Net sales taxes rose by 16.3% last month, while corporate income tax collections plummeted by 69%, a decrease due to a large drop in corporate tax payments coupled with a big increase in refunds.
Black entrepreneurs have long faced challenges be it getting financial capital, or discrimination in contracting. Now, the pandemic has hit them the hardest and many are trying to find ways to thrive.
A bailout for live music and other event venues passed in the last relief bill. But one month after applications were scheduled to launch, they have not, and many venues are barely hanging on.
The average age of farmers in the U.S. is nearly 60 years old. That means younger farmers are urgently needed. A third of U.S. farmland is expected to change hands by 2035.
The monthly checks would mark a big shift in the federal government's approach to child poverty. One study estimates they could cut the number of poor children by half.
At birth, babies' brains look pretty similar. But by age five, there are acute disparities in development. Through a series of studies, Kimberly Noble has found one major factor is family income.
Millions who lost jobs at the beginning of the pandemic are still out of the labor force, making up levels of the unemployed not seen since the Great Recession.
The package would deliver a new round of financial assistance to Americans grappling with the impact of the pandemic. The House will need to vote on the final version.
The change is a compromise between progressive members who wanted enhanced benefits for several more months and moderate Democrats who wanted to curb the weekly payments.
Independent researchers found that the first year of a universal basic income experiment in Stockton, Calif., measurably improved recipients' job prospects, financial stability and overall well-being.