Financial related news.
WASHINGTON — Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco. The subsidy for homeowners comes in the form of a deduction from their taxes for the interest they [...]
WASHINGTON (AP) — President Donald Trump and his Republican partners in a nearly $6 trillion tax-cutting plan insist it would benefit middle-class Americans and not the wealthy. But a key provision would slash tax rates for a special kind of business set up by owners of profitable firms, including Trump and his family. The GOP [...]
WORMLEYSBURG, Pa. — The idea of cutting taxes for corporations is something Americans have long felt was a bad idea. That’s what they’ve told pollsters, anyway. Yet President Donald Trump and his allies are betting that many voters just need someone to explain to them how a corporate tax cut would unleash an economic bonanza, [...]
PHILADELPHIA (AP) — Like most parents trying to make ends meet, Vivian Shine-King needs to get creative sometimes. When she has to take her four children to doctor’s appointments, for instance, she’ll make sure multiple kids are booked at the same clinic around the same time, helping her to save on gas and parking. But [...]
AKRON, Ohio (AP) — Skribblez the panhandling clown buried his nickels and dimes in Mason jars. When he saved enough to buy a house, he dug them up. Now, they call him the Homeless Homeowner. But his real name is Ryan Scanlon, a father and college student with a troubled childhood, debilitating seizures, no respect [...]
NEW YORK (AP) — An automated teller machine. The cash machine. In Britain, a cashpoint. ATMs, known for spitting out $20 bills (and imposing fees if you pick the wrong one), turn 50 years old this year. They’re ubiquitous — and possibly still a necessity, despite the big changes in how people pay for things. [...]
In a new survey, retirees are voicing their concerns over quality of life in retirement. According to the Nationwide Retirement Institute survey, only 21 percent of future retirees say life in retirement will be better, and 28 percent of recent retirees say life is worse in retirement. Retirees cited income and cost of living as [...]
ATLANTA — A summer of natural catastrophes, from epic hurricanes to scorching wildfires, has exposed another peril in disaster-prone states: how to pay for the rescues, repairs and rebuilding. The combined tab from Hurricanes Harvey and Irma is expected to hit $200 billion or more. While the federal government is expected to pay most of [...]
JERUSALEM — Israeli banks are contributing to the proliferation of West Bank settlements by providing loans and mortgages for construction there, violating their human rights obligations, Human Rights Watch said in a report. The report said that Israeli law does not require banks to provide such services to the settlements, and urged them to distance [...]
WASHINGTON — Florida’s economy has long thrived on one import above all: People. Until Irma struck this month, the state was adding nearly 1,000 residents a day — 333,471 in the past year, akin to absorbing a city the size of St. Louis or Pittsburgh. Every jobseeker, retiree or new birth, along with billions spent [...]