Appeals will continue, but let’s take the Halbig decision at face value. How much will this decision cost the working poor? The amount varies with income and other variables, but for a 40 year old individual making $30,000 a year, the tax credit was estimated at $1345 (KFF estimate here). Retroactive tax bills under Halbig will be significant and everyone impacted will have trouble paying for health insurance going forward (about 57% of exchange participants were previously uninsured, according to a KFF survey).
How many people will be hurt?
Read more here at “The Incidental Economist” ….
— by Megan Slack, August 01, 2013
America has always been a nation of immigrants, and throughout the nation’s history, immigrants from around the globe have kept our workforce vibrant, our businesses on the cutting edge, and helped to build the greatest economic engine in the world. But our nation’s immigration system is broken and has not kept pace with changing times. Today, too many employers game the system by hiring undocumented workers and there are 11 million people living and working in the shadow economy. Neither is good for the U.S. economy or American families.
Commonsense immigration reform will strengthen the U.S. economy and create jobs. Independent studies affirm that commonsense immigration reform will increase economic growth by adding more high-demand workers to the labor force, increasing capital investment and overall productivity, and leading to greater numbers of entrepreneurs starting companies in the U.S.
Economists, business leaders, and American workers agree – and it’s why a bipartisan, diverse coalition of stakeholders have come together to urge Congress to act now to fix the broken immigration system in a way that requires responsibility from everyone —both from unauthorized workers and from those who hire them—and guarantees that everyone is playing by the same rules. The Senate recently passed a bipartisan, commonsense immigration reform bill would do just that – and it’s time for the House of Representations to join them in taking action to make sure that commonsense immigration reform becomes a reality as soon as possible.
In addition to giving a significant boost to our national economy, commonsense immigration reform will also generate important economic benefits in each state, from increasing workers’ wages and generating new tax revenue to strengthening the local industries that are the backbone of states’ economies. The new state by state reports below detail how just how immigration reform would strengthen the economy and create jobs all regions of our country.
We must take advantage of this historic opportunity to fix our broken immigration system in a comprehensive way. At stake is a stronger, more dynamic, and faster growing economy that will foster job creation, higher productivity and wages, and entrepreneurship.
Reprinted from The White House Blog. For more information:
— by Zack Ford on Feb 22, 2013 at 9:05 am
In early 2012, lawmakers in New Jersey successfully passed marriage equality bill, but Gov. Chris Christie (R) vetoed it, claiming same-sex marriage was not an issue of “gay rights.” The legislature has until January 2014 to attempt to override that veto, and Democratic leaders in both chambers announced this week that they will attempt to do just that.
The bill originally passed the Senate with a 24-16 vote, so only three more votes are needed to reach a two-thirds majority for the override. In the Assembly, however, the bill only passed 42-33, so 12 more votes are needed. Lawmakers will likely wait until after the June elections to hold the vote so that Republicans are more willing to consider a controversial vote. LGBT activists have been lobbying for more support for an override since the bill’s passage last year, primarily because they are opposed to a referendum.
Openly gay Assemblyman Reed Gusciora (D) actually wants to allow for a vote, because he believes “the worst thing that can happen is the status quo.” However, Senate President Steve Sweeney also opposes a referendum, and for good reasons. As Garden State Equality pointed out last year, ballot initiatives are “a contest of which side can raise more millions” that offers “a community’s civil rights up for sale to the highest bidder.” Not only is a referendum incredible expensive, but it can have harsh consequences for the mental health of the entire LGBT community.
Arguably, a majority of New Jersey voters do support marriage equality, with polls showing as many as 53 percent, if not 57 percent, support. That, however, should be motivation for lawmakers to simply do their job and represent the interests of their constituents. Marriage equality is what’s best for New Jersey’s economy and the well-being of its citizens, in addition to just being the right thing to do.
This material [the article above] was created by the Center for American Progress Action Fund. It was created for the Progress Report, the daily e-mail publication of the Center for American Progress Action Fund. Click here to subscribe.