Bush tax cuts
WASHINGTON (AP) — Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief.
WASHINGTON (AP) — While the tax package that Congress passed New Year’s Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
WASHINGTON (AP) – The White House is rejecting a Republican counteroffer aimed at averting the “fiscal cliff,” saying it does not meet what the White House calls “the test of balance.”
The “fiscal cliff” is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs. Here is a list of what the fiscal cliff includes.
WASHINGTON (AP) — Austere “fiscal cliff” tax increases and federal spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to […]
WASHINGTON (AP) — A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire […]
WASHINGTON (AP) – A spending bill required to avoid a government shutdown at the end of the month has cleared a procedural hurdle in the Senate. The bipartisan 76-22 vote is the first step toward […]
WASHINGTON (AP) – Congress returned to Washington on Monday for an abbreviated pre-election session in which it appears likely to do the bare minimum: making sure that the government doesn’t shut down. Almost everything else […]