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California will consider coronavirus assistance, a tax voucher

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California will consider coronavirus assistance, a tax voucher

Two unprecedented proposals to help Californians overcome the fiscal storm released by the coronavirus crisis are expected to be announced Tuesday by Democrats in the state Senate – one to help troubled tenants, the other to create a $ 25 billion economic recovery fund by issuing long-term $ 25 billion by issuing long-term vouchers for those who are willing to pay their future state income tax.

Together, these ideas suggest MPs are willing to launch trials that have never been tried to avoid unpaid debts and deep cuts to government services resulting from the Great Recession more than a decade ago.

“We need short-term assistance,” Senate President Pro Tem Toni Atkins (D-San Diego) said in an interview with The Times on Monday. “But we need to think long term about how to do this in a very strategic way.”

The proposal is scheduled to be officially formalized Tuesday morning in Sacramento, two days before Governor Gavin Newsom sent lawmakers a plan to erase short-term budget deficits that could reach more than $ 54 billion.

Neither the tenant assistance program nor the economic recovery fund will have a direct impact on the state budget in the coming weeks and months. However, lawmakers believe the two ideas could boost California’s devastated economy.

Unconventional efforts to help tenants will ask landlords to forgive lease payments in return for tax credits of the same size that are spread over a 10-year period starting in 2024. Tax credits will be transferable, meaning property owners can sell them to outside investors and get cash immediately .

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“This is a substantive proposal that protects those who struggle to pay their rent and also protects rental property from confiscation,” said Senator Steven Bradford (D-Gardena). “This fair strategy will make people stay.”

Some local governments have stepped in to address concerns about tenants being evicted during the public health crisis, promoting various rental assistance programs. Legislation is pending in the Capitol building too attempt to prevent eviction during a coronavirus emergency, which was declared by Newsom in March and did not have a targeted end date.

The exact number of problematic tenants is unclear. By 2018, there were 17 million tenants in California, and more than half were rented.

Under the Senate proposal, the tenant will agree to return the state money for lease payments and will have 10 years to do it. Some people who can prove financial difficulties can get the total amount forgiven – as a result, their rent will be borne by the state.

The idea will depend on the willingness of the rental property owners to work together, and whether they see a long-term tax relief equal to the loss of short-term rental income. Atkins said he was optimistic, arguing that landlords benefit by keeping their property occupied.

“When you have to find a new tenant, it’s not an easy process,” he said.

The economic stabilization plan made by the Senate Democrats in response to the COVID-19 pandemic is even more ambitious. This will offer California taxpayers, from individuals to large corporations, the opportunity to pay income tax for a decade at a low discount. In total, the state will offer $ 30 billion in long-term tax credits of $ 25 billion in cash.

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In essence, this will be an advance from long-term state tax revenues, using the money to fund short-term economic assistance programs, which can include small business assistance and assistance to local governments.

“This is truly the 21st Century New Testament,” said Sen. Bob Hertzberg (D-Van Nuys). “We have to get money into the system.”

Taxpayers can use vouchers to cover tax owed in the coming years or sell them faster to investors. That could make valuable documents for various investors, said John C. Carson Jr., president of Raymond James Financial.

“If the state issues such security that can be bought and sold in the secondary market, we hope that there will be strong interest from other institutions and investors,” he said in a statement.

By accelerating the collection of tax revenue that should have been paid more slowly, this program means less government cash to be spent by MPs in the future. Senate budget staff estimates a decrease in available income of $ 3 billion per year from 2024 to 2033.

They do not believe this program will affect constitutionally guaranteed tax money for public schools, because vouchers will be counted as part of annual tax revenue when cashed. However, such calculations can, however, direct a larger amount of actual tax revenue towards schools in those years and away from other programs.

Other key questions need to be addressed. It is likely to be easier to create a $ 25 billion economic recovery fund – estimated to be collected over two years – than to determine which of the country’s many needs must get help and which will be abandoned. A document provided to The Times by the Democratic Senate offered a series of initial suggestions, including retraining workers, accelerated infrastructure projects, forest fire prevention, and homeless help.

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Atkins insisted his priorities would be clear. “It must be linked to the economy and critical needs,” he said.

It is also unknown how the two aid proposals will be screened either with Newsom or in the state Assembly. To have a direct effect, both must be considered together with a budget deficit plan which must be approved by the Legislature no later than 15 June. Democrats hold supremacy of seats in both houses and, in theory, approve both plans without a Republican vote.

For legislators who are in office during the last recession or whose services began shortly thereafter, the idea of ​​thinking outside the world of conventional government may have special appeal.

“You have to think differently,” Atkins said. “You have to rethink, reshape and want to adjust and consider new choices, because the world is different. The world has turned upside down. “

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Portuguese TV project ‘O Último Lobo’ wins 2 awards in Spain

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Portuguese TV project 'O Último Lobo' wins 2 awards in Spain

“BUT SPi introduced [na Conecta, que decorreu entre terça-feira e hoje em Toledo,] two of his upcoming art projects, “Code 632” and “O Último Lobo”, the latter of which is one of the finalists of the “pitching” session and received the RTVE award, the event’s highest award, which means an agreement between the Spanish public broadcaster RTVE and the ACORDE award” , the Portuguese producer said in a statement released today.

The Last Lobo, an eight-episode co-production between SPi and Caracol Studios and written by Bruno Gascon, is “a crime drama that tells the story of Lobo, one of Europe’s biggest drug dealers.”

“Code 632”, a co-production of RTP and Globoplay, is a six-episode series based on the book “O Code 632” by José Rodrigues dos Santos.

Recording for this series will begin in July and will be split between Lisbon and Rio de Janeiro. According to RTP, in a statement released this week, the book adaptation for the series is being handled by Pedro López and directed by Sergio Graciano.

“Based on authentic historical documents, Codex 632 focuses on a cryptic message found among the papers the old historian left behind in Rio de Janeiro before he died,” recalls RTP.

The cast included Portuguese and Brazilian actors and starred Paulo Pires and Deborah Secco.

SPi, part of the SP Televisão group, produced the Netflix series Gloria and co-produced Auga Seca for HBO Portugal, among others.

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Portuguese rider Miguel Oliveira in 16th place after the first free practice in Assen – DNOTICIAS.PT

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Portuguese rider Miguel Oliveira in 16th place after the first free practice in Assen – DNOTICIAS.PT

Portuguese rider Miguel Oliveira (KTM) finished the first two free practices of the MotoGP Grand Prix in Assen in 16th place.

Oliveira finished the day with a time of 1.34.676 minutes, 1.402 seconds behind the best rider of the day, Italy’s Francesco Banagia (Ducati). Spaniard Aleix Espargaro (April) was second with 0.178 seconds and French champion Fabio Quartararo (Yamaha) was third with 0.305 seconds.

After the first session in the rain, in which the rider from Almada was sixth fastest, the rain stopped before the start of the second session.

The riders started with intermediate tires, but as the track in Assen in the Netherlands, considered the “cathedral” of motorsport, dried up, they installed dry tires (slicks).

Under these conditions, Miguel Oliveira was losing ground in the table, ending the day in 16th place, despite an improvement of about nine seconds from the morning’s record, in rain, in which Australian Jack Miller (Ducati) was the fastest. , fifth in the afternoon.

On Saturday there will be two more free practices and qualifications.

The 10 fastest in the set of the first three sessions go directly to the second stage of qualification (Q2), and the remaining 14 “brawl” in Q1, resulting in the two fastest qualifying to the next stage.

Fabio Quartararo enters this 11th round of the season leading the championship with 172 points, while Miguel Oliveira is in 10th place with 64 points.

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Portuguese MNEs defend that Mercosur is a “natural partner” of the European Union at the moment – Observer

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Portuguese MNEs defend that Mercosur is a "natural partner" of the European Union at the moment - Observer

This Thursday, Portugal’s foreign minister said that at a time when the European Union (EU) seeks to diversify suppliers and markets, MERCOSUR is a natural partner whose importance cannot be “underestimated”.

For Portugal, “the current delicate context makes us appreciate even more the mutual advantages of the Agreement between the EU and MERCOSUR,” João Gomes Cravinho said, without directly referring to the conflict between Russia and Ukraine.

“At a time when the EU is seeking to diversify suppliers and markets in order to ensure greater strategic autonomy, MERCOSUR is a natural partner, whose importance we cannot underestimate“, the minister added at a conference entitled “Brazil and Portugal: perspectives for the future”, which takes place from Thursday to Friday at the Gulbenkian Foundation in Lisbon.

The Southern Common Market (MERCOSUR) is a South American economic bloc created in 1991, whose founding members are Brazil, Argentina, Paraguay and Uruguay.

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But still, within the framework of the European Union, Joao Gomes Cravinho believed that EU strategic partnership with Brazil left ‘untapped’.

The Minister stressed that in the context of the EU, Portugal “always knew how to use its position in favor of strengthening relations with Brazil.”

Therefore, it was during the Portuguese presidency, in 2007, that a “strategic partnership with Brazil” was established, he stressed.

However, according to the head of Portuguese diplomacy, this is “a partnership that has clearly not been used for a variety of reasons and which still retains the ability to position Brazil as Europe’s great interlocutor for South America.”

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With regard to bilateral relations between the two countries, the minister emphasized that “in this context of global turmoil, the wisdom of the central characteristic common to the foreign policy of Brazil and Portugal, which is active participation in many multilateral structures, in recognition of the indispensability of multilateralism, international cooperation and global rules based order.

Portugal meets with Brazil in all areas of Portuguese foreign policy. We are Atlantic, we are Ibero-American and Portuguese-speaking,” he said.

In the Atlantic dimension, “Portugal and Brazil are united by an ocean, which we recognize as growing in importance in the context of new, complex and truly existential issues,” he said.

According to João Gomes Cravinho, “Some of these problems can be answered in the Atlantic Center, co-founded by Portugal and Brazil”, and “the other part of the huge ocean problems will be addressed in detail at the great Summit.” Oceans”, which will be held in Lisbon next week.

“In any of the areas, new prospects are opening up for Portuguese-Brazilian relations,” he stressed.

With regard to Ibero-America, the minister believes that Portugal and Brazil share “an enormous strategic space with the Castilian-speaking countries, where a joint Portuguese-Brazilian reflection is undoubtedly recommended on the potential to exploit opportunities and create synergies”.

“Value of CPLP [Comunidade de Países de Língua Portuguesa] is gaining more and more recognition at the international level – and the evidence of this is the growing number of states that become associate observers” of the organization, he believes.

“Because they want to engage with us and reinforce the value of the linguistic, cultural and historical ties that unify lusophony and create a unique dynamic for relationships with third parties,” he stressed.

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But even at this level, he argued that there was an urgent need to find a “convergence of visions and desires” that “allows us to enhance” our “separate realities.”

The minister also mentioned that “despite the break caused by the pandemic”, Portugal has a “real air bridge” with Brazil, consisting of more than 74 weekly TAP flights, which is a cause and effect of “a dynamic that is being updated and reinvented”. relations between the two countries.

This dynamic, according to Gomes Cravinho, is also reflected in economic and commercial relations.

Thus, “Brazil is the first Latin American export market for Portuguese merchandise and is already the fourth largest merchandise export destination (outside the EU).

“However, the conviction remains that the potential is far from being realized, and that nostalgia for the future entails a vision of a different profile of our exchanges, a technological, creative profile that corresponds to global geo-economic transformations,” he defended. .

At this stage, João Gomes Cravinho also underlined the potential of the port of Sines, “whose strategic importance, which has long been noted, takes on new importance in the troubled times that we are going through.”

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