Category Archives: Tax

State Of The Union 2013 –

The 2013 State of the Union was delivered on February 12th, 2013 at 9 pm.  The White House site provides the State of the Union Address and outlines for the economic plan.  The State of the Union Address lasted slightly more … Continue reading

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Fiscal Cliffhanger –

Republicans and Democrats are expected to return on New Year’s Eve to continue negotiations.  Republican Senator Lindsey Graham was upbeat about the chances of reaching an agreement before January 1st.  The Senate agreement may include tax increases for couples earning more than … Continue reading

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Consumer Confidence Falls –

Consumer confidence continued to fall as the nation gets closer to the deadline for the fiscal cliff.  The twelve month outlook and expectations of consumers also fell sharply in recent surveys.  Currently, Republicans and Democrats are far apart in negotiations relating to … Continue reading

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Congress Passes Payroll Tax Cut –

Congress passed a measure to extend the payroll tax cut for the remainder of 2012.  The measure passed the House 293-132 and the Senate 60 -36.  In the Senate, 14 Republicans voted for the measure and 5 Democrats and 1 Independent … Continue reading

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Payroll Tax Floor Vote –

The House and Senate could vote on the payroll tax deal as early as Friday.  Four Democratic Senators and all 13 House Representatives at the payroll tax conference signed the agreement.  Republic Senators did not sign the agreement but that should not … Continue reading

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Republicans Propose Payroll Tax Cut Extension –

Republican leaders in the House are supporting the extension of the payroll tax cut without reductions in spending.  This clears a major hurdle in negotiations to extend the payroll tax cut which applies to 160 million workers.  The payroll tax … Continue reading

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Gingrich Takes South Carolina –

Newt Gingrich won the South Carolina primary and has the lead in delegates for the Republican Presidential nomination.  Gingrich finished with 40% of the vote and gained momentum heading into Florida.  Romney came in second with 27% and Santorum finished in third … Continue reading

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House Set To Approve Payroll Tax Cut –

House Republicans are set to approve a two month extension of the payroll tax cut.  House Republican John Boehner has come to an agreement with Democratic Senator Harry Reid.  The agreement would extend the tax cut for two months and begin … Continue reading

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Payroll Tax Cut Extension –

The Senate passed a two month extension of the payroll tax cut.  On Saturday, the measure passed the Senate with a vote of 89-10.  The payroll tax cut amounts to a two percent drop from 6.2% to 4.2%.   An increase in fees … Continue reading

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Budget Deal –

Republican and Democratic officials have agreed on a spending bill through October 1st 2012.  Specific details of the agreement are expected to be released on Tuesday.  The measure still requires approval of the Senate and the House of Representatives.  The current spending bill … Continue reading

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Payroll Tax Bill Blocked By Senate –

A measure supported by the Democrats that would cut the payroll tax was blocked in the Senate.  The bill only received 50 votes and needed 60 votes to move forward.  The payroll tax on the first $110,100 would have fallen to 3.1% from … Continue reading

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Euro Zono Fiscal Policy –

The integration of fiscal policy is an important step for Euro zone countries in solving their debt crisis.  A recent plan would utilize bilateral agreements instead of changing European Union treaties.  Bilateral agreements could make implemention of fiscal policy changes faster than the time … Continue reading

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Debt Super Committee –

The debt super committee has 10 days left before the November 23rd deadline.  The 12 member committee comprised of six Democrats and six Republicans must come to an agreement by the deadline or automatic spending cuts will take effect.  In addition, inaction … Continue reading

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Government Shutdown Showdown –

The Senate voted 59-36 against a House spending bill.  The Republican bill in the House was designed to cut $1 billion in spending to pay for disaster relief.  Senate Democrats are expected to move for a vote on an alternative … Continue reading

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Debt Concerns Grow –

World leaders are meeting this weekend to discuss the debt crises in Europe and the United States.  The downgrade of U.S. debt by Standard and Poor’s on Friday will test the strength of financial markets.  Also, markets may negatively react if the … Continue reading

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