Michael Bloomberg said Tuesday that he will not run for president in 2020, ending a political guessing game that had the potential to upend the Democratic field and make the White House sweat. The 77-year-old former New York City mayor, one of the richest men in the world, announced his decision not to join the crowded Democratic field in a Bloomberg News editorial on Tuesday. But his aides have said in recent weeks that he is prepared to spend as much as $500 million – about 1 per cent of his estimated $50 billion fortune – to make sure Donald Trump is a one-term president. Bloomberg flirted with a presidential run before, but as an independent. He re-registered as a Democrat last fall after six years as a Republicans and 11 as an independent. Former New York City mayor Michael Bloomberg said Tuesday that he won't run for president next year, ending a political guessing game whose outcome could have shaped the race President Trump said last year that … [Read more...] about Michael Bloomberg WON’T run for president in 2020
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It is January 2019, and the race for the Democratic nomination for the 2020 presidential election is already in full swing. Here, in no particular order, is a roundup of the candidates that have already declared their intention to run – we’ll update this list as more candidates formally announce in the coming months. Bernie Sanders Age: 77 Occupation: US senator for Vermont Campaign: Sanders officially launched his campaign at a rally in Brooklyn on March 2. Pros: While Bernie is unfavoured by the pundit class after his loss in 2016, the numbers don’t lie: Sanders is (along with former Vice President Joe Biden) the frontrunner in almost every poll of likely candidates. His influence on the ideas that will feature in this campaign is undeniable: almost his entire slate of policies, from medicare-for-all to raising taxes on the wealthiest, have moved from the radical fringes four years ago to the mainstream today, to the point where they are core promises for almost … [Read more...] about 2020 election: who’s in the running to face Trump?
Janna Herron and Susan Tompor USA TODAY Published 9:48 AM EST Jan 25, 2019 Sitting down to do your taxes in the next few weeks — or talking with your tax preparer — will involve tackling the most sweeping changes in the federal income tax rules in more than 30 years. You'll need to keep in mind that more than 600 rule changes took place under the Tax Cuts and Jobs Act, which was passed by Congress in late 2017. All those changes even drove some industry experts to raise concern early on about possible delays to the typical, late January start of the tax season — and that was long before the federal government shutdown hit on Dec. 22. Even so, the Internal Revenue Service promises to kick off tax season as of Jan. 28, the earliest date you can file your returns. Will things end up being simpler? Maybe — if you’re able to tap into a substantially expanded standard deduction and you no longer must string together all sorts of … [Read more...] about Taxes: New tax laws for 2019 filing
Joel Shannon USA TODAY Published 5:34 PM EST Dec 25, 2018 Donations have been returned to everyone who contributed to a viral crowd funding campaign that authorities say was based on a lie, a GoFundMe spokesman said Tuesday. Prosecutors announced charges in November against three people who allegedly concocted a feel-good story of kindness to attract donations in October 2017. Kindhearted people donated more than $400,000 to the cause. GoFundMe spokesman Bobby Whithorne said Tuesday that "all donors who contributed to this GoFundMe campaign have been fully refunded," and that the organization was cooperating fully with law enforcement. Whithorne said cases of misuse "make up less than one tenth of one percent" of GoFundMe campaigns. In November, the Burlington County Prosecutor's Office in New Jersey charged Katelyn McClure and Mark D'Amico, both of Florence, New Jersey, with theft by deception and conspiracy to commit theft … [Read more...] about GoFundMe gives $400,000 in refunds for alleged homeless vet scam
GoFundMe says it has refunded more than $400,000 back to 14,000 donors who opened their wallets to help a homeless veteran in what prosecutors now say was a fake "good Samaritan" scam. The online fundraising campaign was started by New Jersey couple Kate McClure and Mark D'Amico to raise money for Johnny Bobbitt, who supposedly gave McClure his last $20 when her car ran out of gas. But prosecutors say the three actually made up the story and conspired to split the proceeds. All of the money raised has now been refunded, including processing and administration fees, GoFundMe spokesperson Bobby Whithorne, said in an email to CBS News on Monday.After a chance encounter at a local casino, the trio allegedly devised a story that prosecutors later called "too good to be true." McClure and D'Amico set up a GoFundMe campaign, "Paying it Forward," to reward Bobbitt for his generosity around the holiday season last year. The story caught the attention of people around the … [Read more...] about GoFundMe refunds more than $400,000 to donors as New Jersey couple and homeless vet face grand jury