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Taxes Set To Go Up In 2013 For 163 Million Workers
WASHINGTON (AP) -- President Barack Obama isn't talking about it. Neither is Mitt Romney. But come January, 163 million workers will feel a big tax bite regardless of who wins the election.
A temporary, two-year reduction in Social Security taxes expires, and good luck finding anyone in Washington who wants to extend it.
Neither Obama nor Romney has proposed renewing it, and lawmakers in both parties are down on the idea. Even Republicans who have sworn off tax increases have little appetite to prevent this one. Powerful advocates for seniors, like AARP, oppose an extension.
For a typical worker making $50,000 a year, it will mean a paycheck that is about $83 smaller each month. Six-figure, two-earner families will pay as much as $4,500 more in Social Security taxes next year.
Posted: Sunday, October 21 2012, 06:19 PM CDT
IN OKLAHOMA NEWS
McConnell selected for new Air Force tanker base
May 22, 2013 13:56 GMT
TOPEKA, Kan. (AP) -- Wichita's McConnell Air Force Base has been selected to be the main operating base for the Air Force's new KC-46A air refueling tanker.
Members of the Kansas congressional delegation issued a joint statement Wednesday announcing the Air Force decision. The aircraft will replace the aging KC-135 fleet flown by crews for the past 50 years.
According to the delegation, the Air Force will base 36 of the new aircraft at McConnell starting in 2016. It also will be investing $192 million in upgrades to the base.
McConnell was chosen over bases in North Dakota, Oklahoma and Washington.
Forbes Field in Topeka was not selected as a site for the Air National Guard base but the delegation said the Topeka location would not be precluded from future refueling assignments.
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From the FOX 25 First Forecast Center..Good morning...Weather pattern calming down as we head into the holiday weekend. Patchy dense fog possible this morning then mostly sunny, light winds and a warm afternoon with highs in the 80s expected. ...
Asia stocks rise as Fed official backs easy policy
BANGKOK (AP) -- Asian stock markets were mostly higher today after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEENS MOVING TO TWITTER TO DODGE PARENTS, OTHER BORES
WASHINGTON (AP) -- If you're one of those parents who are on Facebook in part to keep an eye on what your kids are up to -- here's a news flash: your kids are on to you and have moved to Twitter.
DOG BEACH WEAR
LOS ANGELES (AP) -- From bikinis to Hawaiian shirts -- it's time to gear up for the beach.