Update: Senate Republicans have just released their official 142-page healthcare bill.
Here are some initial takeaways from the Wall Street Journal:
- The bill seeks funding for insurers through 2021
- The bill provides tax credits, lowers income eligibility
- Tax cuts on high-income households largely unchanged from House plan
- Bill suspends 'Cadillac Tax' on employer health plans through 2025
Specifically on Taxes:
Most Americans’ idea of happiness involves lounging by the water or on a beach somewhere. But it turns out, human happiness can flourish even in freezing climates far from the equator.
At a time of year when gasoline demand should be soaring and inventories tumbling, neither is happening and economists, policy-makers, and politicians are perplexed. However, Barclays Capital has an idea - it's because undocumented immigrants are scared to get behind the wheel.
Gasoline demand is puking when it should be peaking in the middle of summer-driving-season...
And Inventories are surging when they should be tumbling...
Authored by Mike Shedlock via MishTalk.com,
GE has the largest pension shortfall in the S&P 500. It’s a $31 Billion Balance Sheet Hole That Keeps Growing.
At $31 billion, GE’s pension shortfall is the biggest among S&P 500 companies and 50 percent greater than any other corporation in the U.S. It’s a deficit that has swelled in recent years as Immelt spent more than $45 billion on share buybacks to win over Wall Street and pacify activists like Nelson Peltz.
Via The Daily Bell
How many successful people can there be? It seems like, after every article you read these days, the author bio talks about a book they have written, an invention they created, a prestigious award or some other indicator of great success. Yet I’ve never really heard of most of them.
I used to get pings of jealousy when I would see descriptions like that of successful people; it almost felt like there were a limited number of “success” spots on planet earth, and if they were taking one up, it made it that much less likely for me to get one.