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Topic: What the "fiscal cliff" bill
means to taxpayers |
What the "fiscal cliff" bill
means to taxpayers
CBS News, by Jill Schlesinger
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Original Article
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Posted By:JoniTx, 1/2/2013 7:55:59 AM
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| The Senate passed a deal to address the so-called "fiscal cliff" 90 minutes after the midnight deadline by a vote of 89 to 8. The bill then moved to the House of Representatives, which passed the measure 257-167 late Tuesday night. In addition to the tax changes, the Senate and House agreed to a two-month delay in addressing $110 billion in government spending cuts (aka the "sequester"), which were due to go into effect Jan. 2. Some government agencies had already made arrangements to comply with the cuts, not knowing whether or not a deal would occur.
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Reply 1 - Posted by:
Jethro bo, 1/2/2013 8:47:39 AM (No. 9094360)
Details of how the Congress and White Hut occupier screwed us. This is a bad deal. Increases debt, does nothing to cut spending and is loaded with giveaways to buy Dem votes.
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Reply 2 - Posted by:
stablemoney, 1/2/2013 9:12:25 AM (No. 9094418)
Thanks for the 57% increase in capital gains taxes. That will erase the wealth of those old people who make nothing on interest rates, now nothing on stocks, who can now live on Obama food stamps.
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Reply 3 - Posted by:
Marzon, 1/2/2013 12:34:25 PM (No. 9094846)
Interesting how the article calls one credit the "Obama Opportunity Tax Credit" and then later in the article we find out its really called the "American Opportunity Tax Credit". Ein Volk, Ein Reich, Ein Furher!
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