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CONTINUING COVERAGE

CONTINUING COVERAGE

Weather Alert

SEVERE WEATHER TODAY


Tornado Watch in effect until 4 PM for Travis, Williamson, Hays, Burnet, Blanco, Gillespie, Llano, Bastrop, Caldwell, Lee and Fayette counties and for Mason and Milam Counties until 6PM.

Severe Thunderstorm Warning for Mason county until 12:30PM
Flash Flood Warning for Gillespie & Llano counties 'til 1:15PM and for Eastern Llano and Burnet counties 'til 2:15PM, for Southwest Gillespie counties 'til 2:30PM.
Flash Flood Watch for another 1-4" possible rain in effect 10AM Monday through 1AM Tuesday

River Flood Warnings including the Blanco and San Marcos Rivers.

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Turn Around Don't Drown. Interactive Radar: http://tiny.cc/iradar Road Closures: http://www.atxfloods.com/ Rain Reports: http://hydromet.lcra.org/full.aspx#

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Politics

Politics

 
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Romney Looking At Different Caps On Tax Breaks

Updated: Wednesday, October 3 2012, 09:21 PM CDT
(AP) Mitt Romney's idea to impose a $17,000 limit on taxpayer deductions would hit the wealthy the hardest. But that limit by itself wouldn't fully make up for revenue lost in Romney's plan to reduce all income tax rates by 20 percent.

Campaign officials say the ceiling on deductions is part of a three-pronged approach that Romney is considering. The idea is to limit tax breaks in order to pay for lower overall tax rates. Romney says his plan would reduce the top tax rate from 35 percent to 28.

The officials say Romney is also considering limits on the standard exemption that most taxpayers claim and the tax exclusion for employer-backed health insurance.

The officials spoke on condition of anonymity to discuss details of the plan that Romney hasn't announced.Romney Looking At Different Caps On Tax Breaks


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