“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect.
Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law. At the same time, the spending cuts agreed upon as part of the debt ceiling deal of 2011 will begin to go into effect. According to Barron's, over 1,000 government programs - including the defense budget and Medicare are in line for "deep, automatic cuts."
(tags: Political Series, economy, president, congress, Barack Obama, Economics, money, taxes, laws, Health Care, House of Representatives, Senate, America, United States)
DEEP DIVE: THINK HARD, THINK FAST!

- Mike Green
- DEEP DIVE cARToons are pop-culture commentary, and often a bad mash-up of it. DEEP DIVE cARToons are meant to provoke a thought and a smile. That's it. Please enjoy them and tell your frienemies to too!
Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts
Monday, December 17, 2012
Saturday, October 15, 2011
433. Occupy Wall Street
Thousands of people across the world railed against corporate power, grinding poverty, and government cuts Saturday as the Occupy Wall Street movement spread to the streets of Europe, Asia and Australia -- and took a particularly violent turn in Rome. (read more: http://preview.alturl.com/b6p3b)
(tags: Political Series, Politics, Economy, Global, Earth, Wealth, Poverty, Economics, Finance, Money, Power, Greed, Protest, Wall Street, 1%, Bull)
(tags: Political Series, Politics, Economy, Global, Earth, Wealth, Poverty, Economics, Finance, Money, Power, Greed, Protest, Wall Street, 1%, Bull)
Sunday, June 5, 2011
405. FedEx Field Parking
(tags: Sport Series, Redskins, Washington, Dan Snyder, Parking, Entertainment Series, Money, FedEx Field, D.C. District of Columbia, PG County, Prince George's County)
Subscribe to:
Posts (Atom)