WEDNESDAY, FEBRUARY 14
PROGRAM # 8265 12:00 PM PT
Plan Turns State Taxes Into Donations.
The leader of the California senate is proposing to allow California’s taxpayers to continue deducting state and local taxes by making them charitable donations to a fund for schools, colleges and parks. The bill is intended to help relieve the impact of Trump’s tax increases against blue states, after the tax reform limited federal deductions of local and state taxes.
Guest: Sen. Kevin de León, President Pro Tem, California State Senate, Sacramento, CA.
Dow Fall and Pension Plans. The Dow Jones had the worst day in two years and biggest point drop in history, sending the stocks into free fall, amid uncertainty and fears. What does it mean for people who have retirement account savings and pension funds? Also, warning that communities of color have worse access to retirement savings, banks and home loans, advocates for the elderly are reaching out to policymakers and businesses to give recommendations.
Guests: Maggie Castro, Associate State Director, AARP-New York, New York City, NY; Andres Castillo, Senior Advisor, AARP, New York City, NY; Cristina Martin-Firvida, Director, Financial Security & Consumer Affairs, AARP, Washington, D.C.
Photo: stfrancislibrary.org
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