The economics and politics of stimulus, taxes everywhere, the tech wars, the deficit, South Sudan, and more.
Category: Stimulus
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House Approves $2.2 Trillion Coronavirus Relief Bill
The Democrat-controlled House passed the measure without any GOP votes ahead of representatives’ last day in Washington on Friday.
The Capital Note: SPACs & Stimulus
On the menu today: a SPAC ETF, Congress debates another round of stimulus, and Donald Kendall, R.I.P.
Uber and Lyft boost lobbying power as they threaten to pull out of California
(Mario Tama/Getty Images) A divisive California law that could upend the business models of apps that rely on gig workers
Senate Adjourns Through Labor Day Without Reaching Coronavirus Relief Deal
Mitch McConnell said that if an agreement is reached while the Senate is adjourned, they will come back to vote
The Capital Note: Kodak’s Slide & Adam Smith’s Kidnapping
Higher home ownership rates, unpacking Kodak’s mismanagement of government funds, and the (likely apocryphal) kidnapping of Adam Smith.
Schumer Pushes Tax Cut for High Earners as Part of COVID Relief Bill
Most Republicans oppose repealing the cap, saying that a repeal would primarily benefit high-income people in coastal states.
Political donors whose businesses got PPP loans injected $52 million into 2020 election
(Igor Golovniov/SOPA Images/LightRocket via Getty Images) Government rescue loans meant for struggling small businesses went to a number of well-connected
Government Watchdog Finds Over 1 Million Coronavirus Checks Sent to Dead People
The IRS and the Treasury department did not use death records in the first three sets of payments — 72
House Democrats’ relief package would give Washington lobbying giants access to small business aid
(Drew Angerer/Getty Images) House Democrats’ newest coronavirus relief proposal would allow influential Washington lobbying groups — funded by deep-pocketed corporations
Congress invested in real estate, then it gave tax breaks to real estate investors
(FREDERIC J. BROWN/AFP via Getty Images) The story is part of a series about lawmakers’ personal financial disclosures. OpenSecrets recently
Airlines secure billions in government aid after spending millions on lobbying
(Spencer Platt/Getty Images) The Treasury Department has finalized terms to send billions in grants to major airlines hammered by the
Coronavirus drives barrage of new lobbying activity
(ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Washington lobbying firms are finding new clients as businesses affected by the coronavirus pandemic race
To Help the Economy, Stop the Epidemic’s Spread
Quick cash payments may prove both easier to administer and more effective than sick leave. Meanwhile, the Fed should ease