Tag Archives: proposes

Trump EPA proposes overhaul of lead in drinking water rule, critics call plan weak

Trump EPA proposes overhaul of lead in drinking water rule, critics call plan weakThe Trump administration on Thursday proposed retooling a 1991 rule on lead and cooper contamination in drinking water, but critics said the change slows by 20 years the timeline for removing aging lead service lines that could expose children to a toxin known to harm developing brains. Under the rule, community water systems would be required among other things to identify the most impacted areas to find and fix sources of lead when a sample in a home exceeds 15 parts per billion. The EPA said water systems would also have to follow new, improved sampling procedures and adjust sampling sites to better target locations with higher lead levels.



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UPDATE 1-Johnson proposes to leave N.Ireland in special relationship with EU until 2025-Telegraph

UPDATE 1-Johnson proposes to leave N.Ireland in special relationship with EU until 2025-TelegraphBritish Prime Minister Boris Johnson’s new Brexit plan will leave Northern Ireland in a special relationship with Europe until 2025, the Telegraph newspaper reported on Tuesday. The plan, which will be unveiled on Wednesday, means Northern Ireland will remain in large parts of the European Union single market until at least 2025 but the province will leave the EU customs union along with the rest of the UK, according to the report. Northern Ireland’s Democratic Unionist party (DUP) is largely “content” with the proposals, the Guardian reported separately, adding that the plan is supported by DUP leader Arlene Foster.



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Bernie Sanders Proposes Wealth Tax That Would Cut Billionaires’ Net Worth in Half

Bernie Sanders Proposes Wealth Tax That Would Cut Billionaires’ Net Worth in Half(Bloomberg) — Bernie Sanders on Tuesday unveiled a proposal for a wealth tax that takes Elizabeth Warren’s signature idea and pushes it even further, saying his goal is to cut American billionaires’ fortunes in half over 15 years.Sanders, who is struggling to maintain his top-three standing in the Democratic presidential primary campaign, announced the proposal while campaigning in Iowa counties that voted for Barack Obama in 2012 before switching to Donald Trump in 2016.Sanders’ “Extreme Wealth Tax” targets the top 0.1% of U.S. households and would raise an estimated $ 4.35 trillion over the next decade. The revenue would be used to pay for his programs like Medicare for All, universal child care and housing programs.A 1% tax for households with a net worth of more than $ 32 million for a married couple would increase to 2% for households worth $ 50 million to $ 250 million, 3% from $ 250 million to $ 500 million, 4% on $ 500 million to $ 1 billion. The tax would cap at 8% on wealth above $ 10 billion.Warren’s wealth tax begins with 2% on households worth $ 50 million or more.Sanders’ campaign said his wealth tax would slash U.S. billionaires’ wealth in half in 15 years, “which would substantially break up the concentration of wealth and power of this small privileged class.”“Enough is enough,” Sanders, a Vermont senator, said in a statement. “We are going to take on the billionaire class, substantially reduce wealth inequality in America and stop our democracy from turning into a corrupt oligarchy.”To ensure the wealthiest Americans don’t evade the tax, the plans calls for the creation of a “national wealth registry” and “significant additional third-party reporting requirements.”The U.S. Internal Revenue Service would be required to perform audits of 30% of wealth tax returns for those in the 1% bracket and all billionaires’ wealth tax returns would be audited.For those who seek to leave the country to avoid the wealth tax, Sanders calls for a 40% exit levy on the net value of all assets of less than $ 1 billion and of 60% on assets greater than $ 1 billion.The plan would treat assets in a trust “as owned by the grantor of the trust (by the person giving assets to the trust) until that person’s death.”In January, before he announced his presidential run, Sanders proposed expanding the estate tax, calling for a rate of 45% tax on the value of estates between $ 3.5 million and $ 10 million. That rate would increase gradually to 77% for amounts more than $ 1 billion.Economists for the Sanders campaign estimate that had the wealth tax been enacted in 1982, the total wealth of the Forbes 400 richest Americans would be 40% of what it currently is, and they would have a net worth of $ 3 billion on average, instead of the average $ 7.2 billion they held last year.“The share of wealth owned by the Forbes 400 would not have exploded and would only be slightly higher than it was in the early 1980s,” say economists Gabriel Zucman and Emmanuel Saez who analyzed the proposal for the campaign and designed Warren’s tax plan. “The current top 15 wealthiest Americans would own $ 196 billion (instead of the $ 943 billion they own in 2018).”(Updates with polling in 2nd paragraph.)To contact the reporter on this story: Emma Kinery in Washington at ekinery@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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U.S. presidential candidate Booker proposes $3 trillion climate change plan

U.S. presidential candidate Booker proposes $  3 trillion climate change planU.S. presidential hopeful Cory Booker unveiled a $ 3 trillion plan to address climate change on Tuesday, vowing to reach a 100% clean energy economy by 2045 by sharply curbing fossil fuels while investing heavily in renewable energy sources. The plan also calls for a new White House-coordinated “Environmental Justice Fund” that would focus on defending at-risk communities from environmental threats, including a nationwide lead remediation program to replace all lead water pipes for schools and residences. Booker’s home of Newark, New Jersey, where he served as mayor for seven years, has been grappling with lead contamination in its water supply in recent weeks.



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Greece proposes Parthenon marbles swap, says still wants their permanent return

Greece proposes Parthenon marbles swap, says still wants their permanent returnGreece confirmed on Tuesday its readiness to loan treasures to the British Museum in return for being able to temporarily exhibit the Parthenon marbles but also said the proposal did not alter its long-standing demand for their permanent return. Prime Minister Kyriakos Mitsotakis told Britain’s Observer newspaper on Sunday he was willing to lend important artefacts to London that “have never left Greece” in return for putting the marbles on display in Athens in 2021, when the country marks 200 years since the start of its War of Independence. Athens has repeatedly called for the permanent return of the 2,500-year-old sculptures that Britain’s Lord Elgin removed from the Acropolis temple during a period when Greece was under Ottoman Turkish rule.



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Bernie Sanders proposes canceling $81 billion U.S. medical debt

Bernie Sanders proposes canceling $  81 billion U.S. medical debtU.S. presidential contender Bernie Sanders proposed a plan on Saturday to cancel $ 81 billion in existing past-due medical debt for Americans, but offered no details on how it would be financed. Sanders, an independent U.S. senator from Vermont, said in a statement that under his plan, the government would negotiate and pay off past-due medical bills that have been reported to credit agencies. The proposal, he said, would also repeal some elements of the 2005 Bankruptcy reform bill and allow other existing and future medical debt to be discharged. “In the United States of America, your financial life and future should not be destroyed because you or a member of your family gets sick,” said Sanders.



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Ohio lawmaker proposes using seized fentanyl in executions

Ohio lawmaker proposes using seized fentanyl in executionsAn Ohio lawmaker says he has the solution to the state's problem securing execution drugs: use fentanyl seized by police instead.



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Warren Proposes Renewing Assault Weapon Ban, Hiking Gun Taxes

Warren Proposes Renewing Assault Weapon Ban, Hiking Gun Taxes(Bloomberg) — Less than a week after two deadly mass shootings renewed the gun control debate in the U.S., Elizabeth Warren set out an agenda for executive action and legislation to tighten firearms regulation and reinstitute a federal assault weapons ban.The Democratic presidential candidate said that if she’s elected she would ask Congress, among other measures, to create a federal licensing system for gun ownership, expand background checks and raise the tax on firearms to 30% for firearms and 50% for ammunition.“Our nation can no longer be held hostage by a small group of well-financed extremists who have already made it perfectly clear that they will never put the safety of the American people first,” Warren wrote in a Medium post Saturday. She vowed to “hold both gun dealers and manufacturers accountable for the violence promoted by their products.”Warren joins several other Democratic candidates in promising bold executive action to limit gun ownership, even though the president has very limited power to control the sales and use of firearms. The most sweeping actions, such as increasing taxes on guns and ammunition or prohibiting assault rifles like those used in last weekend’s mass shooting, would require cooperation from Congress. That’s unlikely to happen while Republicans, who’ve opposed stricter gun control, have a majority in the Senate.To end the stalemate in Congress, Warren said she’d break the National Rifle Association’s “stranglehold on Congress” through legislation that she said would sharply curtail the power of lobbyists. She also advocates the Senate end the filibuster, which allows a minority to block legislation.Warren would limit the number of guns that can be purchased to one per month, and require bulk sales of weapons to be reported. She would enact a federal ban in the production, sale, and importation of military-style assault weapons, large-capacity magazines for all firearms, and accessories that make guns more deadly, like silencers and trigger cranks.She proposed using more federal government resources to restrict gun trafficking across states and the southern border, and would pass a new federal gun licensing system and require permanent universal background checks.Warren said her administration would spend $ 100 million annually for gun safety research and raise the minimum age for gun purchases to 18 to keep more guns out of the hands of teenagers. She said her goal would be to cut the number of firearms deaths in the U.S. — almost 40,000 a year — by 80%, matching the decline in the number of people killed in vehicle crashes over the past half century.Warren rolled out her new plan ahead of a Gun Safety Forum in Des Moines, Iowa, on Saturday, organized by Everytown for Gun Safety. Several Democratic presidential candidates, including Joe Biden, Bernie Sanders and Pete Buttigieg, are scheduled to attend.Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News, founded and helps fund Everytown for Gun Safety, a nonprofit that advocates for universal background checks and other gun violence prevention measures.To contact the reporter on this story: Misyrlena Egkolfopoulou in Iowa at megkolfopoul@bloomberg.netTo contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Virginia Van NattaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Kamala Harris proposes $100 billion plan for black homeownership

Kamala Harris proposes $  100 billion plan for black homeownershipHarris said her program would “put homeownership within the reach” of millions of families.



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Kamala Harris proposes $100 billion plan for black homeownership

Kamala Harris proposes $  100 billion plan for black homeownershipHarris said her program would “put homeownership within the reach” of millions of families.



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