Monday, December 31, 2012

Cliff Deal Would Extend Tax Cuts , Do Little Else

    For those of you who believed the hype that the world as we know it would end at midnight...relief at last.
This Happy Pair Negotiated the Deal
    Looks like a compromise tax package and no commitment to spending cuts...A deficit-forever package, but one that makes permanent the tax rates for all but the highest incomes...
    But remember, your FICA tax goes back up and that's worth about a grand to most of you.
    While Congress might take a couple days to complete the voting, it looks like the deal is done for now...Until the next "cliff" in a month over the borrowing limit...
      Meanwhile, best wishes to all of your for a happy and safe holiday and a great 2013.
Cliff Deal Would Extend Tax Cuts For Households Up to $450,000 - NationalJournal.com

No comments:

Post a Comment