Godlike Productions - Conspiracy Forum
Users Online Now: 1,188 (Who's On?)Visitors Today: 240,882
Pageviews Today: 346,508Threads Today: 87Posts Today: 1,969
03:44 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Bush tax cuts are dead. Long live the Obama tax cuts.

 
waht
Offer Upgrade

User ID: 24118278
United States
01/01/2013 11:18 PM
Report Abusive Post
Report Copyright Violation
The Bush tax cuts are dead. Long live the Obama tax cuts.
WASHINGTON (MarketWatch) — After a day of wrangling, the House of Representatives voted Tuesday night to pass a bipartisan deal undoing the fiscal cliff of austerity measures, which began going into effect at the start of the year.

The final vote tally was 257 to 167, though a majority of Republican House members voted against the bill.

The passage came after the Senate approved the measure by a large bipartisan majority of 89-8 in the wee hours Tuesday morning, as lawmakers scrambled to avert much broader tax hikes and heavy spending cuts.

The bill now heads to the White House, where President Barack Obama is expected to sign it into law.

The deal raises tax rates on household income above $450,000, extends unemployment benefits, and delays across-the-board spending cuts for two months, but it also lets a 2% payroll-tax cut lapse.

Tax rates will rise to 39.6% from 35% currently on individual incomes of more than $400,000 and on couples’ incomes over $450,000.

The deal also does nothing to address the U.S. borrowing limit, which was officially reached Monday, forcing the Treasury to take special measures to delay insolvency for the U.S. government.

[link to www.marketwatch.com]
Anonymous Coward
User ID: 31307050
Australia
01/01/2013 11:21 PM
Report Abusive Post
Report Copyright Violation
Re: The Bush tax cuts are dead. Long live the Obama tax cuts.
wow.

your multi millionaire's tax level is now equal to that of our common working man.
Anonymous Coward
User ID: 26646277
United States
01/01/2013 11:23 PM
Report Abusive Post
Report Copyright Violation
Re: The Bush tax cuts are dead. Long live the Obama tax cuts.
That will fund obamas spending spree for three days.
Stop spending money we don't have.

News








Proud Member Of The Angry Mob