Monday, December 31, 2012

Fiscal Cliff: Worst Congress Ever Makes A Deal at Last Minute. Midnight Vote Possible.

The fiscal cliff crisis is reportedly averted. With this Congress, believe it when you see it.  The last minute deal would extend unemployment benefits for another year, and tax credits for the working poor and college students will continue for five more years.

Tax rates: current tax rates will be extended for all wage earners making below $400,000 and couples making below $450,000.