While the pilot focuses on “simple tax situations,” the U.S. Treasury estimates the pilot could cover about one-third of tax situations for 19 million taxpayers. Within five years, the program could save the average filer $160 per year, or a collective $11 billion annually including tax prep fees and time, according to a report from the Economic Security Project.
IRS free tax filing program launches in 12 pilot states Read more
The Biden administration will forgive another $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called the Saving on a Valuable Education, or SAVE, plan. The relief will go to borrowers who have been in repayment for a decade or longer, and originally took out $12,000 or less. Biden has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief.
Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers Read more
The Biden administration has now canceled more than $136 billion in student debt for over 3.7 million Americans, according to the White House. Around $1.7 billion of this new aid will go to 29,700 borrowers enrolled in income-driven repayment plans. In addition, 43,900 borrowers who have worked in public service for a decade or more will receive $3.2 billion in loan cancellation.
Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers Read more
The Biden administration has now cancelled an unprecedented $130 billion in student debt for more than 3.6 million Americans, offering much-needed relief to low-income families across the country.
Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled by the Supreme Court. Still, Biden has managed to erase $127 billion in student debt so far for more than 3.5 million borrowers — more than any other president in history.
Biden administration has forgiven $127 billion in student debt Read more
The U.S. EPA is granting California the legal authority to require that half of all heavy-duty truck sales in the state be fully electric by 2035, an ambitious standard that will go beyond federal requirements.
California to require half of all heavy trucks sales to be electric by 2035 Read more
Starting in early March, store employees will make between $14 and $19 an hour. About 340,000 store employees will get a raise because of the move.
Walmart raises minimum wage by 17% Read more
In 2020, Hawaii’s Legislature passed a law banning the use of coal for energy production at the start of 2023.
Hawaii shuts down its last coal-fired power plant Read more
The ban includes checkout bags, cutlery, straws and food-service ware made from or containing plastics that are hard to recycle, and will come into effect by the end of 2022.
Canada bans manufacture and import of single-use plastics Read more
According to Orsted, the facility will eventually generate enough power to meet the needs of 1 million households in Taiwan.
Taiwan’s ‘biggest offshore wind farm’ generates its first power Read more
