Texas county reworks guaranteed income program after legal blow by state’s supreme court
Leaders in Harris County, Texas, on Thursday approved changes to a guaranteed income program that had been challenged and rejected by the state Supreme Court. “Hundreds of Harris County families were counting on $500 monthly payments in April to help them pull themselves out of poverty, but now they’re in trouble because of the political […]
Harris County, Texas commissioner slams guaranteed income programs: ‘They don’t change anything’
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Middle and low income Americans running out of disposable cash: SF Fed
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” Low and middle-income Americans are short on discretionary cash and are on track to have less than they had before the COVID pandemic upended the economy, a survey by the National Statistics Office has found. Federal Reserve System […]
King to receive extra £45m of public money as crown estate income soars | King Charles III
Prince Charles is set to receive a huge pay rise of over 50% to £45 million a year, according to official reports. The £1.1 billion profits from the Royal Estate – part of which goes to the Royal Household – will mean that the Sovereign Grant, which supports the Royal Services, will increase from £86 […]
Changes the Government has made that will affect retirees’ Social Security income – La Grada EN
After a state court ruled that Social Security benefits could be used to determine spousal support income, recipients found that their alimony amount had changed and, as a result, Social Security IncomeUnder federal law, Social Security can be used as income when determining the amount of alimony an ex-spouse pays to another ex-spouse, a Colorado […]
Judge puts pause on St. Louis guaranteed income program that pays poor families $500 a month
A Missouri judge has halted a St. Louis guaranteed income program that is currently under court challenge. Circuit Judge Joseph P. White on Thursday issued a temporary restraining order against the Guaranteed Basic Income Project (GBI) in St. Louis, a move that will affect more than 500 families who were participating in the GBI program. […]
Phoenix To Use Federal Funding for Universal Basic Income Pilot
Estimated Reading Time: 2 minutes One thousand lucky Phoenix families will get $1,000 in taxpayer funding a month in 2022. The Phoenix City Council has approved $12 million for a “Financial Assistance for Phoenix Families Program,” a lottery-based form of universal basic income that will begin in January 2022 if not sooner. The program, which […]
Patrick Morrisey Calls to Abolish West Virginia Income Tax if Elected as Governor
West Virginia Attorney General Patrick Morrisey called for eliminating the state’s income tax in an interview with Breitbart News on Wednesday. Morrissey, the Republican nominee to replace outgoing Gov. Jim Justice, spoke to Breitbart News Washington bureau chief Matthew Boyle at the Republican National Convention in Milwaukee, Wisconsin. WATCH — West Virginia Attorney General Patrick […]
Negative car equity is higher among borrowers with lower income and credit scores: CFPB
A recent CFPB report suggests that incorporating negative equity into new car loans may be a risky practice. (iStock) According to a recent study by the Consumer Financial Protection Bureau (CFPB), drivers with negative balances on their auto loans are twice as likely to have their accounts foreclosed, and they also have lower incomes and […]
Bank of America profit drops on lower interest income, outlook lifts shares
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Bank of America Inc.’s second-quarter profit fell on lower interest income from loans and an increase in provisions for potential credit losses, but the bank’s shares rose in premarket trading after it reported […]