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Interior Secretary Nominee Admits Jobs Losses Over Pipeline Shutdown

The Biden Administration is on track to close down another oil pipeline. After shutting down the Keystone Pipeline System, next on the Biden agenda is the Dakota Access Pipeline, a 1,172-mile-long underground oil pipeline from northwest North Dakota to an oil terminal in southern, Illinois. The pipeline delivered its first oil in May 2017. The … Continue reading “Interior Secretary Nominee Admits Jobs Losses Over Pipeline Shutdown”

Upping Minimum Wage Could be Deal Breaker in COVID-19 Relief Package

Which Republican said the following about the $1.9 trillion COVID-19 stimulus package passed by the house in the early morning hours of February 27th: “This bill addresses urgent needs (brought on by the pandemic), and then buries them under a mountain of unnecessary or untimely spending.” Actually, it wasn’t a Republican; it was Maine Democrat … Continue reading “Upping Minimum Wage Could be Deal Breaker in COVID-19 Relief Package”

How to Avoid Over-Spending When the Economy Opens Up

Can you feel it? We’re talking about a lot of optimism looking ahead to this spring, summer and fall that things will return to some sort of normal as an end to the COVID-19 pandemic seems to be getting closer and closer. Cases are falling sharply worldwide in a way that they’ve never declined before, … Continue reading “How to Avoid Over-Spending When the Economy Opens Up”

Will The $1.9 Trillion Stimulus Bill be Approved? What You Need to Know

Now that former President Donald Trump’s impeachment trial is over, all eyes on Capitol Hill are turning to President Joe Biden’s massive $1.9 trillion stimulus bill, which appears to be headed for approval down partisan lines. The Democratic majority in the House of Representatives already voted to approve the plan, meaning the Senate will take … Continue reading “Will The $1.9 Trillion Stimulus Bill be Approved? What You Need to Know”

Robinhood Stock App Faces Competition from the ‘Public’ Sector

The mask slipped from the face of the financial elite at the start of this year when a group of private investors played the stock market for all it was worth. Working as a group, independent low-level investors manipulated the price of Game Stop stock shares and made a killing. In response to this, the … Continue reading “Robinhood Stock App Faces Competition from the ‘Public’ Sector”

REMINDER: Some Social Security Income is Taxable

Way back in 1938 the U.S. Treasury Department ruled that Social Security benefits were excluded from federal income taxes. That ruling held until 1984 when a portion of Social Security benefits were subjected to federal income taxes. The somewhat mind-boggling rationale for subjecting money we already paid as a form of taxation to yet another … Continue reading “REMINDER: Some Social Security Income is Taxable”

Self-Employed and Miss Work Due to COVID-19? Here’s What You Can Do

It’s no secret that the COVID-19 pandemic has taken its toll on Americans in a variety of ways. From still elevated unemployment numbers and tens of millions of Americans struggling to make ends meet to restaurants operating at reduced capacity, the impact has been far-reaching. And while the federal government has passed multiple stimulus packages … Continue reading “Self-Employed and Miss Work Due to COVID-19? Here’s What You Can Do”

The North to South Business Migration Escalates

Fifth Avenue to Palm Beach? Silicon Valley to the Lonestar State? If high taxes and an unfriendly business environment were mounting prior to the COVID-19 pandemic in northern and left-coast states, you might say that the pandemic was the tipping point. Just look at all the businesses that have or are in the process of … Continue reading “The North to South Business Migration Escalates”

Prepare For an Unusual Tax Filing Season This Year

The pandemic has slowed down the economy, but it hasn’t delayed the April 15, 2021, tax filing deadline. The IRS, however, didn’t start processing tax returns until February 12th. As we’ve noted in a few previous articles, your tax filing isn’t going to look the same as it did last year for multiple reasons — … Continue reading “Prepare For an Unusual Tax Filing Season This Year”

California Pays out over $11 Billion in Fraudulent Unemployment Claims

Since the beginning of the pandemic, California has doled out $114 billion to 19 million unemployment recipients. Last month, California auditors reported that at least $11.4 billion in those taxpayer-funded benefits were paid to scammers. Worse yet, some estimates are that the amount could be about three times that — $31 billion in fraudulent payments … Continue reading “California Pays out over $11 Billion in Fraudulent Unemployment Claims”

Targeted Stimulus Checks? How it Might Work

All signs indicate that the Biden Administration is working toward making good on the promise of the $1,400 checks that it stated it would send upon taking office with Democratic control of the House and Senate. But the President made waves last week when he hinted at support for a proposal that would more significantly … Continue reading “Targeted Stimulus Checks? How it Might Work”

Monthly Child Credits? Some Lawmakers Are Proposing It

Though the Biden administration has come under fire for publicly stating that it’s open to more targeted $1,400 stimulus checks as part of its $1.9 trillion COVID-19 relief package, one proposal that’s perking ears is an expansion to the child tax credit. If you have children, then you likely receive a tax credit of up … Continue reading “Monthly Child Credits? Some Lawmakers Are Proposing It”

Elon Musk’s Tesla Invests $1.5 Billion in Bitcoin

In a previous article we highlighted one prediction that Bitcoin will hit the $50,000 mark during 2021. On February 10, Bitcoin reached a 24-hour high or $47,536. Investors have realized year-to-date returns of just over 51% in their Bitcoin holdings. One investor who primed the Bitcoin market was Elon Musk, Tesla CEO and one of … Continue reading “Elon Musk’s Tesla Invests $1.5 Billion in Bitcoin”

Study Shows Just How Devastating Lockdowns Have Been For Small Businesses

A recent study is giving Americans grief over just how harmful draconian economic lockdowns have been for small businesses throughout the country. The Small Business Credit Survey 2021 survey reached more than 15,000 small businesses at the height of the 2020 COVID-19 pandemic. The survey received nearly 10,000 responses from a nationwide sample of small … Continue reading “Study Shows Just How Devastating Lockdowns Have Been For Small Businesses”

Jeff Bezos STEPS DOWN as Amazon CEO — What Happens Next?

Amazon founder Jeff Bezos, the richest man in the world, is stepping down as CEO of the world’s largest internet business. Amazon got into the web business as a book seller. It has since expanded to a 1.3 million-employee, $386 billion in 2020 revenue, with a market capitalization of about $1.7 trillion. Bezos’ personal net … Continue reading “Jeff Bezos STEPS DOWN as Amazon CEO — What Happens Next?”

7 KEY Changes to the IRS Tax Code You Need to Know About

The year 2020 was like no other. The Covid-19 pandemic and the government’s response to the financial hardship it brought to most Americans mean that filing income taxes by April 15, 2021, will be different. Those differences are reflected in the coronavirus legislation and traditional inflation adjustments. If you followed the advice in our previous … Continue reading “7 KEY Changes to the IRS Tax Code You Need to Know About”

How Biden’s Stimulus Package Could Do More Harm Than Good

If the nation’s gross domestic product (GDP) were a jogger, the costs and debts of government would be like a weighted backpack. According to the Office of Management and Budget, for fiscal year 2021 (Oct. 1, 2020 to September 30, 2021) current federal spending is nearly $5 trillion. That’s about 21 percent of our GDP. … Continue reading “How Biden’s Stimulus Package Could Do More Harm Than Good”


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