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 …
Tuesday, January 1, 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 …
Thursday, December 27, 2012
The financial deadline looms in Washington, with no deal yet made. Check this primer, and share your questions and thoughts.
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Thursday, December 27, 2012
With Christmas 2012 over, one reality check is that the looming "fiscal cliff" deadline is just a few days away. On December 31, tax cuts dating to the George W. Bush presidential term are scheduled to expire, and President Obama and congressional leaders have not reached a compromise. Of course, that means tax bills would increase for many middle- and upper-class taxpayers. And that means paycheck withholding for many workers would change, leaving them with less take-home pay in the new year. -- Do you think President Obama and Congress will reach a "fiscal cliff" deal? How would a tax increase affect your spending? Share your thoughts in the comments below. Apparently, though, there will be no immediate change in withholding tables, …
Friday, December 14, 2012
The next U.S. Representative for Missouri's 2nd District, Ann Wagner answered Patch users' questions in a Thursday afternoon interview
The tweet came down Thursday from House Majority Leader U.S. Rep. Eric Cantor (R-Va): "The House will not adjourn the 112th Congress until a credible solution to the fiscal cliff has been announced." As negotiations to avert deep automatic spending cuts and tax increases beginning January 1, House Speaker John Boehner and President Barack Obama met at the White House Thursday. Representative-Elect Ann Wagner, meanwhile, is one of 70 incoming freshman in the 113th session, sitting interested, waiting in the wings. The Ballwin Republican sat down with Patch Thursday afternoon in her former campaign headquarters to answer questions about the fiscal cliff, and to answer questions posed by Patch users. Fiscal Cliff Wagner said she's …
Wednesday, December 12, 2012
Patch is speaking with the former U.S. Ambassador-turned-U.S. Representative-Elect Thursday afternoon.
In a few weeks, Ann Wagner will be sworn in as the next U.S. Representative for Missouri's 2nd district, following her November victory over Democrat Glenn Koenen. Before she goes to Washington, D.C., she's sitting down with Patch Thursday afternoon. We have a good idea of where to start with questions, but we'd like your input. What would you like to know about what she's been doing since election day, or what her plans are once she's seated? What does she think about the looming "Fiscal Cliff" and other matters. Give us your questions in the comment section and we'll try to get them answered.
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 ›