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Five Reasons to Hate the Tax Code as Is

President Donald Trump has proposed what he calls the biggest tax cut since Ronald Reagan. He also wants vast simplification so that Americans can fill out their taxes on a postcard return. Let’s hope that part of this reform package will be to defang the IRS, which treats Americans as if they are guilty until proven innocent and invades the basic privacy rights of citizens. Read Full Article »

Tax Cuts in Search of a Problem

AP Photo/Damian Dovarganes House Republicans finally rolled out their proposed tax plan on Thursday, after they spent the preceding couple of days hashing out, well, most of the details, from the sounds of it. Much of what the bill includes is exactly what you’d expect: Big cuts in the taxes paid by corporations and the wealthiest Americans, along with the elimination of tax breaks that mostly benefit people in the blue states and cities that conservatives don’t believe are real America. Read Full Article »

Here are the winners and losers in the GOP tax plan

Click to expand Replay Video SETTINGS OFF UP NEXT The winners and losers of the Republican tax proposal are beginning to emerge. Lawmakers released the Tax Cuts and Jobs Act on Thursday. The proposed legislation aims to simplify the tax code by slashing itemized deductions and cutting down the number of income tax brackets. Republicans are also seeking to cut the federal corporate tax rate to 20 percent from its current maximum level of 35 percent. “There will be winners and losers in tax reform, and as it stands now, I worry that the benefits that are claimed to go to middle income households won’t play out,” said Bill Hoagland, senior vice president at the Bipartisan Policy Center. Here’s how your tax picture may change if the legislation is adopted w...

Did the 49ers beat the Patriots at their own game?

Click to expand Replay Video SETTINGS OFF HD HQ SD LO UP NEXT Video by USA Today Sports The 49ers and Patriots on Monday swung the most significant midseason quarterback trade since the Bengals sent Carson Palmer to the Raiders in 2011 in exchange for a first- and second-round pick. Obviously the Niners hope this deal works out better for them than that one did for Oakland. At the very least they made a move far more shrewd and less based in desperation. In fact, given what the Patriots had hoped to get in exchange for Jimmy Garoppolo months ago, the 49ers played this about as well as they could have. Now they’re still loaded in the draft, and they have a young passer with experience that head coach Kyle Shanahan has admired for years. Let’s look at all the reasons why the trade happ...

Astros’ Verlander and Kate Upton are getting married this weekend

Kate Upton and Justin Verlander at the 2017 World Series © Ezra Shaw/Getty Images The only thing better than winning the World Series might be marrying a supermodel the same week, as Houston Astros pitcher Justin Verlander is about to find out. The athlete, who got a huge smooch from love Kate Upton when his team clinched the World Series in Game 7 Wednesday night, will be tying the knot with his supermodel fiancée in Italy this weekend. The couple, who announced their engagement at last year’s Met Gala with a one-of-a-kind ring designed by Verlander and jeweler Anita Ko, have been engaged since early 2014. Verlander proposed shortly before baseball season in 2016, but the couple kept it under wraps for a few months – and have maintained that same low-key approach as they’ve planned their ...

Porzingis’ brother has a warning for the Knicks

© Brad Penner-USA TODAY Sports Sep 25, 2017; Greenburgh, NY, USA; New York Knicks forward Kristaps Porzingis (6) speaks to the media on media day at MSG Training Center. The New York Knicks had better keep superstar Kristaps Porzingis happy or else, says his brother and agent, Janis. In a recent interview with the Latvian website Sportcentrs, Janis reveals that Porzingis skipped his exit interview last year to help spark change in the Knicks organization because Carmelo Anthony never had the stones to do it himself. Janis also said the Knicks had better go above and beyond to keep Porzingis happy or he could soon be headed out of town. “[Skipping the exit interview] wasn’t an emotional decision,” Janis said, according to a translation from Eurohoops.net. “It wasn’t a spontaneous action. We...

How Fiona the hippo is handling the loss of her father

© Photo via Cincinnati Zoo, Lisa Hubbard The Cincinnati Zoo’s starlet Fiona is coping with the loss of her father, the zoo said Thursday. Fiona’s dad, 36-year-old Henry, was euthanized by staff Tuesday morning after a battle with a chronic illness. The Nile hippo became ill mid-summer and caretakers spent several weeks working to diagnose his ailment. Caretakers finally found what they believed was causing his symptoms — an infection that was affecting his white blood cell count and kidneys — and treated him with antibiotics. Fiona and her mother, Bibi, are now a party of two, and zoo officials said they are doing just fine. “The care team told us that they are fine as a bloat of two but probably do notice that Henry’s not around. Fiona and Bibi are outside today enjoying the mild weather....

In pictures

The collection belonged to Cornelius Gurlitt, whose father, Hildebrand, sold works that had been stolen from Jews or confiscated as “degenerate” under the Nazi regime. More than 1,400 artworks were discovered in 2012 after Gurlitt’s apartment was searched in a tax inquiry.

New orangutan species discovered in Indonesia

Scientists have discovered a new species of orangutan in the remote jungles of Sumatra in Indonesia. The researchers say the Tapanuli orangutan has distinct genetic, skeletal and tooth differences to the two other known species of orangutans, Sumatran and Bornean.