70 1/2. this has to be a flat-out disappointment for democrats and terry mcauliffe. norfolk city, kamala harris went down there a week ago. they had a big rally. you d expect strong african american vote. deep democratic roots in norfolk. he s just not turning the trick in that part of the state tonight. the other one i d say is fairfax. i don t know what is happening with the outstanding 43%. that percentage breakdown here seems to be on par for historical concerns in fairfax county. i m curious. i ll show it to you. 70-28 biden to trump four years ago. all right. 68 to 31 northam over gillespie. he s running well in fairfax county. that s why we ve been hesitant to make a call there. does that help? everything helps. at one point we used to call it
extended to the epa, specifically when we see the abuse by the epa in this administration. reporter: this rule goes on the books september 2nd unless epa says it receives adverse comments by august 1st, in which case it said it would withdraw the rule. we asked how many adverse comments were required, and epa told us, quote, any. officials there also confirmed they have received such comments today. so the fate of this rule, doug, appears at this point very much up in the air. thank you, james. stocks were down today. the dow lost 70 1/2, the s&p 500 off 8, nasdaq fell 23. the white house says it is talking with the german government about its decision to kick out the cia station chief in that country. the move comes amid allegations that two men have been spying for the u.s. relations with germany, are already very tricky. after revelations that the national security agency had been monitoring angela merkel s cell phone. this is a fox news alert.
effect. americans have used that in the past. 4 million americans got tax hikes. also ira distributions to charity. people older than 70 1/2 are required to take distributions from the ira. this allowed them to contribute money directly to charity without counting it as income. impacted a lot of people. those people got a tax hike. companies that hire veterans, this is shocking. so many, they are no longer allowed. with this expiration, to deduct there either. the motivation for many. yeah. watch throughout the day and over the next couple of weeks, how many other channels are telling you about the 55 tax hikes that went into effect on the 1st of january? heather nauert, there is no bill. my husband and i were going through things over the weekend, holy cow, we got a lot of tax hikes hitting us. you two are speaking again? yes. yes. it s a new year. after you were flirting with all the gals.
law of the few. easy to give tax breaks when a group is relatively small because it is affordable. but as we baby boomers age and there are a lot more of us, that is where the money is. and of course the politicians are coming after where the money is. that s what you re seeing. jon: but seniors also vote. can t they, you know, undo some of this at the ballot box? well, they could. there is no question about it. but on the other hand, you know, there is, there will be that tension. in some states they may end up voting against this sort of thing. but meanwhile the politicians will go where the money is. you will see them limiting certain exemptions. for example. the amount of money some states exempt from income tax. to some degree the amount of money, income you get from the 401(k)s or ira s, which remember have been saving up tax-free over the decades. then when you re 70 1/2 to begin to pay those down. jon: what about social security? there are slightly more than half the states t
aggressively save for retirement to do whatever catch up you need. gretchen: take advantage of your 401(k) and invest for long-term. this really affects retirees because what s the age where you start taking out of your 401(k)? you can start taking out at 59 1/2. you re required to on an ira, begin at 70 1/2. but what you want to do is try to set up your portfolio and nest egg where you really don t have to withdraw on it until you have to so that that tax deferred or tax free growth will continue to grow. gretchen: very good. let s go to some e-mails now because laurie in new york city has this question. i m 62. i have less than $100,000 for retirement. i just sold my condo in florida. where should i put my money so it will grow as quickly as possible? well, the one thing you don t want to do is panic and try to get rich quick at 62. that s a bad idea. so let s just do good, solid investing. i use for long-term investing, good growth stock mutual funds. at 62, i would spread i