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WILMINGTON, Del. — President-elect Joe Biden’s son Hunter says he has learned from federal prosecutors that his tax affairs are under investigation. The investigation by the Delaware U.S. Attorney’s office was disclosed in a statement released Wednesday by President-elect Biden’s transition office and his son. "I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors," the statement from Hunter Biden reads. The Biden-Harris transition team's statement reads, "President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger."Hunter Biden has long been a target of President Donald Trump and his allies, who have accused him of profiting off his political connections. Trump and his supporters also raised unsubstantiated charges of corruption related to Hunter Biden’s work in Ukraine at the time his father was vice president.Hunter Biden's attorneys did not immediately return phone messages from the Associated Press seeking comment. 1240
What impact will the new administration have on your money? Experts think another relief package could be one of their first actions in office.“There are a variety of ideas by lawmakers on both sides on how to either build on those ideas or even use new ideas, for example, expanding the child tax credit, and the earned income tax credit to help with economic relief,” said Garrett Watson, Senior Policy Analyst at Tax Foundation.The earliest anyone would see additional stimulus money would be early next year, separate from a stimulus bill.The Biden campaign talked about increasing overall spending or raising taxes on wealthier Americans and businesses to pay for it.“The most likely ones being the corporate tax increase raising from 21% up to 28%, and bringing the top individual income tax rate from 37% up to 39.6%, where it was prior to the Trump tax law in 2017,” said Watson.Which party has control of the Senate will impact if taxes are raised. Same goes for possibly raising the federal minimum wage. Congress would need to approve that.Experts say that likely puts us into 2022 before any major financial changes would take place. That's also the midterm elections and when another shift in balance of power could happen.Something that could affect your money and gain bipartisan support is changes in retirement savings.“The Biden campaign has come out with an interesting retirement proposal that if it did get traction, it would change the way traditional retirement accounts work by essentially converting the deductibility under current law of those traditional retirement accounts when you contribute into a matching credit instead,” said Watson. “And so that would change the way in which folks operate their traditional retirement accounts.”Bottom line, the outcome of the remaining Senate races will determine any changes to either providing or taking more money from Americans. 1910

WEST SENECA, N.Y. — This is a story of Western New Yorkers answering a call for help with no hesitation. Mike Dalessandro of West Seneca needs a kidney. And in less than two weeks, his school and church community are on the way to saving his life.“I would say I was paralyzed with gratitude. All I could do was pray for these people because it was just insane," said Mike Dalessandro.Dalessandro is a father of three, a physics teacher at Williamsville East, a deacon at Queen of Heaven Parish, and a candidate for a kidney transplant. 543
When police in Winfield, Kansas, pulled Rudy Samuel over, the 31-year-old felt he had done nothing wrong. So he started recording the encounter on Facebook Live."Officer says I failed to put my signal light on within a hundred feet," he says to the camera. "And it wasn't a hundred feet, but whatever."The video, shot on May 13, begins after Samuel provides Winfield police officers with his license and registration.When the two policemen approach Samuel's car again, they offer a different reason for the traffic stop."Hey Mr. Samuel, what caught my attention was this vegetation stuff right here," one of them says, pulling something from the seal of the car's driver's-side window. 693
What if there was a way to make money, while saving money?An app called Grand claims to do just that, motivating people to save by entering them into a sweepstakes.How does it work?You'll need to link up your bank account to the app.Then, you’ll designate how much money you want to set aside each week.Each dollar gives you an entry into a sweepstakes; you get extra entries if you refer friends or reach certain milestones, like paying off debt.The prize money varies. You could win a prize, or you could win up to ,000. If you wait until October, you could win ,000!But even if you don't win, you are still making some money off your savings.Grand guarantees users a 1% return on their savings.You will, however, need to pay /month to keep your account.So if you do all the math, that means you'll need to keep about ,100 in your account to make it count.If you feel hesitant about linking up your bank account to an app, just know that the app is FDIC insured. 984
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