Sunday, January 6, 2013
Are you expecting to see more or less in your paycheck this year? Do you think Congress blew it? Should there have been more spending cuts?
I don't know about you, but I'm not one of those folks worrying about the "tax increase for the rich" that was conceived in the fiscal cliff deal lawmakers finally approved on Day 2 of the new year. I'm not making $400,000 a year. Combined, my wife and I are nowhere near $450,000 a year. So, no worries. But for all the talk about "protecting the middle class," I'm apparently about to see a change in my take-home pay, thanks to the Jan. 2 deal that averted large across-the-board spending cuts and automatic reversal of some tax cuts. "Technically, income tax rates that were set to go up were actually left alone, except for individuals and couples earning more than $400,000 and $450,000 respectively," according to this Yahoo! Finance article …
Wednesday, January 2, 2013
The U.S. House went along with a Senate plan Tuesday to address expiring Bush-era tax cuts while delaying spending cuts.
The U.S. House of Representatives voted late Tuesday night 257-167 to endorse a Senate vote early Tuesday morning on a bill to avert the so-called "Fiscal Cliff", as tax cuts passed when George W. Bush was President expired January 1, in addition to automatic spending cuts which were delayed. A complete list of the yeas and nays can be found on the website for the House of Representatives. Of those who represent the greater St. Louis region, Democrats William Lacy Clay and Russ Carnahan, along with Republicans Blaine Luetkemeyer and Jo Ann Emerson voted yes, while Todd Akin voted no. Kansas City area Congressman Sam Graves was one of six House members who did not vote. The Senate legislation passed early Tuesday 89-8. U.S. Senator Roy …
Tuesday, December 11, 2012
Drastic cuts would imperil nation’s leadership in education and research.
If Congress and President Obama do not reach a compromise before the end of the year to avoid the ‘fiscal cliff,’ it will have major consequences on Washington University in St. Louis as well as other universities and colleges across the country, say WUSTL administrators. Read Chancellor Wrighton’s letter to the congressional delegation. Chancellor Mark S. Wrighton and other Washington University administrators have been actively working to impress upon the country’s leaders and the public what billions of dollars in looming tax increases and spending cuts in 2013 would mean to Americans’ health and to the economy. Wrighton recently sent a letter to Missouri’s congressional delegation, including U.S. Senators Claire McCaskill and Roy …
Tuesday, November 27, 2012
Lew Prince is asking lawmakers to let tax cuts passed during the George W. Bush administration expire.
As White House negotiators and Congressional lawmakers negotiate how to avoid the much-discussed "fiscal cliff" that could come January 1 without agreements on how to avoid automatic spending cuts, a University City businessman is adding his voice to the Washington, D.C. debate in person. Lew Prince, an owner of Vintage Vinyl, is at the White House Tuesday and is scheduled to be among those meeting with President Barack Obama, KSDK TV reported. Prince was one of several St. Louis area business members who signed a letter organized by an organization called Business for Shared Prosperity, urging Congress to end tax cuts for people earning more than $250,000. Other St. Louis signatures include Wes Coulson of Creve Coeur's Coulson Elder Law …
The Missourian
4:50 pm on Monday, January 7, 2013
KCF: "From '95 to '08 (14 years) the Dems were in control of both houses of Congress a total of 2 years: '07-'08 - the last two years of Bush's presidency. Since 1995, there have only been 4 years total of Democratic House majorities in 18 years." more ›