by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Here’s a roundup— Unemployment benefits are extended for an additional year benefiting approximately 2 million out of work Americans. Tax credits for college tuition, created by the 2009 stimulus package, are extended for five year, benefiting some 25 million low...
by Jane Richey | Nov 8, 2012 | Fiscal Responsibility, Politics
On December 31, 2012, a large swath of the federal income tax code is scheduled to expire, an event which has come to be known as the “fiscal cliff.” Among the expiring provisions are the 2001 and 2003 tax cuts enacted under President Bush, a compromise on the estate...
by Jane Richey | Nov 1, 2012 | Fiscal Responsibility, Politics
More than 30 million households could be hit with the Alternative Minimum Tax (AMT) if Congress doesn’t take action after the election, adding another pressure point to talks on the “fiscal cliff.” Democrats and Republicans agree that Tuesday’s election will go a long...
by Jane Richey | Mar 20, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
House Republicans will slash personal income taxes to a 25 percent top rate and a 10 percent lower rate as part of their fiscal 2013 budget proposal to be released Tuesday. The proposal would also lower the top corporate tax rate to 25 percent, and scrap the...