fiscal cliff deal
By marfdrat on January 3, 2013
Well, most of you. And, the less you make, the more it will hurt. The payroll tax reduction, which -as part of the stimulus- took the rate from 6.2% to 4.2%, has expired. This tax affects everybody, but it has a cap – so people who make a lot of money only pay it on the first $113,700 of earnings.
By marfdrat on January 2, 2013
Looks like we get screwed again. The Republican “leadership” in the House of Representatives is a joke. They gave up everything, and got nothing. I read somewhere that only one VA congressman voted for it – don’t know who it is yet. Cantor voted against it. Interestingly, Paul Ryan voted FOR it.