Tag: Government taxation and revenue

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Health

What’s up with Obamacare and my healthcare?

In this Oct. 30, 2013 file photo, President Barack Obama speaks at Boston’s historic Faneuil Hall about the federal health care law. Now is when Americans start figuring out that President Barack Obama’s health care law goes beyond political talk, and really does affect them and people they know. (AP Photo/Charles Dharapak, File) by Jen Christensen (CNN) — As the politicians fuss and fight over the merits of the biggest overhaul of the health insurance system in this country, you may be wondering, “What does this all mean to me?” Here’s what we know so far about what’s up with your healthcare.

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Business

Lamborghini reveals $4.5 million roofless car

by Peter Valdes-Dapena NEW YORK (CNNMoney) — Lamborghini has released photos of its latest multi-million supercar, the Veneno Roadster. The car is an open-roofed version of the Lamborghini Veneno coupe, which was unveiled at last year’s Geneva Motor Show.

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Health

Premiums unveiled for health overhaul plans

Health and Human Services Secretary Kathleen Sebelius speaks during an event discussing the federal health care overhaul in Philadelphia. (AP Photo/Matt Rourke, File) by Ricardo Alonso-ZalvidarAssociated Press Writer WASHINGTON (AP) — With new health insurance markets launching next week, the Obama administration is unveiling premiums and plan choices for 36 states where the federal government is taking the lead to cover uninsured residents. Before tax credits that work like an upfront discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $328 a month nationally for an individual, comparable to payments for a new car.

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Health

Obamacare trade-off: low premium, high deductible

This April 30, 2013 file photo shows the short form for the new federal Affordable Care Act application in Washington. Getting covered through President Barack Obama’s health care law might feel like a combination of doing your taxes and making a big purchase that requires some research. You’ll need accurate income information for your household, plus some understanding of how health insurance works, so you can get the financial assistance you qualify for and pick a health plan that’s right for your needs. (AP Photo/J. David Ake) by Ricardo Alonso-ZaldivarAssociated Press Writer WASHINGTON (AP) — You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

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National

Mo. State Fair bans rodeo clown who mocked Obama [VIDEO]

This photo provided by Jameson Hsieh shows a clown wearing a mask intended to look like President Obama at the Missouri State Fair. The announcer asked the crowd if anyone wanted to see “Obama run down by a bull,” according to a spectator. “So then everybody screamed. … They just went wild,” said Perry Beam, who attended the rodeo at the State Fair in Sedalia on Saturday Aug. 10, 2013. (AP Photo/Jameson Hsieh) by David LiebAssociated Press Writer JEFFERSON CITY, Mo. (AP) — The Missouri State Fair on Monday imposed a lifetime ban on a rodeo clown whose depiction of President Barack Obama getting charged by a bull was widely criticized by Democratic and Republican officials alike.

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National

Autos troubles, race at root of Detroit collapse

In this Aug. 18, 2009, aerial photo is downtown Pittsburgh located at the confluence of the Allegheny, Monongahela and Ohio rivers on the north side of Pittsburgh. (AP Photo/Gene J. Puskar) Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true. It came true in cities across the industrial heartland, from Chicago’s meatpacking plants to the fire-belching steel mills of Cleveland and Pittsburgh. It came true for decades, as manufacturing brought prosperity to big cities in states around the Great Lakes and those who called them home. Detroit was the affluent capital, a city with its own emblematic musical sound and a storied union movement that drew Democratic presidential candidates to Cadillac Square every four years to kick off their campaigns at Labor Day rallies.

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People

Lauryn Hill starts prison sentence for taxes

An April 22, 2013, file photo shows singer Lauryn Hill walking from federal court in Newark, N.J. Hill has started serving a three-month prison sentence in Connecticut for failing to pay about $1 million in taxes over the past decade. (AP Photo/Mel Evans, file) DANBURY, Conn. (AP) — Grammy-winning singer Lauryn Hill began serving a three-month prison sentence in Connecticut on Monday for failing to pay about $1 million in taxes over the past decade.

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Business

Same-sex ruling has employers tweaking benefits

Demonstrators hold flags and chant in front of the Supreme Court in Washington on the second day of gay marriage cases before the court. (AP Photo/Jose Luis Magana, File) by Sam Hananel Associated Press Writer WASHINGTON (AP) — The Supreme Court’s landmark ruling on same-sex marriage has private employers around the country scrambling to make sure their employee benefit plans comply with the law.