Wednesday, January 2, 2013
Dold chairs some of debate as term draws to a close.
North Shore members of Congress joined forces in unusual ways Tuesday to help the country avoid the fiscal cliff after weeks of drama, threats and fear as the U.S. Senate and House of Representatives voted New Year's Day to avert higher taxes for most Americans. After the Senate made its move in the wee hours of the day with an 89-8 tally, the House voted late Tuesday, 257-167, to pass the measure with Rep. Jan Schakowsky (D-Evanston) and Rep. Robert Dold (R-Kenilworth) on the same side for one of the few times in the 112th Congress. Earlier: What falling off the fiscal cliff could cost you? That heads off tax increases for about 99 percent of Americans, the Los Angeles Times reported. Dold joined only 89 other Republicans—and 167 …
Tuesday, January 1, 2013
After close call, the agriculture committee reveals compromise so milk prices won't double in 2013. Prices were expected to hit $6 to $8.
While Congress can't seem to agree on a compromise to avoid the "Fiscal Cliff," leadership of the agriculture committee announced a compromise on the farm bill Sunday. The compromise will keep milk prices from skyrocketing to $6 or $8 a gallon. Senate Agriculture Committee Chairman Debbie Stabenow indicated that in addition to the one-year extension that has the backing of the committees, the House GOP is also considering two other extension bills — a one-month extension and an even smaller bill that would simply extend dairy policy that expires Jan. 1, reported the Associated Press on the NPR site. Dairy subsidies under the 2008 farm bill expire on Monday and without a bill in place, prices paid by the government to farmers would revert …
Sunday, December 30, 2012
Tax rate increases and federal budget cuts are set to go into place on Jan. 1 and could cause another recession.
It appears that automatic federal tax increases and budget cuts will occur Jan. 1, CNN reported. The so-called fiscal cliff is a crisis created out of politics. Without congressional action, the Bush tax cuts will disappear and tax rates will rise across the board. According to the National Federation of Independent Business, the 10 percent tax bracket will disappear. Also, the 25, 28, 33 and 35 percent rates would become 28, 31, 36 and 39.6 respectively. A single person with two exemptions earning $50,000 per year will see income taxes increase from $7,103 to $8,551 per year, according to a fiscal cliff calculator published by Bankrate.com. If you want to know the affect on your income, use the Bankrate.com calculator to plug in the …
Thursday, December 27, 2012
If Congress fails to pass an extension of the Bush era tax cuts by midnight Monday, American paychecks will get smaller. You can use the fiscal cliff calculator to see the impact on your paycheck.
With leaders of Congress becoming more and more skeptical a deal will be reached before midnight Monday to avoid the fiscal cliff, it becomes more likely American paychecks will get smaller Tuesday, according to a story in today’s New York Times. “I have to be very honest,” Senate Majority Leader Harry Reid said in the New York Times article. “I don’t know time-wise how it can happen now.” The Senate reconvened today in an unusual session between Christmas and Jan. 1. Even if the Senate passes legislation, the House of Representatives will not come back into session until Sunday barely 24 hours before the deadline, according to a story today on Politico. If no deal is reached, a single person with two exemptions earning $50,000 per year …
Danni
9:50 pm on Wednesday, April 10, 2013
Patch: there is some benefit to your uninformed and propagandist publication; the intelligent comments from the Jims and Chrises and Jacs inform those readers who are low information voters. Jan Schakowsky stood on the Supreme Court steps immediately following the decision on Obamacare constution decision to force us to purchase a product or be fined, and she said, "I want to see all Doctors … more ›