The poorest American families could lose federal benefits worth a third of their income, on average, if the House Republican health care bill becomes law, according to a new report.
At the same time, the richest households would receive a tax break of $5,640 a year, according to the study conducted by the Urban Institute and the Urban-Brookings Tax Policy Center, which looks at the impact on families with different incomes in 2022.
The legislation, which could be voted on as soon as Thursday, would hit those making less than $10,000 a year so hard because these folks receive hefty amounts of government assistance from Obamacare. Many benefit from the expansion of Medicaid to low-income adults, while those who earn just a bit more receive generous subsidies that lower their premiums, deductibles and co-pays.
The GOP bill, titled the American Health Care Act, would eliminate the enhanced federal funding for Medicaid expansion and cap federal support of the entire program. It would also replace Obamacare’s subsidies with less generous tax credits based mainly on age, rather than income. (Individuals who earn more than $215,000 and couples making more than $290,000 don’t qualify for tax credits, under the GOP bill.)
how to invest in stock market: Eastman Kodak Company(KODK)
- [By Lee Jackson]
Another famous American company caught a seller last week. Eastman Kodak Co.(NYSE: KODK) had a 10% owner selling shares. Blue Mountain Capital sold a total of 1,353,653 shares, and prices ranged from $11.54 to $11.75 a share. The total for the sale was set at $16 million. The shares closed Friday at $11.50, in a 52 week range of $10 to $17.30. There was no consensus target as the stock is not followed on Wall Street.
- [By William Patalon III]
One of those analysts was a gent named Michael W. Ellmann, a onetime Shakespearian literature professor who’d become a securities analyst for Wertheim Schroder & Co. in New York. Michael was covering Eastman Kodak Co. (NYSE: KODK) for Schroder when I took over the Kodak beat for Gannett Newspapers, and we became fast friends.
- [By William Patalon III]
The first trade spat that I covered during my newspaper days was one back in the mid-1990s that pitted Eastman Kodak Co. (NYSE: KODK) against Fujifilm Holdings Corp. (OTC ADR: FUJIY).
how to invest in stock market: American Assets Trust, Inc.(AAT)
- [By Markus Aarnio]
Owens Realty Mortgage’s competitors include American Assets Trust (AAT), Alexandria Real Estate Equities (ARE) and Boston Properties (BXP). American Assets Trust has seen five insider buy transactions and four insider sell transactions this year. American Assets Trust has a dividend yield of 2.78%. Alexandria Real Estate Equities has seen 14 insider sell transactions this year. Alexandria Real Estate Equities has a dividend yield of 4.10%. Boston Properties has seen one insider buy transaction and four insider sell transactions this year. Boston Properties has a dividend yield of 2.43%.
how to invest in stock market: InnerWorkings, Inc.(INWK)
- [By Tom Gentile]
Now as you can see – and as I mentioned earlier – there’s one that outperforms the others: InnerWorkings Inc. (Nasdaq: INWK):
INWK is a top marketing firm that services a wide range of Fortune 500 media companies as well as retail, financial, hospitality, automotive, healthcare, and others. It met earnings expectations for the first quarter and fell just short of revenue expectations. Despite that, it’s been steadily climbing:
how to invest in stock market: Hostess Brands, Inc. (TWNK)
- [By Paul Ausick]
There was an IPO of sorts last week when Gores Holdings II raised $375 million with an offer of 37.5 million units at $10 per unit. The shares are listed on the Nasdaq under the ticker symbol GSHTU. Gores Holdings I acquired Hostess Brands last year and completed an IPO in December for Hostess Brands Inc. (NASDAQ: TWNK).