What's in the $1.7T Omnibus Bill ?

[Babagounj]

Included in the provisions are myriad changes, such as increasing the age for required minimum distributions (RMDs) to 75, allowing student loan payments to be treated as retirement plan contributions for the purpose of company matches, withdrawals for emergency expenses, automatic enrollment in retirement plans, and the creation of a retirement savings lost and found.

Trump moved it from age 70 to 72, it must have been a good idea for the dems to again bump it to 75.

 

[IVE GOTTA PACKAGE 4U]

Included in the provisions are myriad changes, such as increasing the age for required minimum distributions (RMDs) to 75, allowing student loan payments to be treated as retirement plan contributions for the purpose of company matches, withdrawals for emergency expenses, automatic enrollment in retirement plans, and the creation of a retirement savings lost and found.

Trump moved it from age 70 to 72, it must have been a good idea for the dems to again bump it to 75.

The reason of the age 75 hoping you guys shortly afterwards
That way whoever inherits it will probably be in a higher tax bracket and has to use it all up within 10 years

 

[Babagounj]

The reason of the age 75 hoping you guys shortly afterwards
That way whoever inherits it will probably be in a higher tax bracket and has to use it all up within 10 years

Your missing a word(s) between guys & shortly.
I have some suggestions-

decease, perish, go, exit, pass away, expire, pass, kick the bucket, cash in one's chips, buy the farm, conk, give-up the ghost, drop dead, pop off, choke, croak, snuff it, fail, go bad, give way, give out, conk out, break, break down, die out, pall, become flat, ache, change, change state, cut out, disappear, endure, experience, feel, go away,...

 

[Babagounj]

The reason of the age 75 hoping you guys shortly afterwards
That way whoever inherits it will probably be in a higher tax bracket and has to use it all up within 10 years

That's ok.
I'm leaving my funds to my poorest relative.

 

[Wally]

So once again student borrowers are getting government free stuff other borrowers are not.

 

[IVE GOTTA PACKAGE 4U]

That's ok.
I'm leaving my funds to my poorest relative.

Uncle Baba!!

 

[Wally]

That's ok.
I'm leaving my funds to my poorest relative.

Inherited money is so great! I recommend it to everyone.

 

[oldngray]

Inherited money is so great! I recommend it to everyone.

Making money the old fashioned way

 

[Wally]

Making money the old fashioned way

Lol, Nothing like in the movies. You get a scary letter from some lawyer.

 

[bottomups]

So once again student borrowers are getting government free stuff other borrowers are not.

PPP.

 

[bottomups]

Lol, Nothing like in the movies. You get a scary letter from some lawyer.

I recently inherited well. No lawyer involved.

 

[Babagounj]

I recently inherited well. No lawyer involved.

But if the body is ever found, you could have some explaining to do.

 

[Babagounj]

The cannabis banking measure known as the SAFE Banking Act was left out.
The bill aims to protect financial institutions that work with the marijuana industry.
Cannabis stocks ended sharply lower Monday on reports the measure would not be included and also declined Tuesday.

Child Tax Credit: Efforts to increase the Child Tax Credit aren’t included.

Business tax “extenders”: Companies lobbied Congress to bring back immediate tax deductions for research-and-development costs — but did not get them.

 

[Babagounj]

Addressing the debt limit: Congress had a chance to raise the U.S. debt limit in this bill, but did not. Chris Krueger of Cowen Washington Research Group called this “not a surprise & sets up probably the biggest fight within a divided government next summer/fall.”

Credit card interchange routing rules: Supporters of a move aimed at creating more competition in the credit-card business didn’t get this provision.

 

[Babagounj]

Electoral Count Act: The measure updates the 1887 Electoral Count Act, in an effort to prevent another Jan. 6 insurrection.
The update makes it harder to block the certification of a presidential election.

Ukraine aid: Lawmakers will vote on giving Ukraine an extra $44.9 billion to aid it in its defense against the Russian invasion.

{ An amount like that would really help shore up the declining Social Security Fund , projected to go empty in 2034. }

 

[Jiangshi]

An amount like that would really help shore up the declining Social Security Fund , projected to go empty in 2034

It's 23037, actually. You know what else would really help? Raising the maximum taxed income.

 

[Babagounj]

It's 23037, actually. You know what else would really help? Raising the maximum taxed income.

2037 was an old estimate.
2034 is the new adjusted date.

 

[PT Stewie]

Pork,Pork and more Pork
One earmark included in the spending bill asks for $3.6 million for a project called "Michelle Obama Trail – PATH Trail Project" in Georgia.
About $3 million goes toward the Pollinator-Friendly Practices on Roadsides and Highway Rights-of-Way Program

One provision in the bill states that "not less than" $575 million "should be made available for family planning/reproductive health, including in areas where population growth threatens biodiversity or endangered species."

In another section, the behemoth bill requires $410 million to "remain available" to reimburse Jordan, Lebanon, Egypt, Tunisia and Oman for "enhanced border security." At least $150 million of that must go to Jordan, according to the bill.

 

[Babagounj]

Pork,Pork and more Pork
One earmark included in the spending bill asks for $3.6 million for a project called "Michelle Obama Trail – PATH Trail Project" in Georgia.
About $3 million goes toward the Pollinator-Friendly Practices on Roadsides and Highway Rights-of-Way Program

One provision in the bill states that "not less than" $575 million "should be made available for family planning/reproductive health, including in areas where population growth threatens biodiversity or endangered species."

In another section, the behemoth bill requires $410 million to "remain available" to reimburse Jordan, Lebanon, Egypt, Tunisia and Oman for "enhanced border security." At least $150 million of that must go to Jordan, according to the bill.

Will we ever see that former first lady walk the whole trail ?

 

[Babagounj]

One interesting thing in this bill, General Sherman will be promoted to the rank of General of the armies of the US.

As a result, with that honor, he will stand only with George Washington and WW I general John J. Pershing.