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In a letter to four senators, Social Security Chief Actuary Stephen Goss estimated that if President Donald Trump eliminates payroll taxes, Social Security Trust Fund would be "permanently depleted" by 2023."If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021, and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of the calendar year 2021, with no ability to pay DI benefits thereafter," Goss said in the letter. "We estimate that OASI (Old Age and Survivors Insurance) Trust Fund reserves would become permanently depleted by the middle of the calendar year 2023, with no ability to pay OASI benefits thereafter."The letter was addressed to Sens. Bernie Sanders (I-Vt.), Chris Van Hollen (D-Md.), Ron Wyden (D-Ore.), and Chuck Schumer (D-N.Y.).One of the executive actions Trump recently signed was temporarily deferring payroll taxes that are used to fund Social Security.On Saturday, President Trump said that he would make "permanent cuts to the payroll tax" if re-elected. 1167

If you are still out of work, chances are the bonus unemployment check has helped you out. The 0 weekly bonus passed by Congress earlier this year helped millions of Americans who lost their job due to the pandemic. OUT OF TIMEThe benefit is set to expire on July 31, however because of payment schedules, this week will be the final week of the benefit. Congress is not expected to pass a new round of relief by next week although they could offer back-pay should relief legislation eventually pass. WHY IT MIGHT NOT BE EXTENDEDDemocrats have called for extending the benefit or at the very least enhancing current unemployment payouts. Republicans, however, are more skeptical, with some believing the incentive is stopping Americans from returning to work or looking for new work. THIS WEEK IS CRUCIALNegotiations are well underway and this week will be full of developments. That's because Congress is back from their Fourth of July recess. Senator Mitch McConnell and Rep. Kevin McCarthy, both GOP leaders in Congress, met with President Donald Trump at the White House today. On Tuesday, Trump Chief of Staff Mark Meadows and Treasury Secretary Steve Mnuchin will attend meetings on Capitol Hill. President Trump is even rumored to potentially make an in-person appearance on Capitol Hill this week. Everything from expanding small business loans to another stimulus check is expected to be included in the negotiations. 1438

In a city where a bowl of noodles doesn't usually cost more than , a shop in Taipei has been charging 5, or TWD10,000, for its beef noodle soup -- and diners are happily paying for it.Beef noodle shop Niu Ba Ba, founded in 1990 in Taiwan, serves just eight types of beef noodles -- ranging from the classic Beef Father Beef Noodle Soup () to the most expensive -- the Presidential Beef Noodle Soup (5). 421

If you have ever wanted to spend a night in Hell (Michigan), now is your chance.An Airbnb user, dubbing himself the “Mayor of Hell,” is offering a one-night experience for Michigan residents that promises to be spooky. The listing in Hell, Michigan, is only available for three nights: Oct. 18, 21 and 24.The cost to spend a night in Hell is .“I am the biggest Halloween fan in the world (and the underworld), so I hope that our little slice of paradise can fill fellow Halloween lovers with all of the frightful chills and spooky sensations of the season,” said John Colone, owner of the Airbnb property. “And to our guests and soon-to-be Mayors, I trust you’ll find that there is no place more welcoming than Hell on Earth—we can’t wait to show you a helluva good time!”The home is said to contain a “Mayor’s Lair,” complete with a gothic sitting area. The rental also comes with an outdoor firepit, movie screen, and is a short bike ride away from the Hell Hole Diner.The experience will be available on Airbnb’s webpage starting October 14 at 12 p.m. ET. 1069

In a survey of 1,000 small business owners conducted by the US Chamber of Commerce, 57% ranked the economy as the first or second most important issue influencing their vote in the 2020 Election. With 30.2 million small businesses in the US, according to 2018 US figures, these voters make up a significant chunk of the electorate. “Small businesses provide so much to our economy,” Pete Mikulin, CEO of 3R Technology Solutions said. The company focuses on electronics recycling and data destruction.“We’re fortunate in that we’re OK. We’re just OK,” he said. The pandemic hit businesses hard like Mikulin's hard. “It wouldn’t take much right now to ruin, completely destroy the small business landscape.”Many are not sure what the future holds.“Your plans go out the window,” Mikulin said. “So you deal with it everyday, day by day, and it’s survival.”“It feels like we’re alone. It feels like there's no one in our corner as a small business owner,” he added.“There’s concern of the small businesses that not enough attention is being paid to them in Washington, that Washington is looking at some of the bigger items in the election and they’re forgetting about the fact that small businesses is the major driver of our economy,” Mac Clouse, business expert for over 40 years and professor at University of Denver, said.“The stock market is a general indicator of what's going on with stock prices, and stock prices are usually reflective of your larger firms, firms that are publicly traded,” he said. “That really doesn't measure what's happening with the mom and pop businesses, the small businesses. The only way we know how they’re doing is to ask them.”Of those surveyed, 78% said the economy was “average," “somewhat average," or “very poor” in August.“When you have people saying the stock market is doing great but 78% of business owners are saying the opposite, clearly there's a breakdown, not in what's being discussed, but what is meaningfully being discussed and taken action on,” Carlin Walsh, Owner and CEO of Elevation Beer Company, said. His business was impacted by shutdowns and restrictions.“Total, our revenue was cut 60% for what we normally would be,” he said. “I am not comfortable with what the next three to four months brings, so because of that, we've been putting more money than usual into savings.”Without the same safety net some of the larger companies have, small businesses are taking things day by day.“For them, what’s important is what’s going to happen in the next three to six months,” Clouse said.Many are waiting to see if they’ll see any help from the government. Surveys from the U.S. Chamber of Commerce show a majority of small business owners are more interested in the 2020 election compared to 2016.“We need our elected leaders to come together and provide targeted relief to the industries of small businesses that have been most deeply impacted, and that doesn't necessarily mean financial help although that's required as well,” Mikulin said. “All we’d like to do is keep our doors open and people employed. That’s it. That’s all.” 3095

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