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Personal Finance

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Being in debt can affect every corner of your life, like your relationships and career decisions. It can cause stress, leading to physical symptoms including insomnia and stomach aches. Debt can also bring up negative emotions like guilt, anger, shame and a sense of hopelessness. But you don’t have to suffer in silence. Taking care of yourself while getting emotional support from people you trust is crucial while you review your finances and set money goals. This can help you regain a sense of control as you pay down your balances.

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Both Gov. Gretchen Whitmer and the Republican-led Legislature are proposing new plans to cut taxes but remain at odds over the scope and immediacy of any relief. The Democratic governor called for a one-time $500 rebate for “working families,” adding to her earlier proposals to gradually repeal a tax on retirement income and fully restore a credit for lower-wage earners. Republican lawmakers quickly passed sweeping legislation Thursday that would permanently reduce the state income tax and include other tax cuts. Whitmer is likely to veto it, contending it is fiscally irresponsible.

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Red state officials are coming out swinging against growing Wall Street efforts to consider environmental risk in investment decisions. Their target is “ESG,” which stands for environmental, social and governance. The principles call on investors to consider factors other than traditional financial metrics in their decisions. The acronym has become the latest culture war fodder in conservative media and in state government this year. The movement against green investing indicates how the GOP has become more willing to damage its relationship with big business to fight ideological foes. Opposition has been particularly strong in red states where fossil fuels make up a large part of the economy.

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