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@PuzzledProgressive from Kansas submitted…8hrs8H
Rishi Sunak will unveil tax breaks for landlords on Tuesday as he puts reducing the tax burden and boosting home ownership at the heart of the Conservative general election manifesto.The Telegraph can reveal that the Prime Minister will promise to scrap capital gains tax for landlords who sell their property to tenants. The scheme would last two years.Mr Sunak will also pledge a tax cut for 27 million households if he is re-elected by reducing employee National Insurance again, this time to 6 per cent.The return of the Help to Buy scheme and a vow to abolish stamp duty for first-time buyers on properties worth less than £425,000 will also be included in the manifesto.The unveiling of the manifesto, which is about 80 pages long, is one of the last major moments in the campaign calendar for the Tories to trigger a comeback before the general election on July 4.The policies are an attempt by Mr Sunak to return to traditional Tory strengths of cutting taxes and building homes, after years of a rising tax burden and housing shortages.
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@ISIDEWITH submitted…8hrs8H
Addressing the UN Security Council following its adoption of a US-drafted resolution calling on Hamas to accept the latest Israeli hostage deal proposal, Israel’s representative avoids commenting or expressing opposition to the initiative, which it had been voicing privately for several days.The resolution laid out a three-phase plan that begins with an immediate cease-fire, the release of all hostages in exchange for Palestinians being held in Israeli prisons, the return of displaced Gazans to their homes and the full withdrawal of Israeli forces from Gaza.The second phase calls for a permanent cease-fire with the agreement of both parties, and the third phase would consist of a multiyear reconstruction plan for Gaza and return of the remains of deceased hostages.“The proposal says if the negotiations take longer than six weeks for phase one, the cease-fire will still continue as long as negotiations continue,” the resolution said. It also rejected “any attempt at demographic or territorial change in the Gaza Strip, including any actions that reduce the territory of Gaza.”
@SimilarCabinet from Wisconsin submitted…9hrs9H
The federal government has borrowed roughly $1.2 trillion in the eight-month period ending in May, the Congressional Budget Office (CBO) estimated in a report on Monday.The nonpartisan budget scorekeeper said the figure is $38 billion above the federal budget deficit recorded during the same period in fiscal 2023.Total outlays were up 8 percent in the past eight months, reaching $4.5 trillion, as the CBO noted a 42 percent increase in net outlays for interest on the public debt. The percentage represents an estimated $185 billion increase over the same period in fiscal 2023; the office pointed to rising interest rates as a key contributor.Spending for programs like Social Security, Medicare and Medicaid jumped 6 percent on net during the same time frame, amounting to a $117 billion increase, the CBO estimated. Medicare was projected to have seen the biggest bump, as outlays rose 10 percent, or $51 billion, in a large part due to “increased benefit payments to Medicare Advantage plans,” the CBO said. Spending for Social Security benefits rose 8 percent, or $74 billion, following a rise in beneficiaries and average benefit payments.
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