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Why Your Tax Refund May Be Slower (or Never Arrive) This Year
A few weeks ago, the IRS said it expects to be unable to answer half of taxpayer calls this year, but that’s only the beginning of what promises to be a messy tax season. In an email obtained by ABC…
Obama to Propose Scaled-Back Tax Reform in State of the Union
President Obama will propose a scaled-back vision for tax reform and a new fee on the nation’s largest financial institutions in his State of the Union address Tuesday night, the White House said, in an effort to close loopholes for…
Dallas ‘dreamer’ to be guest of Michelle Obama at State of the Union
Dallas is the only home 21-year-old Ana Zamora has ever known. She moved from Mexico with her parents when she was just a year old. If not for President Barack Obama, they would all be at risk of deportation. She…
Samuelson: “Dynamic” deceptions
The dustup over “dynamic scoring” is a small indicator of the routine irrelevancy of Washington’s budget debate. Instead of facing the real issues — how much we should spend, on what, who should be taxed and how much — Republicans…
Bad news on health insurance
The Daily News editor never actually says it but I think this is an editorial in favor of a higher tax on those few people who can afford but do not buy health insurance in the United States (“Health care…
Key senator sees no ‘Chained CPI’ in Obama budget
WASHINGTON (Reuters) – Vermont Senator Bernie Sanders, the leader of the Democrats on the U.S. Senate Budget Committee, said on Friday he does not expect “Chained CPI” cost of living cuts for Social Security to be in President Barack Obama’s…
Caregiver Wage, Overtime Protections Struck Down
A federal judge has put a stop to a new rule requiring that in-home care workers assisting people with disabilities be paid minimum wage and overtime. U.S. District Judge Richard Leon said this week that the U.S. Department of Labor…
Get These 3 Variables Right and Retire Earlier
How do you know if you can retire? Despite all the attention given to your retirement “number”—your total savings—there are several other important variables that go into the retirement equation. If you want an accurate estimate for when you could…
Half of Americans Are Facing a Tough Retirement. Don’t Be One of Them.
One disturbing statistic revealed in the Federal Reserve’s “Report on the Economic Well-Being of U.S. Households” is that nearly half of Americans have not done much financial planning for their retirement. Specifically, 24% of respondents reported doing “very little” planning…
Easing the Looming Retirement Crisis: “Falling Short” Co-Author Offers His Insights
American workers today are living longer, which is certainly great news. But that longevity is adding to an already major income gap between what most retirees will need and what they are able to save. Bridging that income gap is at…