All articles tagged with #direct payments
The Trump administration rolled out a broad healthcare plan dubbed The Great Healthcare Plan aimed at lowering ACA costs, including direct payments to individuals and expanded health-savings options, while promising to allow Congress to shape details; however, critics warn the plan lacks specifics and could destabilize ACA marketplaces, with no clear timeline for implementation.
Oprah Winfrey and Dwayne "The Rock" Johnson have established The People's Fund of Maui to provide direct payments of $1,200 per month to victims of the recent wildfires in Hawaii. The celebrities donated $10 million to kick off the fundraiser and are seeking additional public donations. The fund aims to assist adults whose homes were destroyed by the fires, offering them the agency to decide how best to use the funds. The Federal Emergency Management Agency (FEMA) has provided an initial payment of $700, but many have expressed that it falls short in addressing long-term recovery needs.
The US Treasury Department has issued new guidance that will enable the development of a range of renewable energy projects that previously had been too onerous from a tax perspective to tackle. The changes could pave the way for hundreds of billions of dollars worth of investment in the coming decade. The guidance around direct payments would allow tax-exempt organizations to put rooftop solar panels on schools, churches and temples. The bigger news is the guidance around transferability of tax credits, which could eliminate the need for complex and expensive tax equity deals.