Pay checks to suffer in 75
Middle and upper income workers face a 5.85 percent Social Security tax until paychecks resume withholding this week. For an earner at 915,000 annually, about 17 dollars less this week. Tax base raised to 14100. 1975 will bring higher overall Social Security deductions, with July checks reflecting increased benefits for 30 million beneficiaries. The article notes inflation impacts on consumer spending and overall spendable earnings.
MENTIONED IN THIS ARTICLE
Washington
UPS
Sweden to require front seat belts starting Wednesday
Swedish drivers and front seat passengers must wear seat belts from Wednesday. Sweden already limits driver alcohol to below .05 percent, roughly one can of beer, with penalties risking license for consuming more. The rule aims to reduce injuries and fatalities, even if belts save lives.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
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The
Safety Board
Decision on food stamp cuts expected soon
Washington officials say a final decision on the administration proposal to trim food stamp benefits for more than 14 million Americans will be issued very shortly. The plan could cut annual benefits by about 645 million to over 900 million dollars unless protests alter the proposal.
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Washington
UPI
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