Debate Archives - Zxcoachoutlet

Big money funds debate on Illinois graduated income tax vote

October 11, 2020

SPRINGFIELD, Ill. (AP) — Both sides in the debate over a ballot measure to change Illinois’ income tax system from a flat-rate to a graduated structure have straightforward arguments

Democratic Gov. J.B. Pritzker and other proponents call it the “fair tax” because it demands more from those with higher incomes. Those making less than $250,000 a year would pay no more than the current 4.95% flat rate.

Opponents point to the state’s history of political corruption, saying the proposal on the November ballot would loosen constitutional restraints on lawmakers’ spending.

THE PROPOSAL

The ballot question would amend the Illinois Constitution to discard the current income tax system, in which every individual pays the same flat rate, 4.95%, and corporations pay 7%. It would set up brackets, like the federal government and 32 other states. The tax rate would increase with income.

BIG STAKES, BIG MONEY

Campaign group Vote Yes for

Vice presidential debate: Harris hits Trump over tax returns, asks president who he owes money to

October 8, 2020

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Democcratic vice presidential candidate Kamala Harris went after President Trump for not paying enough money in taxes, and questioned who he might owe money to.

“We now know because of great investigative journalism that Donald Trump paid $750 in taxes,” Harris said during Wednesday night’s vice presidential debate. “When I first heard about it, I literally said, ‘You mean $750,000?’ Nope $750.”

Harris was referring to a recent report by The New York Times, who obtained information on the president’s 2016 and 2017 taxes, both of which show he paid a total of $750 in federal taxes each year.

The Times also reported that he paid no federal income taxes for ten of the 15 years prior to winning the presidency in 2016, largely due to the fact that he reported financial loses greater than his income.

KAMALA HARRIS VOWS BIDEN WILL REPEAL TRUMP TAX CUTS ‘ON DAY ONE’

“We

The Finance 202: Pence, Harris trade jabs over jobs and taxes at economics-heavy debate

October 8, 2020

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The event offered far more substance than the shout-fest between the candidates at the top of the ticket last week. The debate also featured a number of claims about the two sides’ respective economic records that stretched the truth or outright snapped it. Here’s a look at where Pence and Harris collided on taxes, the economic recovery and manufacturing jobs.

Harris pledged Joe Biden would repeal Trump’s tax cuts immediately; Pence said all Americans would see a tax hike.

Harris was repeating a claim the Democratic nominee himself has made to explain how he would pay, in part, for some $7.3 trillion in proposed spending on new stimulus, infrastructure projects and social safety net programs.

“On Day One, Joe Biden will repeal that tax bill,” Harris said of Trump’s signature tax cut that heavily benefitted corporations and the wealthy. “He’ll get rid of it, and what he’ll do with

Biden Climate Plan Aligns With Green New Deal: Debate Fact Check

October 8, 2020

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(Bloomberg) — Bloomberg News is checking the facts as Vice President Mike Pence and Senator Kamala Harris have their one and only debate.

Mike Pence wearing a suit and tie: Mike Pence speaks during the U.S. vice presidential debate at the University of Utah on Oct. 7.

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Mike Pence speaks during the U.S. vice presidential debate at the University of Utah on Oct. 7.

Pence Claim: Biden and Harris support the Green New Deal

Harris co-sponsored legislation rooted in the far-reaching progressive climate plan known as the Green New Deal. And while Biden has said he does not support the Green New Deal, he has released a plan that aligns with some of its goals.

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A $2 trillion climate plan Biden outlined in July calls for achieving “a carbon pollution-free power sector by 2035,” as well as spending on renewable energy infrastructure, getting cleaner cars on the road and creating zero-emission mass transit systems. The spending would also boost sustainable home building, clean energy innovation and conservation.

The sweeping Green

Money Topics We Want Covered at the Debate

October 7, 2020

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We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

The first debate between President Donald Trump and his Democratic challenger Joe Biden last week didn’t hit on a lot of pocketbook issues affecting Americans.

They were, in fact, barely mentioned.

But one thing is clear: Americans haven’t been feeling good about their finances for a while. More than half have been anxious about their money since the beginning of the coronavirus pandemic, according to a NextAdvisor survey, and 54% of unemployed workers said they had no plan to cope with the end of enhanced unemployment benefits when they expired in July.

The third quarter of the year has ended with unemployment at a relatively high

The Debate, The Diagnosis, And Jobs

October 7, 2020

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By Kristina Hooper, Chief Global Market Strategist

Weekly Market Compass: We explore the impact of three key events on markets and the economy

Last week’s news cycle was relentless. Tuesday’s chaotic US presidential debate dominated headlines for a few days – until Friday, when President Donald Trump announced that he and the first lady tested positive for COVID-19. Amidst all of this, a disappointing US jobs report flew mostly under the radar. This week, I explore these three issues in terms of economic and market implications.

The debate

In my view, the first presidential debate was unruly and stressful, to say the least. I’m not sure I’ve heard three human beings talk over each other so much since my three kids were all under the age of five. I had a list of issues that I hoped to hear about during the event. But unfortunately, very little in the way

Torn U.S. tech investors debate buy or sell in wake of shakeout

October 6, 2020

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Video: Fed’s Barkin Expects Strong U.S. Growth in Third Quarter (Bloomberg)

Fed’s Barkin Expects Strong U.S. Growth in Third Quarter

UP NEXT

By Caroline Valetkevitch

a bench in front of a building: The New York Stock Exchange

© Reuters/CARLO ALLEGRI
The New York Stock Exchange

NEW YORK (Reuters) – Investors are grappling with how to play heavyweight U.S. technology shares, which are trading well above long-term valuations despite a sell-off last month that took some air out of the stocks.

After leading the rally back from the market’s March lows, the S&P 500 information technology sector has underperformed recently and was among the weakest within the S&P 500 in September.

The tech sector remains down about 8% since peaking on Sept. 2, compared with about a 5% decline in the S&P 500.

Even with the sell-off, the S&P 500 technology sector is trading at about 25 times forward earnings and at a nearly 55% premium to its 10-year average,

Susan Wild, Lisa Scheller clash over police protests, health insurance, taxes during first 7th District debate

October 6, 2020

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Democratic incumbent Susan Wild and Republican challenger Lisa Scheller sparred over health insurance policy, tax plans and accusations of extremism on Monday during the first 7th Congressional District debate of the general election.

a group of people sitting in a chair in front of a building: The Greater Lehigh Valley Chamber of Commerce holds an event with the recording of the WFMZ tv show Business Matters with Tony Iannelli, who is holding the first debate between 7th Congressional District candidates Susan Wild, and Lisa Scheller, center, at Saucon Valley Country Club. During a recording break.

© April Gamiz/The Morning Call/The Morning Call/TNS
The Greater Lehigh Valley Chamber of Commerce holds an event with the recording of the WFMZ tv show Business Matters with Tony Iannelli, who is holding the first debate between 7th Congressional District candidates Susan Wild, and Lisa Scheller, center, at Saucon Valley Country Club. During a recording break.

Scheller was on the offensive from the get-go, criticizing Wild for usually voting with Democratic House Speaker Nancy Pelosi, whom Scheller believes is trying to “take us down a road to socialism.” In contrast, Scheller portrayed herself as a business leader who cut taxes and worked across the aisle during her four years serving as a Lehigh County commissioner.

Wild,

A debate on reimagining health insurance: Video from MedCity Invest Digital Health

October 2, 2020

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The INVEST Digital Health Virtual conference, held in partnership with healthcare industry association Medical Alley, included conversations spanning behavioral health, the future of health insurance and how hospitals are addressing the pandemic.

We recorded each session and now you can check it out on video!

The latest installment focuses on the future of health insurance in the panel: VC Versus Entrepreneur: A Debate on How the Future of Health Insurance Can Be Reimagined

In this debate, an entrepreneur argues that consumers are ready to be active healthcare consumers, and better insurance design – one that illuminates treatment options with clear prices so consumers know the cost upfront and can make better decisions in advance of care – is the way to get there. A venture capitalist maintains that the world of insurance is indeed so complicated that no amount of improved design will do and that consumers need advocates to

Asia Shares Mixed Ahead of China Holiday, Trump-Biden Debate | Business News

October 1, 2020

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By YURI KAGEYAMA, AP Business Writer

TOKYO (AP) — Asian shares were mixed in muted trading Monday, ahead of the first U.S. presidential debate and a national holiday in China later in the week.

Japan’s benchmark Nikkei 225 rose 1.3% in afternoon trading to 23,511.62, while South Korea’s Kospi added 1.4% to 2,310.85. Australia’s S&P/ASX 200 lost earlier gains to slip 0.2% to 5,952.30. Hong Kong’s Hang Seng index rose 0.8% to 23,429.81, while the Shanghai Composite index inched less than 0.1% lower to 3,216.46.

China is celebrating its National Day and Mid-Autumn festival on Oct. 1, followed by a weeklong holiday through Oct. 8.

China’s statistical bureau reported Sunday that industrial profits rose 19% in August from a year earlier, as the economy recovered from the pandemic downturn.

Regional markets are seeing signs of improvement in economic activity despite the coronavirus pandemic, as businesses strive to achieve a new