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What is a debt consolidation loan — and can it help you lower your interest rate?

时间:2010-12-5 17:23:32  作者:Markets   来源:Climate  查看:  评论:0
内容摘要:The risk of severe storms moves into Alabama, Mississippi and Tennessee on Tuesday, the weather service said.

The risk of severe storms moves into Alabama, Mississippi and Tennessee on Tuesday, the weather service said.

Democrats say they will fight what House party leader Hakeem Jeffries calls “this extreme and toxic bill.”Here’s a look at what’s in and out of the legislative package so far:

What is a debt consolidation loan — and can it help you lower your interest rate?

The tax portion of the GOP legislation contains more than $5 trillion in tax cuts, according to an estimate from the Joint Committee on Taxation — costs that are partially offset by spending cuts elsewhere and other changes in the tax code.Republicans look to make permanent the individual income tax cuts passed in President Donald Trump’s first term, plus enact some of the promises he made on the campaign trail to not tax tips, overtime and interest on auto loans. Republicans partially offset the tax breaks by rolling back the clean energy tax credits passed during Joe Biden’s presidency, such as a $7,500 tax credit for electric vehicles, bringing the overall cost of the tax cuts down to about $3.7 trillion.The bill is expected to undergo further changes in the coming weeks. Lawmakers from New York are leading an effort to boost the state and local tax deduction, which the bill would already increase from $10,000 to $30,000 for families making less than $400,000 per year.

What is a debt consolidation loan — and can it help you lower your interest rate?

The legislation provides a deduction for those workers in service industry and other jobs that have traditionally relied on tips.The package provides tax relief for automobile shoppers with a temporary deduction of up to $10,000 on car loan interest, applying the benefit only for those vehicles where the final assembly occurred in the United States. The tax break would expire at the end of Trump’s term.

What is a debt consolidation loan — and can it help you lower your interest rate?

For seniors, there would be a bolstered $4,000 deduction on Social Security wages for those with adjusted incomes no higher than $75,000 for individuals and $150,000 for couples.

House Republicans are looking to shift some of the cost of the Supplemental Nutrition and Assistance Program, known as SNAP, to the states. States would shoulder 5% of benefit costs under the bill beginning in fiscal year 2028. The share could also go higher for those states with high rates of overpayments and underpayments. The bill would also require states to pick up 75% of the administrative costs.Ava Sender Logan shows the cheese roll after winning the women’s downhill race category of the traditional annual Cheese Rolling contest at Cooper’s Hill in Brockworth, Gloucestershire, England, Monday, May 26, 2025. (AP Photo/Anthony Upton)

Ava Sender Logan shows the cheese roll after winning the women’s downhill race category of the traditional annual Cheese Rolling contest at Cooper’s Hill in Brockworth, Gloucestershire, England, Monday, May 26, 2025. (AP Photo/Anthony Upton)This is a photo gallery curated by AP photo editors.

LOS ANGELES (AP) — Arianna Buturovic kept a wary eye on distant smoke from the rescue shelter she runs outside Los Angeles for dogs at risk of being euthanized. Within hours, nearby mountainsand fire began encircling her.

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