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President Trump's Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress.But he stopped short of saying that break would be for all of them."By simplifying the code, we're putting everybody on a level playing field," Steven Mnuchin told CNN's Jake Tapper on "State of the Union" on Sunday. "For most people -- and, again, it may not be 100 percent, but by far the majority -- both the House and Senate version provide middle-income tax relief."Mnuchin said that assessment is based on "hundreds if not thousands" of tests the Treasury has run on the bills.Mnuchin's comments came after Senate Majority Leader Mitch McConnell walked back his claim?that "nobody in the middle class is going to get a tax increase" under the Senate's version of the reform plan.On Friday, McConnell told the New York Times that he "misspoke."Mnuchin also defended the tax plan from critics, including Larry Summers, the Treasury secretary under President Bill Clinton. Summers called Mnuchin's tax cut estimates "irresponsible."Mnuchin on Sunday called those comments "unfortunate.""There are lots and lots of economists that come out and support our claims," he said. "We've been completely transparent. Different models will show different things."Mnuchin added that a middle-class tax hike is not what Trump wants. He said lawmakers will "fine tune" the plan before it heads to Trump for a signature.Tapper also asked Mnuchin about Trump's?claim?that the tax reform bill will bring "the largest tax cuts in the history of this country.""We've tried to find a way that this is true, but it's not," Tapper said, pointing to research that shows the tax break would rank, at most, as the 3rd largest in American history.Mnuchin qualified the president's statement, saying, "This will be the largest change since President Reagan."He also singled out the proposal to slice the corporate tax rate from 35% to 20%."If that's not the biggest tax cut to make our businesses competitive, what is?" Mnuchin said. 2102

President Donald Trump was infuriated after it quickly leaked that he had been directly instructed by his national security advisers in briefing materials not to congratulate Russian President Vladimir Putin on his recent election victory during their call Tuesday morning, a source familiar with the President's thinking said.Trump was fuming Tuesday night, asking his allies and outside advisers who they thought had leaked the information, noting that only a small group of staffers have access to those materials and would have known what guidance was included for the Putin call, the source said.According to the source, the incident resurfaces his long-held belief there are individuals inside his administration -- especially in the national security realm -- who are actively working to undermine him. 817

President-elect Joe Biden pleaded with Americans to adopt public health best practices during the Thanksgiving holiday in the hopes of preventing the spread of COVID-19.Biden called for unity among Americans in attempting to snuff out the spread of the virus."We're at war with the virus. Not with one another. Not with each other," he said.Biden pleaded with Americans to avoid large gatherings over Thanksgiving and added that the nation owed it to essential health care workers, who are currently battling a concerning spike in cases."The federal government can't (fight the virus) alone," Biden said.Biden said he would be celebrating the Thanksgiving holiday in Delaware on Thursday along with his wife, Jill, his daughter and his son-in-law. He added that it would be among the smallest Thanksgiving gatherings the family has had in 40 years.Biden's announcement comes as the U.S. finds itself in a perilous position ahead of the holiday — COVID-19 cases are spiking to levels previously unseen since the pandemic arrived in the country, and health experts fear that large family gatherings across the country could continue to facilitate the spread of the virus.The CDC has recommended that Americans not travel to celebrate Thanksgiving, and Dr. Anthony Fauci has recommended that celebrations be limited to members of a single household.But Americans seem poised to ignore those recommendations. At least one survey says that 1 in 3 parents believe that the benefits of gathering at Thanksgiving outweigh the risk of the coronavirus.Biden's address comes a day after he formally announced who he will nominate for six key administration positions. It also comes a day after President Donald Trump participated in the annual turkey pardon at the White House. 1774

REDMOND, Wash. (AP) — Microsoft is buying the company behind popular video games The Elder Scrolls, Doom and Fallout. The software giant said Monday that it is paying .5 billion for ZeniMax Media, the parent company of video game publisher Bethesda Softworks. Microsoft said it is buying Bethesda in part to beef up its Xbox Game Pass game subscription service, which it says has over 15 million subscribers. Bethesda games, such as Starfield, which is currently in development, will launch on Xbox Game Pass the same day they launch on Xbox or computers. Microsoft has new consoles debuting on Nov. 10, the Xbox Series X and stripped down Series S version. 667

President Donald Trump signed a 0 billion stimulus bill on Sunday, with some of those funds going toward direct payments for millions of Americans. While the bill has been signed into law, there are still a number of unknowns about the bill.Here is what is known:- Congress has authorized that most Americans making less than ,000 a year will get a direct payment of 0 (couples making less than 0,000 a year will get ,200). Heads of households making 4,500 annually also will receive the full 0.- Those making ,000 to ,000 (0,000 to 4,000 for couples) will get a prorated check. Those making over ,000 (4,000 for couples) will not receive a check.- Once again, young adults considered dependents of their parents are not eligible for the payments.- The amount given per child under the age of 17 will increase from 0 to 0.- Americans will receive the second round of stimulus checks the same way they received the first one.- While most Americans who received a stimulus check in the spring will receive one, changes to income between 2018 and 2019 could alter payments.What is unknown:- Will Congress authorize an increase of the direct payments from 0 to ,000. Trump called on an increase to direct payments, which got support from the House on Monday, mostly due to strong Democratic support. Now the bill goes to the Senate, but it is unknown if the bill will even get a vote there.- When a check will be distributed. Treasury Secretary Steven Mnuchin says that checks could be distributed within a week, but with Congress considering an increase to the amount per check, that could delay things.Why would I qualify for a check in the spring, but not now?This would mostly be due to a change in income. The IRS went by income from the most recent tax return that had been submitted by the spring. The filing deadline for 2019 taxes was July 15. For many Americans, the IRS used 2018 return information. If someone saw their income increase from 2018 to 2019, that information would now be in the IRS’ hands.Conversely, if your income dropped in 2019 compared to 2018, that might make you eligible for a check this time around.Undocumented immigrants still will not receive a check, but their spouses mayDuring the last round of stimulus checks, many families did not receive a check if an undocumented immigrant is in the family. Now, the spouses and children of undocumented immigrants can now receive a check (assuming they meet qualifications), and also retroactively earn a check from the last round of stimulus.When will we know if I will get 0 or ,000That will be decided in the coming days. The Senate is scheduled to meet on Tuesday. Theoretically, the Senate could approve the House’s bill on Tuesday, and Trump could sign later in the day.Regardless, a new Congress is sworn in on Sunday, and the Senate has until then to consider the legislation passed by the House on Monday. 2953

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