis highlights that it is often cheaper for people to pay ObamaCare’s penalty for not having health insurance than to buy coverage, meaning the penalty might be too low to spur middle-income people to get covered.  The analysis from the consulting firm Avalere Health finds that for people making less than 200 percent of the poverty line, or about $23,000, purchasing insurance is usually cheaper because of income-based subsidies under the law. The penalty for not having health insurance in 2015 is $325 or 2 percent of income, whichever is greater. But for healthy ...

News Briefing for Friday, April 10

HEALTHCARE: Obamacare spending leads to a higher budget deficit so far in 2015 “The Congressional Budget Office reported Wednesday that the federal government saw a higher budget deficit in the first half of fiscal year 2015 compared to 2014, and said higher spending due to Obamacare is part of the reason. CBO said the budget deficit was $430 billion in the first half of fiscal year 2015, a $17 billion increase. While there were several contributing factors to that increase, CBO said spending on Obamacare was a significant change from 2014 to 2015. First, CBO said Medicaid spending rose by $31 billion from October 1 through March 31 compared ...

News Briefing for Thursday, April 9

TEA PARTY PATRIOTS: The Speaker strikes back (Op-ed by Jenny Beth Martin) “House Speaker John Boehner’s latest volley in his petty war against conservatives in the GOP conference – while saying much more about himself than the men he’s targeting – provides a great opportunity for a discussion about Congress’ stewardship of taxpayer dollars. In the aftermath of the failed attempt to displace him in January, Boehner moved into recrimination mode with considerable dispatch.  For his sin of allowing colleagues to place his name in nomination for speaker, Rep. Dan Webster (R-Fla.) was bounced from the Rules Committee, along with his ...

News Briefing for Thursday, March 19

HEALTHCARE: GOP aims to sink Obamacare with reconciliation But first they have to strike a difficult deal on an overall budget “Senate Republicans want to use a powerful budget maneuver known as reconciliation to go after President Barack Obama’s health care law — particularly if the Supreme Court strikes down key provisions of Obamacare this June. Using the fast-tracking procedure offers some advantage for Republicans, largely because a reconciliation package can’t be filibustered. But it’s not going to be easy. First, House and Senate Republicans need to agree on a budget resolution, which could be difficult with fiscal conserva...

News Briefing for Wednesday, March 11

HEALTHCARE: CBO: Obamacare Premiums Will Increase Faster Than Private Plans “Obamacare health insurance premiums will grow faster than either private policies or the federal government in coming years, according to the Congressional Budget Office. In a report released Monday, the CBO issued updated budget projections showing that “premiums for policies sold through the exchanges are expected to increase more rapidly than the underlying trend in spending” between 2016 and 2018. The CBO projects that the average premium for Obamacare policies will increase by 8.5 percent annually in those years, while federal spending is expected to grow by ...

News Briefing for Friday, March 6, 2015

TEA PARTY PATRIOTS: Unions Rally In Support Of ObamaCare Tax Credit (Quote by Kevin Broughton) “Kevin Broughton, the communications director for the Tea Party Patriots, is suspicious that organized labor is paying much of the crowd for their attendance. “The other folks over here, they mind their manners, which you would expect if you were being paid to come out and protest,” Broughton claims. “They either don’t have jobs or their being paid by the SEIU or some of the other folks that have a vested interest in having their neighbors pay for their own health care.” Broughton also contends that their argument is all emotion and that ...

News Briefing for Tuesday, March 3, 2015

HEALTHCARE: We all win if Supremes gut ObamaCare “…If the high court reins in the subsidies, here’s what’s likely to happen: --People with ObamaCare subsidies will still be helped - No matter how the justices rule, it will have no impact on the poor. Nine out of every 10 people who are newly insured because of ObamaCare are on Medicaid, which will be unaffected. Yes, close to 6 million middle-class Americans get the questionable subsidies and so pay a fraction of their plan’s actual cost, while taxpayers pick up three-quarters of the bill. If the court nixes those subsidies, these people will be facing huge premium hikes — and the ...

News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...