Gimpy wrote:I think the current limit is actually 1.1. So it’s a small reduction

slugsrbad wrote:Toomey had an amendment to the Tax Bill tacked on that taxes Endowments to Universities, only exception is Hillside College which the DeVos family has contributed to heavily

Section 13701 of the Senate tax bill (at pages 288 to 292), imposes a 1.4-percent excise tax on the yearly earnings of large private college endowments. An amendment by Sen. Toomey and Sen. Ted Cruz of Texas applied the tax only to schools that have more than 500 students and an endowment worth at least $500,000 per student, and which take federal money.

pacino wrote:Back in October word came that CVS was looking to absorb Aetna into its vast network. Now, they're going to do it. $69 billion dollars.

we need some trust busters; this isn't going to go well. CVS will now supply and approve the medicine for 22 million people and also administer the healthcare.

Soren wrote:

pacino wrote:Back in October word came that CVS was looking to absorb Aetna into its vast network. Now, they're going to do it. $69 billion dollars.

we need some trust busters; this isn't going to go well. CVS will now supply and approve the medicine for 22 million people and also administer the healthcare.

CVS already does shady #$!&@. They refilled one of my prescriptions for over a year. It was supposed to be a 90 day supply.

pacino wrote:

Soren wrote:

pacino wrote:Back in October word came that CVS was looking to absorb Aetna into its vast network. Now, they're going to do it. $69 billion dollars.

we need some trust busters; this isn't going to go well. CVS will now supply and approve the medicine for 22 million people and also administer the healthcare.

CVS already does shady #$!&@. They refilled one of my prescriptions for over a year. It was supposed to be a 90 day supply.

yes, they'll just auto refill over and over. I constantly have to get them to undo that.

there was an old independent pharmacy two blocks from my house but he retired about 2-3 years ago and sold to CVS

pacino wrote:

Soren wrote:

pacino wrote:Back in October word came that CVS was looking to absorb Aetna into its vast network. Now, they're going to do it. $69 billion dollars.

we need some trust busters; this isn't going to go well. CVS will now supply and approve the medicine for 22 million people and also administer the healthcare.

CVS already does shady #$!&@. They refilled one of my prescriptions for over a year. It was supposed to be a 90 day supply.

yes, they'll just auto refill over and over. I constantly have to get them to undo that.

there was an old independent pharmacy two blocks from my house but he retired about 2-3 years ago and sold to CVS

JFLNYC wrote:

Gimpy wrote:I think the current limit is actually 1.1. So it’s a small reduction

I’m pretty certain it’s $1MM based on my experience.

RichmondPhilsFan wrote:

pacino wrote:

Soren wrote:

pacino wrote:Back in October word came that CVS was looking to absorb Aetna into its vast network. Now, they're going to do it. $69 billion dollars.

we need some trust busters; this isn't going to go well. CVS will now supply and approve the medicine for 22 million people and also administer the healthcare.

CVS already does shady #$!&@. They refilled one of my prescriptions for over a year. It was supposed to be a 90 day supply.

yes, they'll just auto refill over and over. I constantly have to get them to undo that.

there was an old independent pharmacy two blocks from my house but he retired about 2-3 years ago and sold to CVS

What does it matter if you never pick it up? It's annoying, but it's not as if it costs you money or impacts your insurance coverage.

JFLNYC wrote:

PhillieMooDo wrote:

traderdave wrote:

PhillieMooDo wrote:Pals, are the mortgage interest and student loan interest right offs really getting killed?

Yes and no. As I understand it, the mortgage interest deduction will be limited to the first $500,000 of any new purchases and, unfortunately for most of us here, the mortgage interest deduction on our second homes is fully eliminated. Oh you don't have a second home? Yeah, me neither. I'm barely holding onto my first home, at this point.

So...if a home is purchased for less than $500,000, one can still deduct the interest?

It means mortgage interest on a mortgage up to $500K so, for example, if your mortgage were $525K you can still deduct the interest due on up to $500K of the mortgage. If your mortgage is less than $500K, you can deduct it all. Also, it only would apply to new mortgages, not existing ones.

Importantly, the Senate bill keeps the limit at up to a $1MM mortgage. The National Association of Realtors and other housing industry groups are lobbying hard and may be able to block any reduction below $1MM in conference (which, btw, is the current limit).

If you're considering buying a home I would most definitely wait until after the bill is signed into law (or not). The (relatively) good news is, assuming it becomes law, home prices may drop and may drop significantly, so it's worth waiting if you can IMO.

JFLNYC wrote:If your mortgage is less than $500K, you can deduct it all.

Werthless wrote:

slugsrbad wrote:Toomey had an amendment to the Tax Bill tacked on that taxes Endowments to Universities, only exception is Hillside College which the DeVos family has contributed to heavily

It's not as bad as it seems, apparently. I'm happy to be corrected, but the tax break is related to whether the university accepts federal money. Seems reasonable to me. Most schools take federal money, and the ones that don't have small endowments anyway. They removed it from the bill, but it would have had zero effect on tax revenue.

Section 13701 of the Senate tax bill (at pages 288 to 292), imposes a 1.4-percent excise tax on the yearly earnings of large private college endowments. An amendment by Sen. Toomey and Sen. Ted Cruz of Texas applied the tax only to schools that have more than 500 students and an endowment worth at least $500,000 per student, and which take federal money.

Link, with a link to the Senate bill in it.

MEXICO CITY — Hondurans marched in protest Sunday, demanding an impartial count of the results of last week’s presidential election and chanting their opposition to President Juan Orlando Hernández’s bid for a second term.

Huge demonstrations in the capital, Tegucigalpa, and the country’s industrial hub, San Pedro Sula, snaked through the streets with an almost festive air as marchers waved the red flags of the main opposition party, which has denounced what it calls fraud in the vote tally.

Despite the relative calm in big cities, a political crisis has engulfed the country over the contested vote tally by the Honduran electoral commission.

After partial results the night of the election gave the main opposition candidate, Salvador Nasralla, a lead of five points, the commission suspended the count for a day and a half. When it resumed, Mr. Hernández was reported to have steadily gained on Mr. Nasralla and then took a small lead, with almost 95 percent of the polling places counted.

Pressure from international election monitors sent by the European Union and the Organization of American States persuaded the commission, which is controlled by allies of Mr. Hernández, not to announce him as the winner on Thursday.

Some Hondurans argue that the only route out of the crisis is for the commission to do a recount at every polling place with international supervision and with the participation of all the political parties.

“That is the only thing that will give a minimum of credibility to the results,” said the Rev. Ismael Moreno, a prominent Jesuit priest and human rights activist. “If not,” he said, there could be a “convulsion that nobody will be able to control.”

As the crackdown by security forces has escalated, Hondurans have been sharing videos of people hit by gunfire as they protested and of security forces beating people under arrest. On WhatsApp, they watched Kimberly Fonseca, a 19-year-old student from a poor neighborhood of Tegucigalpa, as she lay dying after the military police shot at protesters on Friday night.

Trump now has to decide whether to impose these sanctions, which many fear could force Samsung to scrap plans to proceed with its forthcoming Newberry, South Carolina plant on track to employ more than 1,000 workers.

Siding with Whirlpool would be in keeping with the president’s promises to promote American manufacturing at all costs, particularly in the midst of his administration’s negotiations of possible revisions to the North America Free Trade Agreement.

Siding with Samsung, however, would send a strong message that he supports foreign companies making investments in the United States to boost jobs and build local economies.

How Trump responds could ultimately be a case study not only in his approach to trade policy, but as a test of his loyalty to his friends and allies.

“In February, you encouraged Samsung to build a home appliance factory in the United States, tweeting: ‘Thank you, Samsung! We would love to have you!’” McMaster wrote. “Your team then worked with Samsung in the subsequent months. In June, I stood with (Commerce Secretary Wilbur) Ross at our Washington press conference as Samsung committed to moving operations from Southeast Asia and building a $400 million plant with 1,000 employees in Newberry.”