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House Republicans released a tax reform plan Thursday that would eliminate a tax break for Americans with student debt.The student loan interest tax deduction saves people as much as 5 a year, though most see a smaller benefit.The sweeping legislation was described by House Speaker Paul Ryan as a series of tax cuts aimed at helping most Americans. But it eliminates or limits some tax deductions and exemptions to fund those cuts.The student loan interest tax deduction is just one on the chopping block. The bill still needs to be approved by both the House and Senate, and signed by President Trump, who has said it will be done "before Christmas."Here's how it currently works: Those eligible can claim up to ,500 of what they paid toward the interest on their student loans, but not the principal.It's an "above the line" deduction that can be claimed without itemizing. But it's only available to borrowers with a modified adjusted gross income of less than ,000 (0,000 for married couples filing jointly.) The benefit is gradually reduced once you earn at least ,000 (or 0,000 for couples).About 12 million people claimed the student loan interest deduction in 2015, according to the IRS. More than 40 million Americans have student debt.The student loan interest deduction cost the federal government billion in foregone revenue during 2016, according to a report from The Pew Charitable Trusts.The cost has more than doubled since 2007 as student loan balances grew, even though the maximum deduction (,500) hasn't changed since 2001, the report said.Still, it costs less than the American Opportunity Tax Credit. That allows families who are paying for college out-of-pocket to claim up to ,500 per student. The benefit, which cost nearly billion in 2016, would be preserved under the House Republican plan.Even if the federal student loan interest deduction is repealed by Congress, you may still qualify for a state deduction. Thirty-seven states and D.C. offer a similar benefit, according to The Pew Charitable Trusts.The House bill also proposes nearly doubling the standard deduction. It would raise it for singles to ,000 and for married couples filing jointly to ,000. 2279

If Santa were to find his way to Baltimore, Maryland, 34th Street might be the perfect place to land his sleigh and Bob Hoshier might be the perfect person to welcome him to the neighborhood.The 57-year-old man has lived on this block since the 1980s, the year he first hung up a few strands of Christmas light. His neighbors eventually got in on the decorating and now, every year, this strip of row houses is covered so thickly in Christmas lights that planes landing at nearby Baltimore Washington International Airport might mistake it for a landing strip.And this year, more than ever, Hoshier knew his gift to the neighborhood had to shine."It's been a terrible year. With the amount of people out of work, the kids that aren’t gonna have a great Christmas, and this is free, isn’t going to cost them anything," Hoshier said as he watched people walk up and down the block admiring the lights.Turns out Hoshier isn't alone in his love for light. Sales of Christmas lights are up nearly 20 percent nationwide in 2020."With the way everyone is hunkered down in their houses, it puts a little joy on kids' faces,” Hoshier said. “You only have to put one string of lights up, you don’t have to go crazy as we do.”But the holidays aside, there might be something much deeper at play when it comes to Americans’ newfound fascination with Christmas lights this year. In a year defined by darkness, psychology professor Dr. Krystine Batcho sees a reason behind those skyrocketing light sales."Holidays themselves are wonderful social or community markers for time. It reminds us that there’s a cycle to nature, the seasons' cycle," said Dr. Batcho, who teaches at Le Moyne College in Syracuse, New York.With so many of our routines upended, putting up lights can be a marker in time. A way for our subconscious to reset."None of us can stop time or reverse it, but when you put up those lights, you’re saying, ‘I’m going to tell the world it’s time to take a break,’" she added.In a year that has seen its fair share of darkness, Dr. Batcho sees these tiny little bulbs as lighting the way forward."It’s an act of hope, and we all are anticipating the end of the pandemic, so this takes on more meaning, more purpose,” she said. 2234

Hundreds of people gathered in protest in front of the White House on Election Night, and the demonstrations remained mostly peaceful.The Associated Press reports that "more than 1,000" people gathered on Black Lives Matter Plaza near the White House on Tuesday night. The outlet reports that the demonstrators at times blocked traffic and set off fireworks, but the protests remained mostly peaceful.WRC-TV in Washington reports that three people were arrested in connection with the demonstrations on Tuesday night. One person was charged with disorderly conduct, while two others were arrested following an "assault incident." It's unclear if or how that assault was linked to the protests.The Washington Post reports that the D.C. protests included one incident where a man tussled with police at Black Lives Matter Plaza.The rest of the U.S. was also largely free of civil unrest. The Associated Press reports that there were "scattered protests" in large cities, including in New York City and Seattle.Officials in some major U.S. cities feared protests would grow violent as returns trickled in. Storefronts in downtown areas of major cities like New York and Denver chose to board up windows out of an abundance of caution.The White House this week installed additional barriers in front of the property gates to prevent protesters from breaching the property. 1376

House Judiciary Chairman Bob Goodlatte has issued subpoenas for former FBI Director James Comey and former Attorney General Loretta Lynch.Goodlatte, a Virginia Republican who is retiring, is requesting private depositions from Comey on December 3 and Lynch on December 4. House Republicans have been investigating FBI actions in the 2016 campaign, but that probe will end when Democrats take over the committee in January.Comey, who has previously rejected the committee's request for him to appear privately before the GOP-led inquiry, reiterated his position soon after the subpoenas became public."Happy Thanksgiving. Got a subpoena from House Republicans. I'm still happy to sit in the light and answer all questions. But I will resist a 'closed door' thing because I've seen enough of their selective leaking and distortion. Let's have a hearing and invite everyone to see," Comey tweeted.David Kelly, an attorney for Comey, said Thursday that his client will fight the order in court."While the authority for congressional subpoenas is broad, it does not cover the right to misuse closed hearings as a political stunt to promote political as opposed to legislative agendas," Kelly said.Lynch has not yet commented publicly about the subpoenas.After the House Judiciary Committee signaled earlier this month their intention to subpoena Comey and Lynch, Rep. Jerry Nadler, the Democrat who is expected to chair the panel next year, criticized the move as "unfortunate.""Months ago, Director Comey and Attorney General Lynch both indicated their willingness to answer the Chairman's questions voluntarily. My understanding is that the Republicans have had no contact with either the director or the attorney general since," Nadler said last week.Deputy Attorney General Rod Rosenstein remains another potential witness hanging over the GOP-led investigation. Conservatives on the panels demanded that Rosenstein appear to answer their questions about his reported remarks about wearing a wire to record the President and efforts to recruit Cabinet members to invoke the 25th Amendment to remove Trump from office. A scheduled meeting with Rosenstein last month was postponed and has not been rescheduled. 2215

In an interview with the Washington Post, FDA Commissioner Scott Gottlieb said that the agency is proposing a ban on menthol cigarettes citing youth and minority smoking rates. According to the New York Times, a ban on menthol cigarettes could take several years to execute. It is a move that other nations have made. Canada has already implemented such a ban, and the European Union's menthol ban goes into effect in 2020. According to the FDA, menthol may reduce the irritation and harshness of smoking. According to FDA statistics, more than half of youth smokers smoke menthols. Also, a disproportionate number of minorities smoke menthols. Studies have also suggested that using menthol makes it more difficult to quit smoking, the FDA says. There have been groups, such as the African American Tobacco Control Leadership Council, that have pushed the federal government to ban menthol cigarettes. The council's co-chair, Phillip Gardiner, told the Washington Post, "I’m sorry it has taken the FDA so long to come around but I’m glad they finally are. They should have done it 10 years ago and saved hundreds of thousands of lives."According to FDA figures, more than 19 million Americans smoke menthols.  1273