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Despite Fiscal Cliff Deal, Taxes to Rise for Most Americans

AFRICANGLOBE - While the fiscal cliff deal that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013. That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring.

Buckle Up: U.S. Headed Over the Fiscal Cliff

AFRICANGLOBE - The feared fiscal cliff was at hand Monday night, with nothing expected to pass Congress before a combination of tax increases and spending cuts starts to kick in at midnight.

From Fiscal Abyss, To Fiscal Cliff, To Deal?

AFRICANGLOBE - During the 2012 campaign President Obama told the electorate that he would raise taxes on those making over $250K in order to generate much needed revenues and avoid going over the fiscal cliff. President Obama won reelection with a convincing margin; some would say a mandate even though Republicans still control the House.

Fiscal Cliff: Why Republicans Don’t Care What Americans Thinks

AFRICANGLOBE - Are Republicans – now summoned back to Washington by Speaker Boehner — about to succumb to public pressure and save the nation from the fiscal cliff? Don’t bet on it. Even if Senate Minority Leader Mitch McConnell cooperates by not mounting a filibuster and allows the Senate to pass a bill extending the Bush tax cuts to the first $250,000 of everyone’s income, Boehner may not bring it to the House floor.

US Sliding Towards Fiscal Cliff

AFRICANGLOBE - Fiscal Cliff : While much of the country is mired in snowstorms across the nation’s midsection and in Pennsylvania and New England, the nation’s capital is bogged down in Congress’ efforts to avoid skidding off the fiscal cliff.

Fiscal Cliff: President Obama John Boehner Meets Face-to-Face

AFRICANGLOBE - Twenty-three days since they last met face-to-face and 23 days before the fiscal cliff becomes a harsh reality, the two men most...

Report: ‘Progress’ Made on Fiscal Cliff

AFRICANGLOBE - Dire headlines about the ongoing "fiscal cliff" debate might give the impression that the country is destined for a harrowing economic jolt....

Fiscal Cliff Approaches as Republicans Reject Obama’s Plan

AFRICANGLOBE - So much for those post-election hopes that the parties would reach a deal to avoid the looming fiscal cliff. Leading Republicans have...

Fiscal Cliff: Harder Fall for African Americans

AFRICANGLOBE - It’s easy to ignore the current debate over the fiscal cliff as pundits and lawmakers throw around terms like sequestration, triggers, automatic tax increases...
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