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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in 2016, would be preserved under the House Republican plan.Even if the federal student loan interest deduction is repealed by Congress, you may still qualify for a state deduction.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
IHOP is introducing its own twist to Happy Hour by launching IHOPPY Hour.On Monday, the pancake place launched the new happy hour menu, which occurs between 2-10 p.m. each day."We created IHOPPY Hour as a way to provide folks with affordable opportunities to pancake together under our blue roof even more often,” said Jay Johns, President at IHOP in the press release. “We recognize that these are challenging times, and our belief is that, regardless of what’s going on in the world, we all deserve a little happiness, or ‘hoppiness’ as we like call it. By offering these fan-favorite menu items at unbeatable prices seven days a week, we hope to make every day just a little hoppier.”Customers will be able to choose popular menu items, entrees, snacks, sides, and drinks, and nothing will cost more than . 819

HOUSTON (AP) — President George H.W. Bush said a lot with socks.A visit from friend and fellow former president, Bill Clinton, inspired him to wear a pair emblazoned with Clinton's face. He wore Houston Texans' socks when meeting with the head coach. At the funeral for his wife, Barbara Bush, he wore socks featuring books as a tribute to her work promoting literacy.Bush, who was a naval aviator in World War II, will be buried this week wearing socks featuring jets flying in formation — a tribute, his spokesman says, to the former president's lifetime of service. The mayor of Houston urged people attending a City Hall tribute to Bush on Monday evening to wear colorful socks in memory of the former president, who died Friday at age 94 .Michael Meaux, who worked in the U.S. State Department under Bush's son, former President George W. Bush, sported a pair of hot-pink socks as he waited for Monday evening's tribute to begin."I've had them for a while, but I've never worn them before," Meaux said, laughing.Bush was one of several a high-profile figures to adopt a menswear trend of using socks to add a bit of flash to an outfit. Others include Canadian Prime Minister Justin Trudeau. The trend hit a peak in the men's market four years ago, said Marshal Cohen, a chief industry adviser of the market research firm NPD Group.It has endured, with color and novelty driving growth in the market, he said. And as menswear became more casual, socks replaced the tie as a conversation piece."Year after year we got more and more casual and the fun novelty sock became an opportunity of expression," Cohen said. "As we got rid of ties, guys still wanted to be able to put some style to a navy suit or a black suit."The socks can add some fun and color to an outfit, while also making a statement.Bush embraced the practice, and gave it meaning.In March, the former president tweeted a photo of himself wearing a brightly colored pair of "Down Syndrome Super Hero" socks sent to him by John Cronin, a 22-year-old New York man with Down syndrome who with his father runs an online business selling socks.Cronin's mother, Carol Cronin, said her son and Bush became "kind of sock buddies." Not long after starting John's Crazy Socks , John Cronin learned of Bush's love of colorful socks and sent him a box. After Barbara Bush died in April, it was Cronin who sent Bush the socks featuring books that he wore at her funeral.Carol Cronin said that when her son learned that it was Bush who signed the Americans with Disabilities Act banning workplace discrimination of people with disabilities and requiring improved access to public places and transportation, he felt their connection was "meant to be.""The inclusiveness that is envisioned by that legislation has changed his life and every other person who has a differing ability for the better," said Cronin, who noted that the majority of employees hired for the business have differing abilities.She said her son's idea of starting a sock business turned out to be a successful and fulfilling one."I think it lets people express themselves in a subtle way," she said.___Stengle reported from Dallas. 3164
House and Senate negotiators have struck a deal over?long-stalled legislation?to revamp the way sexual harassment complaints are made and handled on Capitol Hill, multiple congressional sources close to the process told CNN on Wednesday, likely assuring the bill's final passage this year.The bill will reconcile the House- and Senate-passed versions into one bill that overhauls the Congressional Accountability Act, which set up and oversees how sexual harassment claims are handled and -- for the first time -- will hold lawmakers liable for paying harassment settlements from their own pockets, rather than using US taxpayer money as had been done in the past.The breakthrough comes more than a year since the #metoo wave hit Capitol Hill and just in the nick of time. Had Congress been unable to reach agreement before the end of the year, each chamber's legislation that passed earlier in the year would have expired.The House passed its version in February. The Senate wrote its own bill, a vastly different version, in May and legislators have been working for the past seven months, in fits and starts, to compromise over the details.The final bill text has not been released yet and a formal announcement is forthcoming. Depending on how things pan out with the whole slate of must-pass items left on Congress' docket, the sexual harassment legislation could be attached to the spending bill or the Violence Against Women's Act extension or could be passed by unanimous consent on the floor.Whether lawmakers would be personally liable for paying harassment settlements had been a sticking point as the legislation?sat for months without a solution. A provision in the Senate's bill for members being to be held personally responsible said, unlike the House bill, that they must pay out of pocket only for sexual harassment, not for any awards that may be ordered for sex discrimination or any other kind of discrimination.Some had feared that could provide a loophole for members who are accused of harassment to settle with a victim for sex discrimination, knowing they won't be required to pay the settlement and it will instead come out of a US Treasury fund. 2186
If you knew the world was about to end, where would you go? I'm guessing, Kansas isn't the answer. But, it probably should be.Down a long dirt road in the middle of Glasco, Kansas there is a bunker that can withstand a nuclear bomb, earthquake, tornado, terrorist attack and even a pandemic. It's called Survival Condo. In the late 1960's it was a missile silo, but as modern technology quickly progressed, the old silo was forgotten about. However, 10 years ago Larry Hall purchased the bunker. He decided to build a luxury survival complex for the wealthy if Armageddon were ever to happen. The bunker sits 201 feet below ground. It takes less than 30 seconds to go from the top floor to the bottom. Each condominium cost three million dollars. The complex is self-sustaining and includes plenty of amenities. It has an indoor pool, dog park, spa, gym, cinema, grocery store, a hospital and a hydroponics room; which allows them to be self-sustaining. Survival Condo is also self-sustaining when it comes to power. They have batteries that last for 15 years, wind turbines, and two generators to keep the entire complex up and running. Larry Hall says, even if the world never comes to an end, residents who own a Survival Condo can still use the underground bunker as a vacation destination. 1322
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