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Social Security and Medicare Trust Funds Face Cuts Sooner: What You Need to Know
Social Security and Medicare are expected to need to cut monthly benefits in less than a decade as the trust funds for both programs are on track to run dry earlier than previously predicted. A report released on Wednesday from the Social Security and Medicare Boards of Trustees pushed up the programs go-broke dates, meaning the point at which they would not have enough money to fully cover benefits. The worsening projections are in part because of a new law impacting Social Security and increasing health care costs, according to the report. Heres what to know about the approaching funding...
Liberal Government's Tax Cut: Average Canadian Family to Save $280 Next Year
The average Canadian family will save $280 on their taxes next year from the Liberal government's planned income tax cut, the parliamentary budget officer said in an analysis released on Wednesday. But some seniors and single Canadians are expected to save less, prompting criticism from Conservatives who argue the tax cut doesn't go far enough. The Liberal proposal would drop the tax rate to 14.5 per cent from 15 per cent on the first $57,375 of Canadians' taxable income this year, and down to 14 per cent next year. The promise was a pillar of the Liberal campaign during the...
Los Angeles Rioters Face New Charges for Police Vehicle Arson - Federal Investigation Launched
Los Angeles prosecutors revealed a slew of new charges against rioters who lit police vehicles on fire and looted businesses during the wild protests against immigration enforcement that took over the citys downtown. Alongside the new criminal cases, the Internal Revenue Service, the FBI and federal prosecutors launched a joint investigation into the demonstrations funding sources after agitators obtained face shields and other supplies for the days-long protests. Los Angeles County District Attorney Nathan Hochman announced charges against five suspects who attacked police officers and ransacked stores. This group wanted to commit crimes. They looked at the protests as a...
