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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in 2016, would be preserved under the House Republican plan.Even if the federal student loan interest deduction is repealed by Congress, you may still qualify for a state deduction.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

In Baltimore, there’s a man named Dwayne Benbow Jr., but you probably know him better as “The Funnel Cake King”.“We can say funnel cakes we got funnel cakes, we have gourmet funnel cakes over here,” he said. “It’s the same principals, it’s a hustling mentality.”On a sweltering Thursday afternoon, he laid out his plan to take fill the chessboard that is Baltimore City with young funnel cake knights.“Dispatch them, boom we got one at Greenmount. Her son is going to be on Greenmount her son right here he’s going to be on Pratt and Monroe.”The court started small but at this orientation, the number of young employees grew to over ten.“I kept seeing kids on their bikes kids they trying to get out. They ain’t trying to hear this stay in the house stuff.. everybody calling me like yo I’m tired of my kids, take my kids from me.”Ameen Bailey got the job because his mom reached out.“The funnel cake king he basically like a father figure to all the kids,” Ameen said. “He hires people so they don’t gotta be on the corner. He shows us how to make our own businesses and how to progress more.”His brother Amir Bailey will be working with him.“I’m learning how to keep myself in check, how to interact with others, and how to keep my areas clean,” Amir said.The head that bears the crown didn’t come this way.Before starting his first snowball stand outside of the Terra Cafe Benbow Jr. was in prison for 7 years.Taking that time to grow.“I want to barber school, computer repair, fiber optics,” Benbow Jr. said. “Got half of my degree in sociology so that means I know how to speak to individuals.”Jordan Matthews was the first Knight to join the court.“He’s a black-owned business and he’s helping people by taking them off the streets and helping them work and get that money for the summer and stuff,” Matthews said.Benbow Jr. said he kept coming around so he offered him a job.“Now Jordan is able to run all run operations by himself,” said Benbow Jr. “He doesn’t need no adult no supervision or anything out here.”Every Knight gets a binder with a schedule and the 3 simple principals they have to abide by.Check your hygiene and appearance always.Make eye contact with customers and number one- no belt no work.“We can’t get upset at nobody else if we’re not physically doing it,” said Benbow Jr. “If we’re not physically grabbing them and putting the belts on them. If we’re not putting notebooks in their hands.”Isiah Johnson is 13 and this is his first chance to earn a paycheck.“Just making me more responsible and teaching me how to save money and get it.”Grooming the brightest gems under his crown to build their own empires.“Helping my mom out around the house and outside,” said Kalani Bowen. “Make some money for myself, but also help my mom pay bills and stuff.”“I’m in JOTC right now so I want to go to the Army,” Ameen said.Dorrian Vaughn is the youngest knight at 10-years-old.He’s looking forward to learning and hopes he learns principals to carry with him when he gets his dream job way down the road.“A police officer either that or a fireman,” Vaughn said.There’s only so much ground one king can cover, and Benbow Jr. hopes more people take our young royalty and build them up.“Grabbing them while they are young pulling them in teaching them all that we can teach them and pass them to the next entrepreneur.”If you’re hungry from this article and want to find the Funnel Cake King follow him on any social media platform.WMAR's Eddie Kadhim first reported this story. 3505

In a rare public appearance since he was fired from office, former Secretary of State Rex Tillerson called President Donald Trump "undisciplined" and claimed that Trump would often ask him to do things unaware that such actions would violate the law."When the President would say, 'Here's what I want to do and here's how I want to do it.' And I'd have to say to him, 'Well Mr. President, I understand what you want to do, but you can't do it that way. It violates the law. It violates treaty,'" Tillerson said Thursday night at a fundraiser in Houston for the MD Anderson Cancer Center, according to video of the event posted by CBS News.He went on to add, "He got really frustrated ... I think he grew tired of me being the guy every day that told him you can't do that and let's talk about what we can do."In response, Trump tweeted, "Rex Tillerson, didn’t have the mental capacity needed. He was dumb as a rock and I couldn’t get rid of him fast enough. He was lazy as hell."Mike Pompeo is doing a great job, I am very proud of him. His predecessor, Rex Tillerson, didn't have the mental capacity needed. He was dumb as a rock and I couldn't get rid of him fast enough. He was lazy as hell. Now it is a whole new ballgame, great spirit at State!— Donald J. Trump (@realDonaldTrump) December 7, 2018 1312

If you weren't able to make it to the failed Fyre Festival, the U.S. Marshals are making it possible for you to own a piece of merchandise from the botched 2017 music festival.Consumers will be able to purchase t-shirts, baseball caps, and other merchandise online through the U.S. Marshals' auctioneer, Gaston & Sheehan. 333

IMPERIAL BEACH, Calif. (KGTV) - South Bay residents have an opportunity to sound off over the sewage coming up from Mexico, leading to beach closures.The U.S. section of the International Boundary and Water Commission is holding a forum on the topic Thursday. The sewage either comes from Tijuana runoff or the Punta Bandera treatment plant."I would love to surf everyday without worry," said Imperial Beach councilwoman Paloma Aguirre. "I would love for my friends to be able to take their babies to the beach, and sit on the sand and not worry about bacteria."Meanwhile, officials in Imperial Beach and Coronado are expressing new optimism. A meeting this week identified 0 million in projects that could help: funding still unclear.The meeting starts at 5:30 p.m. Thursday at the Tijuana Estuary Meeting Room, 301 Caspian Way in Imperial Beach. 859

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