that could be collected if the irs had more resources. cuts were given in part because it was that we would get more capital investment. there is a controversial piece out in the new york times today about fedex, that they made a deal with the government that they would do the capital investment, they did not do it, and they avoided taxes. the head of fedex is saying that they will not even debate the story. what is the truth of the matter in terms of development on capital investment because of those tax cuts? steven: both are right. corporate america is not paying much in the way of taxes. , they lobbieds very hard for president trump's corporate tax-cut, which was the crown jewel of the tax reform measure enacted in 2017. after that, corporate tax rates plunged, and investment did not go up. it is sort of ironic that federal express promised, when they were campaigning for the lower taxes, to invest more. we did not see that happen. i'm not sure if it is a great rebuttal to say, new york times, you as a corporation pay lower taxes also

robert >>> every year the irs collects more than $400 billion less than it's owed. %. we'll talk about how fixing the irs could bring in twice as much revenue as elizabeth warren's wealth tax coming up after the break. >>> don't forget to subscribe to our podcast. you'll get interviews, original content, and behind-the-scenes access look for us on apple podcast or on your favorite pcaodst app and subscribe to squawk pod today. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. mastering biology to advance human health. we can imagine a path to curing cancer, addressing infectious diseases, and figuring out alzheimer's. and i believe our team at 10x will be instrumental in making this the century of biology. we're just getting started. together, we're going to do some amazing things

what elizabeth warren want would double the irs and put more of an onus on them. not some teenager agency, they don't like it when congress fiddles with the tax law and does things like this turning them into tax collectors. >> that's exactly right, i've had multiple conversations dropped years what they tell me often times will call it legislative things that washington has proposed, they don't like the application of implementing. that is a big challenge, it's a challenge to the employer to try to figure out how to navigate. >> let me clarify, the irs told me they don't like having to enforce year after year the policies that have been put on them. they just want to be tax collectors, that's what they told me. great to see you. liz: look at the story, the stock market hitting historic highs in the economy. ahead, more people working than ever and this is a squad member rashida tlaib want passed the pn for economic policies and now accused of major ethics violation. due to thousands of dollars of campaign funds for her personal expenses. that story is coming up. t

the irs is not calling you the irs is not sending you an e-mail they will send you a letter generally. if somebody gets something that's asking for very vital information. i guess a good rule no matter how old you are, kate, don't give it to 'em. >> that's right. it's -- just hang up any of those robo calls i think most people know that but you'd be surprised how often. >> they must work otherwise they wouldn't exist i assume. right? >> absolutely. i mean, they're kind of like the walmart of cybercrime, though. it's just a vast spread. they send so many out, if five of them work, they get something for it. >> i know it can be harder because it doesn't matter how old you are. remembering 100 passwords a pain in the you know what but don't use the same password for a lot of things. >> it's absolutely essential also, a really important thing you can do if you are handling a lot of money, if you have a bro brokera brokerage account and you wire money, set up with your bank to voice verify with you whenever you want to do a transfer. >> what does that mean >> it means have them call you to

but it won't happen if we don't fund the irs, for example. f revenue on the table by just underfunding the irs. we're auditing about a third of the cases that we used to do for millionaires. so we're actually going in the wrong direction. we could do so, but we would have to decide to make a solid effort. >> megan? >> look, first of all, i think the idea that we can raise huge amounts of revenue through a wealth tax is pretty sketchy, as is the idea that -- warren's idea that we're going to raise a ton of money by cracking down to tax avoidance. i think that it is a good idea for the irs to have the resources to collect the taxes that it's owed. but if you look at the congressional budget office, they're estimating that a third of the money warren is counting on can be raised. and warren's estimates are a huge outlier according to what most economists think you can raise. most of the money in the economy is in the upper middle class. and if you look at arguments about mobility and if you look at the wonderful, huge massive panel data study on

number with the irs.ation is not registered with the irs you should probably ask them why and hold off on giving until you get an answer. finally, remember that new federal tax law? yeah, it might limit or completely eliminate your deduction for donations. if a tax write-off is important to you, ask a tax pro before you make a contribution. got questions for concerns about a charity, let us ow888-996-tips or online at nbcbayarea.com/responds. >> thank you, chris. >> he always has good advice. >>> coming up on "today in the bay," it is 4:58 and it's been a frigid night for san francisco firefighters. residents with more water than they can handle. >> where crews are still working to clean up this mess. it's been overnight water main break, we'll take you out there live, coming up. >>> take a look at this right now at 5:00, water woes. there is water everywhere on the streets of san francisco, following three water main breaks overnight. they're still causing major

that that can be true, while the irs directly measures that every hour, one hour of audit labor spentn taxpayers with incomes over $5 million generates almost $5,000 in revenue. and that's before you take account of the fact that if people know there's going to be more auditing, they're going to be less prone to cheat so if we simply don't try to crush government, but try to fund government, not in some new, exotic, big government way, but essentially in the way it was at the end of the day of the george w. bush administration, we can generate very substantial revenue along with using modern technology to target that enforcement in better ways >> yeah. and certainly the irs, i don't know if you've been to their website lately, they could use a little modern technology for sure why do you think this hasn't been a bigger part of the conversation and how likely do you think it is that we actually see some of this fund ging go to that agenc, given the fact that congress as we speak is in the process of pushing through another resolution it can't even get the fiscal 2020 budget appropriate

and then on top of this, she wants to unleash the irs. the internal revenue service to crack down on all american taxpayers. do not be deceived. if you are an american, the end of the he'll live warren healthcare plan, you will pay more, you will wait longer, for worse care. so the final decisions were made last week to locate where to locate, the two big egg research agencies, the location for the next ten years or so will be in kansas city missouri. as of the only usda agencies that didn't have representation outside of washington and that also puts in within three hours of land-grant institution partners and brother partners and what they do. i say it is a great move and i say the decision by the secretary of agriculture and the president to move those agencies harder and closer to where their logical partners are and is the great idea. it is also somebody pointed out to me today, the only time since bob burr was elected to the senate, as monday people moved out of washington and didn't go to west virginia. so it is a big step in that d

that was another turning.on the irs, i found the paperwork when they were sued in the irs took me aliensollars away from them. they had a cello lot of those properties. you are talking about it in ey1995, some of it before then o is a lot more her name. worth a lot more her name now. >> one more thing. also because they married enter, the greater the religion by having large families married each brother and there's genet genetic, diseases that are found amongst them way out of proportion to the general public. is any evidence of that sort of thing. [inaudible conversation] >> were going to bring a microphone over to you. all that talk. >> there was some instances where families and the jones family, they did marry families and even in georgia, there was one where cousins married and the children were very disabled. some that were mentally challenged very mentally challenged. some the children were causally carried. into the teens were carried by the parents because he couldn't walk. so yes it did have that. >> so i learned a little bit myself today. see, i get e-mails, five a day. from

that has drawn the ire this morning. counter managers if that legislation goes forward. a. >> they are threatening retaliation if what they see as the u.s. meddling continues by trade privileges to whether or not the chinese get violent with hong kong others. nurse. the line out of china this morning is that they feel like this is that u.s. impeding on china's sovereignty of course the senate can do what it wants. now you have to go to the house and if it is past that it would come over here to the white house for the president to sign or veto and you would have to wonder if he gets to that point tell all of that would play out and how that may or may not impact the trade talks between the u.s. and china. blake, good to see you. president trump also taking aim at house speaker nancy pelosi. claiming she's hope holding up the deal over impeachment. >> the woman is grossly incompetent. all she wants to do is focus on impeachment which is just a little pipedream she's got. she is using u.s. embassy because she doesn't have t

>> reporter: every year the irs takes into account the right of inflation.plies that in flakes right on the statutory or set limit of the tax code. for almost 90% of fail lers who take the standard deduction, good nais. tax year 2020, the standard de ducks foremarried filing rises to 24ous $800. that is up four hundred dollars from this year. for singles and those filing separately. >>> there are also a number of adjustments to the ranges of income on which tax rates a play. >>> so jill now that way have those numbers memorized what are the new limits for retear. plans? >> let's say an employee based plan, a 401k, a 40 3b, 457 or maybe the government's savings plan. you're going to be able to contribute a maximum of $19,500 next year. that is up 500 dollars from this year. the catch up contribute because if you're over the age of 50 you'll be able to put in 6,500 dollars, up from $6,000 this year. i put a big, huge asterisk on this. annual contributions to traditional for roth unchanged for this year. you can put $6,000 in. if you're over 50, an extra thousa

. >>> the irs has announced new limits on everything from income limits to retirement plan contributions tax year of 2020. business analyst, jill schlesinger, highlights some of the most common of the 60 provisions. >>> the irs recently announced new limits on everything from income ranges. the agency it then applies that rate to the statutory limits of the tax code. some 60 provisions are affected by the most important one for almost 90% of filers is the standard introduction. the deduction reduces the amount of income on what you have to pay taxes so when it increases, that is good news and it is good news for most toxic players because the standard deduction will rise to $24,800. that is up $400 from this year. for singles and married filing separately, heads of households, 18,006 50. there is also adjustments on range of income. as as limits for employer-based retirement plans. if you participate in a 401(k), most 457 plans and the federal government's savings plan, you will be able to contribute a maximum of $19,500 next year. that is $500 from 2019. the catch for employees aged 50

weeks deepening relations and inspecting china's biggest investment in the country which has drawn the ire of some european politicians. lisbon's victims of real estate speculators and tourism boom and visa perks chinese investors pile into portugal's housing market. and let it float singles day sales surged past the $1000000000.00 mark within the 1st couple minutes of online trading. and then fizzle and that's the business asian shares have started the week on a week a note investors are worried about more violence in hong kong and there is the continuing uncertainty over whether the united states and china can find a truce in their trade war us president don't trump sounded mistake over the weekend telling reporters talks with beijing a moving along beautifully that's more upbeat than a few days ago when he stressed washington would not agree to a full back of terrifying remarks that hit stocks and the dollar just 3 prime minister was in shanghai just last week now his chinese counterpart is in athens to deepen ties xi jinping will pop into the board of praise china's gateway to europe a

. >> if you have the irs do an audit this is the place. because they are strictly prohibited in engaging and campaign work but yet blatantly doing it. i wish everybody realizes that. second, moving quickly about vote harvesting. you may have heard about this term. but basically democrats in legislation have supported the idea to make this law everywhere you go that you do not have to be present to actually vote. picking on this gentleman with an l.a. times story woman who is an undocumented person here illegally going out and collecting ballots from all of you to knock on your door and say i know you didn't get to the polls or fill out your ballot and it is inconvenient but if you just give it to me i will fill it out and turned it in for you. could anything go wrong in that scenario? yes a lot if you look the seats of the republicans lost in the last election there were thousands and thousands of votes that showed up after the deadline that came in oh my gosh miraculously in favor of the democrats. and in proportions that were totally dif

. >> there have been calls in recent weeks to have the irs work harder to close the tax gap.eek, former treasury secretary somers if audit rates went up, that would be an additional tail wind for you, wouldn't it >> especially with turbo tax live where we provide help to customers, that includes auditing expertise, making sure they get help they need if they ever need it it may be a tail wind, but our hope is to do things in a wa that delivers confidence for customers. we partner with the irs to ensure it is a seamless experience, no matter what >> i want to dig more into ai capabilities and machine learning you're applying in terms of services and tools. i am married to a small business owner. tax filing is tough, nuanced what can all of the technology do that human beings can't >> that's a great question i'll use a specific example. when you do payroll and you have to do overtime in payroll, there are so many different industry, county and city codes. when you have to put all of that in manually, the error rate can go up. if you make an error, you get a letter where you're

that's an important question because the irs will ask it when you turn in your tax forms. if you have a business, there are tax deductions. if you have a hobby, there are not. so what's the difference between the two? you have to try to earn money. so, if you're driving for uber, that's pretty much a job, no one will give you grief over that. but if you're a race car driver, is that a hobby or are you trying to make money? you have to be able to prove you're trying to make money if you want those tax deductions. hang on to receipts and try to bill or earn some money throughout the year. remember, the irs >> look at the extended forecast starting next thursday through the wednesday before thanksgiving. you can see over top of us, we have a dome of warm air and usually that means it's going to be dry also. that's what the models are showing. we have that one chance of rain next wednesday, then another dry pattern develops over top of us. you can see just about the entire state is going to be warmer than average. >> thanks. >>> several teams say they plan to attend colin kaepe

when we had people within the irs that i think would have testified otherwise?, the media is going to play this one out, they have to roll it all the way out. what the president did today was not inappropriate. he stated a fact. he is entitled to his opinion. and if this is what they left the hearing with this is the big thing that they had, they had nothing with the ambassador today, nothing. >> sean: steve scalise, that's the point. i mean, devin nunes captured it perfectly. why are you even here? you know nothing? she had absolutely nothing add to this. republican makes a point of order, no, no, no. just like this document in the inquiry. well, we are going to have full fairness at the discretion of the compromise congenital liar adam schiff. we will allow witnesses at the request of the schiff, judge, jury, executioner, i have never seen anything this corrupt. >> it is a soviet style impeachment process. when you look, here we have another day, sean, and another star witness for the democrats who admitted under oath that the president didn't do anything wron

everything he did, sic the irs on the opponents, sic the irs on the media.nded up japanese-americans, kept jews offshore, you love your fdr. would you impeach him, by the woway? of course not, you would celebrate him. i that said, harry hopkins -- and every president has had one of this. harry hopkins lived in the white house.enho harry hopkins conducted foreign for the president and he went around the state department, infuriated the secretary of state, secretary of treasurer, secretary of commerce and conduct foreign policy. talk to stalin, churchill, and he would do all these other things. so i have a suggestion for adam schiff. why don't we retroactively, posthumously impeach franklin roosevelt? that would be justice, ladies and gentlemen. yes, that is it. >> sean: and then i released the, oh, joe biden/ukraine transcripts.en let's see, the flexibility of the tape so the vladimir putin transcripts. the obama/mullahs in iran transcripts, a lot of transcripts to read. great one, great job. new timeslot, every sunday night, new slot at 8:00 p.m. eastern. wh

3200 people was improperly accessed by seven other government agencies like homeland security and the irs and the district attorney's office. it is unclear if the information was used to investigate drivers immigration status. the dmv has fixed that access error. >>> new at 11:00, another delay of the start of the commercial crab season. this year dungeones crab season will start november 22nd, a week later than expected. it is all because they are trying to protect whales from getting caught in fishing lines. they are still migrating. the crab season did start last saturday. >>> a big win for a former endangered specie. channel island foxes were near extinction and they could only be found off the coast of california and at one time only about 100 left. >> the recovery here, is this something that anybody could have predicted, the recovery, the success? >> i don't think so. not to this degree. not this quickly. not with so few disclaimers. it is unprecedented, it is unmitigated and it is the recovery of the -- the fastest recovery of the mammal in history. >> feral pigs were attracted no

they are doing the same with trump, targeting his private irs files. the department of commercial hiring non-u.s. citizens. that's extraordinary. >> prohibited by federal law. you have the census bureau putting out the possibility of hiring foreigners to create the census. we asked for the records, and they said what do you mean? we asked again and again and again. it was a bureaucratic back and forth rather than just responding to our request. the american people deserve to know whether the census is going to be run according to law or if they are going to have census takers who aren't american citizens. the way they were talking, it looked like they were considering hiring an illegal alien to do it as well. lou: it may be ironic to use the tired expression to see if that had that citizenship on the census to see non-u.s. citizens collating that. we can have foreign nationals ask americans whether they are foreign nationals. lou: thanks so much. we appreciate it. ark meadows on the show earlier tonight blasted the radical dimms for their obstructionis

wants to put and additional tax on billionaires and interestingly beef up the irs to make sure that billionairesre paying their fair share. all meamericans will pay more taxes. that's her plan but says americans will not pay one penny more in taxes. it's not the rates, but take-home pay will go up because americans will no longer be paying health care insurance premiums out of paychecks. paychecks bigger and that additional money taxed. >> uh-huh. david, as we're looking at all of joe biden's campaign that came out swinging saying warren is using double-talk, sleight of hand and mantlematicy gymnastics. is it your sense this critique is more about the plan or is it about where we're seeing elizabeth warren in the polls and her rising appeal to voters? >> right. i mean, the heart of that statement from the biden campaign, erica, was about how important it is to be truthful with the american people about your plans and how you pay for them. sort of trying to call into question her character a bit on this, not just the specks of the math eadding up and elizabeth warren is not having it. she's been

rather that was from the persuasiveness of the argument, or the ire of the voters is anyone's guess. >> i think maybe they have had some people talk some common sense into them about not confronting the neighborhood. >> i would like to think we made a difference. [ laughter ] >> reporter: to paraphrase joyce kilmer, i think i should never see a legal brief as lovely as a tree. the city may have seen the wisdom in that and it has got to be driving the lawyers crazy. in berkeley, john ramis, kpix 5. >> the council is still discussing the matter right now. when they reach a decision, we will post an update for you on kpix.com. >>> here is a look at our top stories at 5:30, dozens of san jose high school students walked out of class today to defendant daca. >> not as a supreme court heard oral arguments the president's bid to end protection on young immigrants. several bay area activists joined in the march. right now, students and activists rallying at uc berkeley plaza. let's listen in. >> people of color, someone who was not born here, no! we need to defend daca. we need to defend the

the irs really guards the secrecy of these tax returns.is just not likely that they're going to leak because we haven't seen it yet in a very leak-prone administration. >> but i'm sure the president will be worried of something like that happening, especially if he doesn't win this appeal. >> clearly, he does not want his tax returns released. >> clearly. >> astonished that someone, some rogue hasn't come out and leaked. >> some rogue. >> edward snowden of the irs. i don't know why it hasn't happened yet. >> danny cevallos, thank you. as always. appreciate it. >>> let's get a check of your weather now with our meteorologist. >> we are preparing for winter-like temperatures and the first snowfall for the ohio valley and the northeast. this is that well-defined cold front, you can see temperatures well below average, right now, and currently, 13 degrees for bismarck, no profit or freeze advisories in that area, for the front, it is going to continue to make its way through. ahead of this front is the rain showers that will be sporadic, for o

let's also remember that barack obama coming the middle of investigations we were conducting into the irszi, other things, president obama weighed in regularly. did he intimidaten witnesses by saying there wasn't even a w smidgen of corruption when we had people within the irs that i think would have testified otherwise? come on. if the media is going to play this one g out, they've got to roll it all the way out. with the president did today was not an appropriate. he stated a fact. he is entitled to his opinion. if this is what they left the hearing with, this is the big thing that they have? they had nothing with the ambassador today!g. nothing. >> sean: and steve scalise, that's the point. devin nunes captured itd perfectly. why are you even hear? you know nothing! she had absolutely nothing to add to this. and a republican tries to make a point of order -- no, no, no. i mean, just like this document in the inquiry., oh, we are going to have full fairness at the discretion of the compromised, congenital liar schiff. we are going to allow witnesses at the request of schiff. i mean, he

mohammed drew the ire of the authorities by sending a report about human rights violations in egypt to the un. will there be any other could be the government is banning a lot of human rights activists from traveling abroad because it wants to control the international dialogue it wants to silence critics. just a few days ago mohammed had hoped for a court to rule in favor of his appeal against the travel ban. but the verdict was postponed not for the 1st time. the activist has now been forced to work from home after the authorities froze donations to his human rights organization. but that has not stopped mohammed from investigating government abuse . dishes in prison are worse than ever even worse than under mubarak there is an international policy to deny medical care to prisoners. to be with ahmed ressam the. cairo denies such accusations the head of parliament's human rights committee recently invited the press to the notorious tour of prison on the outskirts of the capital he proudly presented the hospital ward and rejected reports by human rights watch and others detailing mistr

now he said i'm not going to do anything, you know, while it's being looked at by the irs. having said that there was no precedent for that, and complicated. so complicated but from a political perspective what are supporters of the president thinking now that this ruling has come out? >> supporters of donald trump likely won't even flinch at this but i think that politically it's risky terrain, and, you know, tom and chuck and pete were counseling that even if this doesn't go to the supreme court it's not like we're going to be suddenly be analyzing the nuances of his returns and what he didn't pay and this and that. politically though everyone knows what it means to pay taxes and they don't like it. having this issue come up over and over again isn't necessarily a good thing for trump just because it draws into glaring contrast his business practices which are a little complicated and murky, and not so good at a time when he -- his image is already quite tarnished. >> there are all kinds of things, kristen welker, as you well know people have said about, well, if we got th

. >>> and when was the last time you owed the irs nothing? nothing came out of your paycheck. never? so why does fedex not owe anything in 2018. >> congressman jamie raskin will be joining me next. jieam raskil be joining me next where people go to learn about their medicare options before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why...medicare part b doesn't pay for everything. this part is up to you. a medicare supplement plan helps pay for some of what medicare doesn't. call unitedhealthcare insurance company today to request this free decision guide. and learn about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. do you accept medicare patients? i sure do! so call unitedhealthcare today and ask for your free deci

the importance is tax-sheltered annuities is a separate label in the irs tax codes. savings plans are connected of my we are a tax sheltered program on the defined benefit side. that's why i say it's probably not a member's best choice to be more tax sheltered work on their own voluntary-defined contribution plan. it's not about annuities being bad. maybe they are the right thing in a small percentage of our participants. it is an option they have. it is not something that's something to be recommended. it's an option. more importantly because our members for the last 20 plus years have been able to contribute to their account on a tax sheltered basis they will someday receive both a pension and what we legally call here in san francisco an annuity. for accounting purposes they are called both pension and annuity are the words they use together. it's an odd coincidence that we are and all the other members have been investing in a tax sheltered annuity for the last 20-years. that is not an option to consider your first choice when you have your own deferred compensati

and at minimum, they would disclose those biases in the ir reporting. they went would have to make an affirmative decision of whether the rush to be first is more important than actually getting it right. aren't these good things? there's one recent example where i think that rolling back the sullivan standard would have made a difference. just last month, the new york times breathlessly reported that there were new sexual misconduct allegations that have emerged about brett kavanaugh's time at yale. yet, in the times's initial reporting, and i am only picking on the new york times because lee represents the new york times, in the initial reporting, the paper completely omitted the fact that the women woman who was supposedly the victim doesn't even remember the incident and that she declined to be interviewed on this reporting for this topic. that was a serious lapse of journalistic standards to omit these important facts that would have given readers a more fulsome perspective on the allegations themselves. and pre-sullivan rollback, i suspect they wou

. >>> support for impeachment grows, so does the ire president trump unleashes on the whistle-blower that led to the house's investigation. >>> california scorched byhouse. why the president is threaning to withhold federal funding from the state. >>> oklahoma makes history, freeing hundreds of prisoners early. >>> grab a latte with little wait how a new starbucks store is eliminating lines. >>> the ravens ruin the patri patriots' dream of an undefeated season highlights from the shocker. "early today" starts right now good morning i'm frances rivera. >> i'm impeachment inquiry gathering steam on capitol hill, president trump is lashing out at the whistle-blower, calling on the person who set the investigation into motion to go public the whistle-blower's lawyer says that won't happen, but in a surprise move, said his client is willing to answer written questions from republicans house speaker nancy employ spl s to expect hearings to start this week tracie potts has more. >> reporter: the private depositions continue this week with nearly a dozen people called it is not clear if any

the house ways and means committee sued the treasury department and the irs in july to obtain mr. tax returns. the president could file a similar lawsuit in another court. >>> google is working with one of the biggest health care systems on a once-secret initiative. the project reportedly dubbed "project nightingale" is in partnership with ascension. google says it's an effort to cleth information from -- collect information from patients who streamline technology to provide better care. before google revealed the project, more than 100 employees had access to millions of americans' lab results, diagnoses, and hospital records. the company say the initiative complies with federal health law. >>> twitter is asking for public feedback on its deep fake policy plans. deep fakes create realistic videos of a person that appears to do something they did not do. twitter's new proposal includes putting a notice next to tweets that share manipulated data warning users before they like or share the tweet. the microblogging site says it may also remove manipulated tweets if they pose a threat

another time i had no choice but to walk into the irs in denver with more than $3 million in cash in order to pay federal taxes. imagine running a business with hundreds of employees and having to make all payments including payroll in cash. it is difficult and, frankly, it's dangerous. this is something thousands of state legal cannabis companies are struggling with every day. while a company now has more stable banking relationship, we're still far too dependent on cash. since credit card companies refuse to process cannabis transactions, customers are forced to bring cash into our stores. we must hold the cash until it's deposited into our accounts. these are significant public and employee safety risks that could be avoided if cannabis businesses had normal banking relationship. i note that the news about cannabis banking is not all bad. notwithstanding the fact that the department of justice rescinded several member randa regarding cannabis enforcement in 2018. fincen has maintained its 2014 guidance to financial institutions serving the cannabis businesses. of course, from a la

number with the irs. if an organization is not registered with the irs you should probably ask them why and hold off on giving until you get an answer. finally, remember that new federal tax law? yeah, it might limit or completely eliminate your deduction for donations. if a tax write-off is important to you, ask a tax pro before you make a contribution. got questions for concerns about a charity, let us know. 888-996-tips or online at nbcbayarea.com/responds. >> thank you, chris. >>> the big story if you're just waking up is the weather. it is so cold as kro the bay area. >> so cold. >> coming up vianey is timing out a coming storm as well. >> because of that storm, some fire victims now have more worries on their hands. mudslides, you'll hear what's on their minds this morning. plus -- >> it's a little fun to get out there and stand in line and get something you really want. >> start shopping. we're back out live with shoppers getting an early start to save a buck. kris sanchez is out there. you don't w

. >>> support for impeachment grows, so does the ire president trump unleashes on the whistle-bloweralifornia scorched byhouse. why the president is threaning to withhold federal funding from the state. >>> oklahoma makes history, freeing hundreds of prisoners early. >>> grab a latte with little wait how a new starbucks store is eliminating lines. >>> the ravens ruin the patri patriots' dream of an undefeated season highlights from the shocker. "early todayar

drew the ire of the police officer's association which paid for ads attacking him. much tighter race in supervisor district 5. preston has razor thin lead on brown and declared victory. waiting to know if 147 votes is enough. used ranked choice voting to determine the winner. the "san francisco chronicle"'s insider is big part of build a better bay area coverage, including upcoming series and town hall we're hosting about fremont. tune in abc7 starting november 18th. >>> construction worker in the hospital after a fall. 40 feet from a platform to the ground between mission and market streets te last official update in sio condition. >>> east bay, two people in homeless camp were shot with arrows in richmond. san francisco bay trail near central avenue. one hit in leg, another in stomach. both went to hospital and are recovering. woman with them was not hurt. district police say witness statements have helped identity a person of interest in the case. >>> video of b.a.r.t. police detaining a man eating a sandwich on train platform is sparking outrage with the public.

freefall.by ontrast, the economy under bill clinton in the late '90s was as good as it has been int the ire 20th century. and so, his approval ratings, evenuring impeachment, never dropped below 60%. in trump's case, his approval ratings generally are lower than they should be given the state of the econo. so you could say that if something were to turn in the next couple of months, if the economy were really to sour, that could be a real problem for trump maintaining the base that he d >> thompson: all right, jeff greenfield, thank you so much, as always, for being here. >> nice to be here. >> thompson: for the latest on the impeachment inquiry and the 2020 presidential race, visit www.pbs.org/newshour. >> thompson: a federal judge in oregon has blocked a trump administration proclamation that would require immigrants to provide proof of medical insurance to obtain a u.s. visa. yesterday, u.s. district court judge michael simda granted a 2temporary restraining order on the policy that was set to. take effect tod under the rule, embaies would not grant visas to immigrants if they could not

bean counters draw the ire of coffee lovers in switzerland and a mighty row is brewing over the country'smergency supply of coffee. in business: body positive fashion — how india is waking up to the $4—billion plus size market. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. and you can be part of the conversation — would you be prepared to sit in a plane for nineteen hours — or would it drive you mad? tell us what you think, just use the hashtag #bbcthebriefing. after 19 hours and 19 minutes in the air, the longest and, at over 17,000 kilometres, the furthest passage flight has landed in sydney australia, having flown from london. it was a test flight run by the airline qantas, to research the feasibility of the ultra long haul route and the impact on travellers and crew. the bbc‘s lukejones was onboard. the first london to sydney flight 100 years ago took 28 days. this will sunrise flight did it in 19 hours and 19 minutes. this plane is almost spookily empty. there is only 53 of us on board because that is as many it can carry t

the president has cited an audit from the irs is a reason that he wants to keep his returns private. well on to national headlines now congress now has until december 20th to come up with a federal spending plan government funding was set to expire yesterday president trump. he signed a new spending bill preventing the government shutdown now the bill extends government funding through next month, setting up a fight over money for trump's border wall well, this is the second spending bill that congress has been forced to pass as for the 2020 budget year since last month. don the proper morning news. we're talking about november, which is all time mers awareness month. dick and touching story in order to raise a word. before we go a little peek outside calm and quiet on city streets in san francisco. it's just call. >>so and a lot before you head outside word. 51 in san francisco, but cooler in places like santa rosa 3rd 38 degrees right now 41 in napa 42 in livermore 45 in antioch we'll check those afternoon highs it's going to warm up. we'll check those 5 coming up after the break.

audits of wealthy have fallenen more than half over the past decade as the irs cuts staff.2% of those maki more than $1 million a year were audited. somers said investing $100 billion in stronger enforcement, better technology and improved third part reporting would yield over $1 trillion in revenue. generating $11 for every single taxr dol spent. politicians on both sides say they agreee that mor enforcement would be better. but coness has yet to allocate what many say is adequate funding. >> the socds the united states has one of the most progressive tax codes in the world when it como collection from the rich. we're collecting from the rich just not enforcing all the collection we could be doing. agains in a resources problem. cigarettes needs to get its act tooth together and put money there. >> the treasury departme saying to cnbc saying the administration agrees that the reducing the tax gap is an important goa it wants congress to approve measures in the next budget improving enforcement and oversight. for "nightly business report," i'm >>> and before we go one final

china's biggest investment in the country has drawn the ire of some european politicians. lisbon's victims of real estate speculators a tourism boom and visa perks see chinese investors pile into portugal's housing market. and let it float singles day sales surged past the bills.

i spoke with the irs commissioner and read it yesterday i think they are committed to keep this moving. we have regulatory certainty you are committed to helping with those things as well. >> that is correct. the secretary sent a letter just recently as a matter of fact. we are urging them to complete their work on finalizing this. >> at the scientific aspect to this.as >> that's right. and they thought our help as well and we have provided it. i hearken back to the words of the folks like the international energy agency in paris. he called this a game changer, and we feel strongly that it is as well, so we are going to continue. to work with the irs o finalize the rolling and we're also going to work within the department of defense the to technology so that it becomes more efficient and cheaper. that is what we really need to do. >> that is right it is a game changer if wewh make this work e will be able to capture the co2 on things like the coal-fired electric andnd others. that isn't just something that will happen in the united states, it will happen around the world. it's a big d

the irs just released an update on what next year's tax rates will be. deirdre? deirdre: okay. e graphics we can show everybody. basically, what happened, those are a lot of lines there but essentially, i did a lot of calculations. whether you are a single filer, whether you are a married couple filing jointly or whether you are married individuals but yet filing separately, essentially all of these numbers have gone up, the ones you will file by the way in april 2021, they have gone up on average about 1.6%. i sort of did the average for all those categories. stuart: here's where you need your iphone. whip it out and take a screen shot of what's on your screen right now so you can refer to it later. deirdre: essentially the income level you will be taxed at has been increased by 1.6%. you think you are going to make more and you are happy with that, the government will be taking more. stuart: by the way, okay, you don't need to use your iphone. go to foxbusiness.com, where the full story are listed. bottom line is, they have shifted the tax brackets so you pay a little bit more

the agencies include the irs, the small business administration, and district attorneys in santa clara and san diego counties. >>> wal-mart amountainnounced a unlimited delivery program. pay6 month for delivery service. the delivery service will be available in more than 50% of the country by the end of this year. >>> starbucks opened its first mobile pick-up store in the u.s. the store is located near penn station in new york city. you order through your app before you get there and you look for your name on the board and grabista the scenes. >> i don't know about all that. >> no? >> i like a person being there. like seeing the person. >> you already do the mobile order. >> i know, but i still -- i still occasionally will not do the mobile order and get in line to see my people. >> that's good. i think it depends. sometimes you want to get in and out. the line can be long sometimes. mike, what do you think? do you like human interaction or take it from a robot? >> depends on what day it is. >> see? >> that's fair. depends the mod i'od i'm in. i can see how that could be beneficial to

bean counters draw the ire of coffee lovers in switzerland and a mighty row is brewing over the country's

volunteers, now each agency will be able to boost staffings with eight firefighter s firefighters. >>> the irs. homeland security was given data to nearly 200 people including records for people who were in the country illegally, but applying for special licenses. a dmv spokesperson says it has been informing drivers about what happened. >>> santa clara county supervisors are considering conservative ship law, people who are mentally ill. half a dozen, saying the city's mental health issues have reached prices of epic per portion and want to enact laura's law. our mentally ill services the city cannot provide. >> five other bay area counties have already enacted laura's law, it's been successful. >>> we have new information about a man killed by san jose police on thursday. police say 33-year-old francis colon had two outstanding warrants, and also meth in his system when he died. he appeared to be drawing a weapon when an officer shot him. the weapon turned out to be an air soft replica barrette a handgun. police say he wanted to make suicide by cop end quote. body camera video will be made a