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Office of Senator Gary Dahms. On Thursday, February 27, Governor Tim Walz announced a proposal to increase the Insurance Premium Tax, currently set at 0.6%, by adding an "assessment" to cover the funding gap between what insurance companies pay and what the federal government provides for Minnesota's reinsurance program. "When you look at the big picture on what is…
Image shows a surprised woman and a Social Security card
Experts are curious on whether major staffing reductions to the Social Security Administration will hurt beneficiaries.

Plans to slash the Social Security Administration workforce from 57,000 to 50,000 might not directly involve benefits, but many stakeholders are nervous nonetheless.

The business case of generative AI for the financial services profession is helping advisors speed up their processes to allow them to serve more clients with the same 24 hours in a day.

President Trump in his address to Congress on Tuesday revived a campaign pitch to create a tax deduction for interest payments on car loans, amid a broader push for sweeping tax cuts. Mr. Trump pitched the tax deduction for car loan interest during a few campaign stops last year— including one in Detroit, where many automakers are headquartered— but he has not…

While Washington maintains that the U.S. economy is well-positioned to withstand a trade war-given that exports account for just 11% of GDP-the same may not hold true for its stock market. This Report was prepared by National Bank Financial, Inc.,, an indirect wholly owned subsidiary of National Bank of Canada. National Bank of Canada is a public company listed…

In Washington, D.C., the People’ s Action Institute led protests Wednesday outside the headquarters of Blackstone, UnitedHealth and American Gas Association. All three stand to benefit from the GOP budget framework passed Tuesday, which would shower tax cuts on the wealthy while slashing essential services like Medicaid. Protester:“ Use our taxpayer dollars…

Under the House Ways and Means proposal, those on the health plan will see their health insurance rates go up by $36.76 a month, or roughly $441 a year. The House budget proposal includes a roughly $200 million tax cut by reducing the highest income tax rate from 6.2% to 6%, reducing how much money lawmakers would have to spend. Gilda Cobb-Hunter, D- Orangeburg, a…