ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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The House of Representatives passed a sweeping, bipartisan tax bill Wednesday that would expand the child tax credit for American families. |
The bill, which heads now to the Senate, would adjust the maximum child tax credit, currently $2,000, to $2,100 in tax years 2024 and 2025, according to an analysis by the nonprofit Tax Foundation. And it would raise the portion of the credit that taxpayers may reap as a refund, currently $1,600, to $1,800 for tax year 2023, $1,900 for 2024 and $2,000 for 2025. Read the story here. |
Judge rejects Disney's DeSantis lawsuit |
A judge has dismissed Disney's First Amendment federal lawsuit against Gov. Ron DeSantis and others, a decision that could have big implications on corporate speech, Douglas Soule reports. |
DeSantis, aided by GOP lawmakers, had stripped Disney's control of a special taxing district and given it to himself. The company sued, saying the move was retribution for its public opposition to a state law, called "Don't Say Gay" by critics, which restricts classroom instruction on gender identity and sexual orientation. That punishment of its speech violated the First Amendment, Disney said. |
📰 More stories you shouldn't miss 📰 |
Finally: Thank you, Bailey Schulz, for passing us Today's Menu. |
Bailey reports that your Super Bowl spread could be more affordable this year. Prices for party favorites like chicken wings have dropped, thanks in part to easing supply chain disruptions. |
With grocery prices up roughly 20% from where they were three years ago, throwing a watch party may still feel expensive. But there are ways to cut costs. Read Bailey's story to find out which foods are more affordable this year, and which ones may be worth giving a pass. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | The House passed a massive bipartisan tax deal that includes an expansion for the child tax credit and the renewal of some business tax breaks. | | | |  | A judge has dismissed Disney's First Amendment federal lawsuit against Gov. Ron DeSantis and others. | | | | Black employees are nearly three times more likely to code-switch than white employees, according to a new poll. Here's why. | | | | Following Netflix and Disney's lead, Hulu notified subscribers that it plans to crack down on account sharing in March. | | | | If the Fed cuts rates, interest rates on your savings will drop quickly but not on your loans. Markets will likely be positive, but maybe not stellar. | | | | A bi-partisan bill being introduced Wednesday would provide up to $5,000 in a federal tax credit for family caregivers. | | | | Prices for certain Super Bowl watch party snacks have dropped thanks in part to easing supply chain disruptions. | | | | The Fed held its key interest rate steady for a fourth straight meeting amid slowing inflation. | | | | Student loan debt for more than a million college dropouts grew by nearly $1 billion in recent years, according to a new report. | | | | Tech CEOs Mark Zuckerberg, Evan Spiegel, Linda Yaccarino, Jason Citron and Shou Zi Chew grilled at Senate hearing on social media, child safety. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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