by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The House voted late Tuesday evening, in a rare holiday session, to pass a fiscal cliff bill brokered without the involvement of the GOP majority and with far less than half of their votes. The bill (HR 8) was amended by the Senate in the early morning hours on an...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO). The CBO determined Tuesday that the package, hammered out late Monday...
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 | Jan 1, 2013 | Fiscal Responsibility, Health Care
The fiscal cliff deal contains a one-sentence provision that would block a scheduled cost-of-living adjustment for representatives and senators that is due to take place when the continuing resolution under which the federal government is currently operating expires...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate early on New Year’s Day voted overwhelmingly in favor of a fiscal cliff deal that would extend tax rates on annual household income under $450,000 and postpones automatic spending cuts for two months. The bill was approved in an 89-8 vote that came...