CLOSINGS AND DELAYS:

BSF Dayton Day Women, Care-A-Lot Preschool-Botkins, Central Christian Church-Kettering, Dayton Public Schools, Developmental Disabilities Clark Co., Greater Love Christian Church, Piqua Baptist Church, RT Industries, Rehab Center & Neuro Devel, S.H.I. Integrative Med. Massage Sc., Second Harvest Food Bank, Shelby Hills E.C.C, St. Andrew United Methodist Church, St. Patrick's Catholic Church, Tipp Monroe Community Services,

Highlights of House, Senate GOP plans to overhaul tax code

Published: Friday, November 10, 2017 @ 3:02 AM
Updated: Friday, November 10, 2017 @ 3:01 AM

A comparison of a Republican-written tax bill approved Thursday by the House Ways and Means Committee and another being proposed by GOP members of the Senate Finance Committee:

—Personal income tax rates: House condenses current seven brackets to four: 12, 25, 35 and 39.6 percent. Senate retains seven brackets but changes them to 10, 12, 22.5, 25, 32.5, 35 and 38.5 percent. Under current law, top bracket is 39.6 percent.

—Standard deduction: Is currently $6,350 for individuals and $12,700 for married couples. House, Senate would both raise those levels to $12,000 for individuals and $24,000 for couples.

—Tax credits: House raises per-child tax credit from $1,000 to $1,600, extends it to families earning up to $230,000. Creates a $300 tax credit for each adult in a family, which expires in 2023. Senate raises per child tax credit to $1,650 and raises income limit of families who qualify to $1 million. Both bills preserve adoption tax credit, which House bill initially eliminated.

—Home mortgage interest deduction: House would limit the deduction to the first $500,000 of the loan. Senate would retain the current $1 million ceiling.

—Other deductions: House reduces allowable charitable deductions and eliminates medical expense deductions. Senate does neither.

—State and local taxes: House ends deductions for state and local income and sales taxes, allows it for up to $10,000 in property taxes. Senate eliminates entire deduction.

—Alternative minimum tax: House, Senate both repeal the tax aimed at ensuring that higher-earning people pay at least some tax.

—Inheritance tax: When someone dies, the person inheriting the estate currently must pay taxes on its value above $5.5 million for individuals, $11 million for couples. House bill initially doubles those limits and repeals the entire tax after 2023. Senate doubles the exemptions but does not repeal the tax.

—Individual mandate: Neither chamber repeals the requirement in President Barack Obama's health care law that people pay a tax penalty if they don't purchase health insurance.

—Corporate taxes: House, Senate both reduce current 35 percent rate to 20 percent, but Senate has one-year delay in dropping that rate.

—Pass-through businesses: Millions of U.S. businesses "pass through" their income to individuals, who then pay personal income tax on those earnings, not corporate tax. House bill would tax many of them at 25 percent, plus creates 9 percent rate for the first $75,000 in earnings by some smaller pass-throughs. Senate bill would let people deduct some of the earnings and then pay at their personal income tax rate on the remainder.

—Businesses: House, Senate both expand write-offs allowed companies that buy equipment.

—Multinational corporations: House levies 10 percent tax on profits for overseas subsidiaries of U.S. corporations, and seeks to eliminate tax incentives that encourage some U.S. companies to move overseas. Senate ends tax advantages for firms moving overseas.

Robert Mueller subpoenas Steve Bannon in Russia probe

Published: Tuesday, January 16, 2018 @ 11:57 AM

Who is Steven Bannon

Special counsel Robert Mueller has subpoenaed President Donald Trump’s former chief strategist, Steve Bannon, to testify before a grand jury as part of the ongoing investigation into Russian meddling in the 2016 presidential election and its possible ties to the Trump campaign, The New York Times reported Tuesday.

>> Read more trending news

>> Related: Steve Bannon to testify before House Intel Committee in Russia probe

Steve Bannon to testify before House Intel Committee in Russia probe

Published: Friday, January 12, 2018 @ 11:19 AM

Who is Steven Bannon

Steve Bannon, President Donald Trump’s former chief strategist, will testify before the House Intelligence Committee next week in its probe of alleged Russian meddling in the 2016 presidential election, according to multiple reports.

>> Read more trending news

An unidentified source told Reuters on Thursday that the interview will take place Tuesday behind closed doors. It will focus on Bannon’s time as Trump’s campaign chief and not on his time in the White House, according to Reuters.

In preparation for the interview, Bannon hired Washington attorney Bill Burck to represent him, NBC News reported Friday. Burck was previously hired to represent former White House Chief of Staff Reince Priebus and White House counsel Donald McGhan in special counsel Robert Mueller’s investigation of Russian interference in the 2016 election and its possible ties to the Trump campaign, according to Law360.

Burck is representing Bannon only before the committee and not in Mueller’s probe, NBC News reported.

Trump named Bannon, the former chairman of the conservative news website Breitbart News, as his campaign chief in August 2016. After his inauguration, Trump appointed Bannon to fill the newly created position of White House chief strategist.

He left the Trump administration in August 2017, almost exactly one year after joining Trump’s presidential campaign.

>> Related: Steve Bannon out as White House strategist

Days before his exit, Bannon faced scrutiny for an interview he did with the liberal magazine The American Prospect, contradicting the president's warnings to North Korea of "fire and fury" in response to threats. Tension between the pair intensified last week after Bannon was quoted in journalist Michael Wolff’s controversial tell-all book “Fire and Fury: Inside the Trump White House.”

>> Related: 10 stunning claims about Trump White House from 'Fire and Fury'

Bannon told Wolff he thought a meeting set up by the president’s son, Donald Trump Jr., with Russian lawyer Natalia Veselnitskaya and others in June 2016 was “treasonous” and “unpatriotic.” Trump slammed Bannon in a statement after the comments were made public, saying, “When he was fired, he not only lost his job, he lost his mind.”

Bannon later apologized for the comments.

>> Related: Report: Bannon apologizes for comments about Trump family in new book

Bannon announced Tuesday that he would be leaving Breitbart News for the second time in two years.

>> Related: Report: Steve Bannon stepping down as executive chairman at Breitbart News

"You have not heard the last from me," he wrote in a Twitter post announcing his departure.

Federal judge temporarily blocks Trump administration's plan to end DACA

Published: Wednesday, January 10, 2018 @ 5:55 AM

Trump Denies Making Deal on DACA with Democrats

A federal judge in California dealt a blow to the Trump administration’s attempt to end Deferred Action for Childhood Arrivals – also known as DACA – on Tuesday by temporarily blocking their ability to do so.

In his ruling, Judge William Alsup said DACA must stay in place until litigation over the program is complete. He also said that the Department of Homeland Security’s “decision to rescind DACA was based on a flawed legal premise.”

The judge’s ruling will allow recipients who didn’t renew by last year’s deadline to submit renewal applications, but no new applications will be allowed to be submitted.

>> Read more trending news 

“Dreamers’ lives were thrown into chaos when the Trump administration tried to terminate the DACA program without obeying the law,” said California Attorney General Xavier Becerra, according to The Hill. “Today’s ruling is a huge step in the right direction.”

“America is and has been home to Dreamers who courageously came forward, applied for DACA and did everything the federal government asked of them,” Becerra continued. “They followed DACA’s rules, they succeeded in school, at work and in business, and they have contributed in building a better America. We will fight at every turn for their rights and opportunities so they may continue to contribute to America.”

The Trump administration announced in September that it was ending the program; however, earlier on Tuesday, during a meeting with Republicans and Democrats to discuss immigration issues, Trump appeared willing to negotiate a pathway to citizenship for millions of undocumented immigrants – a move that stunned both Democrats and Republicans.

“My head is spinning with all the things that were said by the president and others in that room in the course of an hour and a half,” Sen. Richard Durbin, D-Ill., said, according to The New York Times.

During the meeting, Trump also appeared to support Democratic Sen. Diane Feinstein’s call for a clean DACA bill, which would push off dealing with issues like border security until later.

In a tweet Tuesday evening, though, he did seem to harden his resolve on the border wall, saying that a southern border wall must be part of any “DACA approval.”

Oprah 'intrigued' by idea of running for president, friend Gayle King says

Published: Tuesday, January 09, 2018 @ 12:35 PM

Gayle King and Oprah Winfrey attend The Robin Hood Foundation's 2016 Benefit at Jacob Javitz Center on May 9, 2016 in New York City.  (Photo by Kevin Mazur/Getty Images)
Kevin Mazur/Getty Images
Gayle King and Oprah Winfrey attend The Robin Hood Foundation's 2016 Benefit at Jacob Javitz Center on May 9, 2016 in New York City. (Photo by Kevin Mazur/Getty Images)(Kevin Mazur/Getty Images)

Longtime pal Gayle King said Tuesday that Oprah Winfrey is “intrigued” by the idea of running for president, although she said it’s still unclear whether the media mogul is seriously considering a run.

>> Read more trending news

“I don’t think at this point she is actually considering it,” King said on “CBS This Morning.”

“She loves this country and would like to be of service in some way, but I don’t think she’s actively considering it.”

Two of Winfrey’s friends, who were not identified, told CNN on Monday that she was “actively thinking” about running for president. Her long-time partner Stedman Graham told the Los Angeles Times on Sunday that Winfrey “would absolutely do it."

"It's up to the people," he added.

King said Tuesday that she thought Graham misunderstood the Times reporter’s question.

“He thought the reporter said to him, ‘Would she make a good president?’ And he said, ‘Absolutely she would,’” King said. “That's how he interpreted the question, because this is the thing. Stedman would never so cavalierly say absolutely she would do it. It's up to the people. He would never do that.”

Winfrey fueled speculation that she could look to mount a campaign in a rousing, nearly 10-minute speech at the Golden Globes on Sunday. Still, she denied having any presidential ambitions while speaking with a Bloomberg News reporter backstage at the awards show.

She was honored with the Cecil B. DeMille Award for her contributions to the entertainment industry and used her time onstage to address the “#MeToo” movement. The movement has encouraged more women to speak out about their experiences of sexual harassment and assault.

What You Need to Know: Oprah Winfrey

"I want all the girls watching here, now, to know that a new day is on the horizon," Winfrey said. "And when that new day finally dawns, it will be because of a lot of magnificent women, many of whom are right here in this room tonight, and some pretty phenomenal men, fighting hard to make sure that they become the leaders who take us to the time when nobody ever has to say 'Me too' again.”

King, who was at the Golden Globes when Winfrey gave her speech, described being in the room as “electrifying.”

“It was the right person giving the right speech at the right time,” she said. “She wanted that moment to be more than women wearing black dresses of solidarity. She really did want to speak to young girls around the country. She really did want to say, ‘Enough already,’ and I think she delivered on all that in a very eloquent way. Will she run for president? I think it's a very, very intriguing idea myself."