The National Conference of State Legislatures has created a full breakdown of what’s in The American Rescue Act. Search to see where dollars are allocated by sectors, like education, small businesses, and state and local government. In case you were wondering, the overview states: “State and local governments cannot use the funds towards pensions or to offset revenue resulting from a tax cut enacted since March 3, 2021.”
The American Rescue Act does more than send Americans stimulus checks. In addition, it contains provisions that will make health insurance cheaper for some, especially those who are unemployed. Among the changes: capping the maximum price an individual pays for health care coverage on federal and state exchanges to 8.5% of their income.
Colorado lawmakers, governor unveil $700M state economic stimulus plan. Here’s where the money will go. | The Colorado Sun
Colorado is working on stimulus measures of its own—paid for with better-than-expected tax revenues. Instead of one big bill, however, each provision will require its own bill. See the ideas proposed so far in this article.
Pandemic Lessons: The Importance of the Savings Hierarchy | Plan Adviser
Not all savings are created equally. For example, there are benefits to saving in a health savings account, but if your refrigerator breaks it would also benefit you to have enough cash saved in a savings or checking account. This article surveys not just how much people save, but where they stash it.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.