The Republican tax reform plans in Congress could reduce or end the estate tax. The House proposal would eliminate the tax, while the Senate version would reduce it. According to The Atlantic, the estate tax will only bring in about $20 billion this year. While that adds up to about one-half of one percent of the total amount of revenue that goes to the US Treasury, it has a lot more to do with symbolism. Derek Thompson explains why in this article at The Atlantic.
After the Trump administration ended the Deferred Action for Childhood Arrivals (DACA) program in March, it said it would continue to process pending and renewal applications received through Thursday, October 4, according to the Los Angeles Times. With that deadline looming, law firms and legal clinics are scrambling to submit paperwork before time runs out. “We basically are in emergency mode,” said Angelica Salas, executive director of the Coalition for Humane Immigrant Rights. Meanwhile, attorneys are warning their ‘dreamer’ clients to prepare for worst case scenarios. The ‘dreamer’ program was created by President Obama in 2012 to allow young immigrants brought to the US illegally to secure work permits and temporary reprieves from deportation.
As President Trump decides to end the Deferred Action for Childhood Arrivals (DACA) program enacted by President Obama, members of Congress are gearing up for what could be a contentious fight over continuing protection for young undocumented immigrants. Both Democrats and some Republicans are indicating they’re willing to work on a plan to offer permanent legal status to young immigrants who have been in the country illegally. The president plans to phase out the DACA program over six months, giving Congress time to find a final solution. Details on the forthcoming political battle are available at The Washington Post.
If Congress repeals Obamacare without a replacement, leaving millions without healthcare, some expect a rise in the number of bankruptcies. The number of uninsured is predicted to rise between 10 and 30 million people, depending on whether repeal or repeal and replace passes. For those struggling with medical bills already, losing insurance coverage would drive more people into bankruptcy, experts believe. Read more about the dilemma at The Atlantic.
While two Republican lawmakers work on a bill to strengthen immigration laws, including measures to punish sanctuary cities, critics of the bill say it isn’t tough enough. Hard-line anti-immigration groups who have seen drafts of the legislation say it falls short by failing to provide for Trump’s long-promised border wall, sanctions against businesses that hire illegal immigrants, or E-Verify, the employment-verification system that has been a staple of previous immigration talks on Capitol Hill. Details are in this story from the Washington Post.