INSURASALES

Tag: Tax Policy

New Bill Proposes Tax Deduction for Flood Insurance Premiums in Florida

The Flood Insurance Relief Act aims to provide tax deductions on flood insurance premiums for middle-income homeowners in Florida, addressing low coverage rates and rising costs in flood-prone areas.

Rhode Island Faces Medicaid, SNAP, and Education Cuts Amid Federal Tax Policy Changes

Federal legislation extending tax breaks for the wealthy leads to significant Medicaid, SNAP, and education funding cuts in Rhode Island, prompting calls for state-level tax reforms and strategic responses.

Timeline for Key Insurance and Social Program Changes in 2025-2028 Budget

Explore the timeline for significant tax breaks starting in 2025 and social program cuts beginning in 2028 under the new GOP-led federal budget, with implications for insurance and social welfare policy.

Senate Advances $4.5 Trillion Tax Cut Bill Amid Republican Negotiations

U.S. Senate moves forward on $4.5 trillion tax cut bill with focus on Medicaid changes and budget reconciliation amid GOP negotiations.

Florida's 2025 Legislative Session Falls Short on Homeowners' Insurance Affordability

Florida's 2025 legislative session ended with budget agreements but without meaningful reforms to tackle rising homeowners insurance premiums and housing affordability challenges.

Senate Bill Tightens Medicaid Funding, Alters Health Care and Tax Policies

The Senate Finance Committee's health care and tax bill proposes stricter Medicaid funding limits, altered Medicare and tax policies, with key effects for expansion versus non-expansion states.

House Budget Proposal Threatens New York Healthcare, Energy, and Tax Systems

The House reconciliation budget bill risks $13.5B in healthcare cuts, $25B in clean energy investment losses, major SNAP reductions, and maintains the SALT cap, raising concerns for New York's insurance and economic landscape.

Rising Tax on Private Foundations Accelerates Growth of Donor-Advised Funds

New U.S. tax proposals on private foundations are driving wealthy donors toward donor-advised funds, reshaping philanthropic giving patterns and tax strategies.

Poll Reveals Voter Support for Tax Restraint and Medicaid Reforms in Key GOP Districts

Poll in key GOP districts shows strong voter support for stopping tax increases, Medicaid reforms including work requirements, and adjusting state contributions to Medicaid funding.

Analysis: IRS Findings Show Impact of GOP Tax and Healthcare Cuts on Working Class

The Republican reconciliation bill offers large tax cuts for the wealthy but reduces healthcare subsidies and social safety net programs, negatively affecting middle- and lower-income Americans and increasing the uninsured population.