fiscal cliff

Word on the Hill is those ‘Fiscal Cliff’ negotiations got real! Speaker of the House, John Boehner, (R-Ohio), and Senate Majority Leader, Harry Reid, (D-Nevada),…

Yes, your taxes are going up. But you dodged a much bigger bullet. Those increases are relatively modest compared to what the fiscal cliff would have imposed, however.The last-minute ‘fiscal cliff’ deal to reverse Congress’ ruinous, self-inflicted package of federal tax increases and spending cuts will raise the average American household’s tax bill by $1250 […]

The nation is in pins and needles trying to figure out exactly what “going over the fiscal cliff” means for the average middle income family.…

A full two hours after a midnight deadline, the Senate overwhelmingly passed a deal Tuesday to avert the feared fiscal cliff on an 89-8 vote. The Senate package would put off budget cuts for two months and preserve Bush-era income tax cuts for individuals earning less than $400,000 or couples earning less than $450,000. The […]

If Washington politicians can’t reach a last-minute deal, 2013 will begin with a big batch of tax hikes and cuts in government spending that could…

Secure in the mandate that he was given in a landslide victory over Mitt Romney earlier this month, President Barack Obama is making it very…