10 Things To Know About The Fiscal Cliff Deal
Here is what you need to know as the dust settles on the Congressional tax bill.
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House Considers Vote On Budget Tonight (Psst: Don't Get Your Hopes Up)
Lots going on in D.C. today so let me catch you up to speed. The Democratic Senate reached a compromise on the budget deal in the wee hours of the morning. The deal extended tax cuts for all except those at the very top – but didn’t touch spending. That, the Senate claims, they’ll tackle…
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No, There Isn’t A Tax Cut Deal – Yet
Don’t believe the hype: there is no deal on the budget. Yes, I saw all of the headlines, too, some of them to prompt readers to write me for details. Is there a payroll tax holiday? What about the adoption credit? What’s happening to capital gains? The quick answer: nothing. What happened was this: the…
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White House Sets Budget Vote Deadline
They came, they saw, they concurred. Yes, I meant concurred. And here’s what they agreed on: they should do something about the budget. Sadly, I’m not kidding. At the meeting at the White House today, Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) managed to hammer out an understanding that…
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Boehner Fails To Push Through Plan B
Christmas did not come early for Speaker of the House John Boehner (R-OH). Boehner failed to garner enough votes in the House to push through his “Plan B” this evening. That plan would have extended existing tax cuts through next year for taxpayers except those earning $1 million or more. President Obama’s original version of…
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Boehner, Obama Talks Heat Up But Still No Deal On Taxes, Spending
With 19 days left on the calendar until the end of the year, Congress is pretending like they want to make a deal on the budget. But if you think that means we’ll see significant reform between now and then, don’t hold your breath. Yesterday, House Speaker John Boehner (R-OH) and President Barack Obama held…
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What You Can Learn From The Most Recent Lottery Winners
The final Powerball ticket holder has come forward to claim one half of record jackpot hosted by the Arizona lottery. The winner – who has asked to remain anonymous – will pocket nearly $200 million before taxes; he reportedly spent just $10 to buy the winning ticket despite being prompted by the clerk to buy…
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DeMint Steps Down From Senate In Midst Of Tax Debate
So what do you do if you’re in the midst of a high stakes budget battle? If you’re Sen. Jim DeMint (R-SC), you apparently walk away Sen. Jim DeMint has announced that he will resign from his Senate seat as of the end of the year. He has accepted a new position at the helm…
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Vice President Biden Shops Costco As Costco Shops Tax Deal
So what do Vice President Joe Biden and I have in common? We both have a Costco card. It’s true. If you follow the blog (or me on @twitter), you know that I recently moved out of the city. And once here, I consulted my “What to do when you move into the suburbs” handbook…
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Tax Increases Loom In 2013
Over lunch, the day after the election, my husband brought up the “f” word. You know, the one I’ve thus far been refusing to say (hint: it rhymes with “biscal piff”). He had been reading the news and was wondering how badly this would affect us. I could barely choke down my broccoli as he…