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The IRS clarified on Friday that companies will be obligated not to take Social Security taxes from paychecks starting next week running through the end of the year.Nearly all Americans are taxed 6.2% per check to go toward Social Security. For now, barring any action from Congress, most Americans will see larger paychecks through the end of the year. The guidance is based on an executive order signed earlier this month by President Trump in hopes of stimulating the economy.Related: What a payroll tax deferral may mean for your paycheck and taxesThe Social Security tax deferment is applicable to workers who make up to ,000 on a bi-weekly basis. Those making more than ,000 every two weeks will continue to have their Social Security taxes withheld from checks.The deferment is not an actual tax cut, and because the deferment was done via executive order rather than an act of Congress, the taxes will need paid back by April 30, 2021.The White House has said they would like to see the elimination of the Social Security payroll tax be made permanent in an effort to lower the tax burden. Opponents say that eliminating the tax on Americans would make Social Security insolvent.Stephen Goss, the chief actuary for the Social Security Administration, told the US Senate this week that a hypothetical bill that would make the tax deferment permanent would cause Social Security to no longer be able to make payments to beneficiaries by the middle of 2023.For employees making ,000 a year, the elimination of Social Security taxes would result in an extra per paycheck every two weeks. Assuming the employee has eight paychecks left in 2020, that would result in 2 in taxes deferred in 2020, which would be repaid in 2021. For employees making ,000 per year, those figures would be doubled. 1821

The next time you're heading down the cereal aisle at your local grocery store, you might see two new breakfast kinds of cereal from Dunkin'.The company says the cereals are based on two of its most popular coffee drinks: Caramel Macchiato and Mocha Latte."Post Dunkin’ Caramel Macchiato cereal is brought to life with crunchy cereal pieces and caramel-swirled marshmallows, creating the deliciously indulgent taste of the layered iced coffee beverage," the company said. "Post Dunkin’ Mocha Latte cereal features a hint of chocolate and latte-swirled marshmallows in honor of its namesake espresso."The coffee and donuts brand are partnering up with Post Consumer Brands, who also make Honey Bunches of Oats, Shredded Wheat, and Raisin Bran.The cereals will contain "very small amounts of caffeine, roughly a 10th of a cup of coffee, so all can indulge in the rich coffee-forward experience."“We love delighting customers with surprising new ways to enjoy the great taste of Dunkin’. For our fans who already start their days with Dunkin’, this gives them another way to experience their favorite flavors,” said Brian Gilbert, Vice President of Retail Business Development at Dunkin’ in the press release. “The Post Cereals team has done an excellent job of paying homage to the Caramel Macchiato and Mocha Latte with these new cereals. We can’t wait to see how customers enjoy them.”The cereals are set to hit grocery shelves sometime this month. 1456

The jarring noises and machines inside the Usheco plastics warehouse sound like home to the Schaeffer family.“My grandfather, Bernarr Schaeffer, started the business in ’61. So, proud to be third generation,” said Alethea Shuman, who will one day take over the company for her father.The company started with the World War II fighter pilot, and now, more than 60 years later, nearly every member of his family has worked inside these four walls.“It’s like having your own team. There’s an extra level of trust that you just don’t get elsewhere,” said Wayne Schaeffer, Bernarr’s son and the President of Usheco.They build all kinds of plastic devices. The company is known for air purifying planters, handicapped equipment, and laboratory supplies.“Our business was really founded on my grandfather wanting to make health-related products,” said Shuman. Now, this family is seeing a huge boom in some new products.At the start of the pandemic when everything shut down, Usheco had to lay off much of their staff because business dropped by about 40 percent. However, they designed face shields and desk barriers and had to bring everyone back on and hire extra workers on just to fulfill all their orders.“We only cut everyone’s hours for one week," said Shuman. "The following week, we were back to full-time hours for everyone."Hundreds of thousands of face shields and plastic desk barriers in custom shapes and sizes are coming out of this factory.While most businesses are in need of help themselves, the plastics industry is one of few seeing pandemic profits.“Things are looking pretty good for us,” said Schaeffer. “How can you not be thrilled to be helping out and making your business grow?”The Schaeffers say their U.S. made products are growing to a global scale. “Our pricing is similar to China now,” said Wayne.“We’re seeing new quotes coming in for things that are typically done overseas and were grateful to be able to help with that,” said Shuman.Shuman said by the time she takes over the business, she hopes the products keeping her grandfather’s legacy alive are no longer in stock.“I’m hoping we figure out a way to get past this and we’re not going to need PPE and sneeze guards, and the business coming back to the U.S. is going to support us. And from what I can see, that’s happening,” she said.But more important than business, is carrying on a tradition.“Over the last few months, we really have understood where our roots are and where we’re going,” she said.Towards a future where simple, plastic products mean more than ever before. 2571

The percentage of Americans who say they would probably or definitely get a COVID-19 vaccine when one becomes available has sharply decreased in just the last few months.A survey done in mid-September by the Pew Research Center found only 51 percent of respondents would definitely or probably get the vaccine when one became available. A similar survey done in May found 72 percent of participants would definitely or probably get the vaccine. The 21 point drop was all in the “definitely would get the vaccine” category, according to the data.According to the data, a large drop in the number of American who would get the vaccine was seen in both Republican leaning respondents and Democratic leaning.Republican participants went from 65 percent would get the vaccine in May to 44 percent in September. Participants who identified as Democratic went from 79 percent would get the vaccine in May to 58 percent in September.Large drops were seen across gender, race and ethnicity as well.“About three-quarters of Americans (77%) say it is at least somewhat likely that a vaccine for COVID-19 will be approved and used in the U.S. before it’s fully known whether it is safe and effective, including 36% who say this is very likely to happen,” Pew Research Center wrote of their findings.Of the 49 percent who would not get a vaccine, the majority of them are worried about potential side effects.Side effects are also a concern for those who would get the vaccine. Of the 51 percent who said they would probably or definitely get the vaccine, more than half said that if many people were experiencing minor side effects they would reconsider getting the vaccine.The data came from more than 10,000 Americans surveyed between September 8-13. 1748

The judge in Bill Cosby's indecent assault trial ruled Tuesday a jury can consider as evidence the comedian's 2005 admission that he procured Quaaludes for women he wanted to bed.Accuser Andrea Constand is one of dozens of women who have accused the former TV star of drugging and sexually assaulting them, an allegation Cosby denies.Judge Steven O'Neill's decision came amid a more than hourlong hearing, during which the jury was not present. The hearing dealt with attorney-client privilege, Fifth Amendment concerns and Cosby's defense team's plans to call one of Constand's civil attorneys to the stand, as well as a toxicologist who will dispute her account of how the drugs affected her. 702

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