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Fiscal Cliff

Wednesday, January 2, 2013

U.S. Rep John Dingell Votes in Favor of Tax Bill to Avoid Fiscal Cliff

Dearborn Rep. John Dingell supported a Senate plan Tuesday to address expiring Bush-era tax cuts while delaying spending cuts.

The U.S. House of Representatives voted late Tuesday night 257-167 to endorse a Senate vote early Tuesday morning on a bill to avert the so-called "Fiscal Cliff", as tax cuts passed when George W. Bush was President expired January 1, in addition to automatic spending cuts which were delayed. The Senate legislation passed early Tuesday 89-8. The legislation was still awaiting President Barack Obama's signature on Wednesday afternoon. The legislation continues tax cuts for individuals making less than $400,000 and couples making less than $450,000. It also raised rates for those who make more than that by 4.6 percent. A complete list of the yeas and nays can be found on the website for the House of Representatives. U.S. Rep. John Dingell, D…

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Lee Jacobsen

1:09 pm on Thursday, January 3, 2013

Bitsy, I agree with you on some form of term limits, perhaps a max of 12 years, it takes a year or so just to get acclimated to the system of politics in Washington, DC, It is probably as safe as Detroit...here is a link to a safety meter to find out http://www.areyousafedc.com/ Regarding Obamacare, it is a paperwork nightmare for businesses, and I am in the thick of it. All I can say is "be …   more ›

Monday, December 31, 2012

Dearborn Legislator Calls for Cooperation in Face of Fiscal Cliff

Tax hikes and budget cuts will kick in Jan. 1 if a compromise is not reached on Monday.

Weeks of debate has not yielded a compromise in Congress as the federal government approaches the "fiscal cliff," and Dearborn Rep. John Dingell publicly called for compromise over the weekend. Never one to mince words, Dingell—who is approaching his 30th term in the U.S. House of Representatives—in a statement referred to the body as "one of the most unsuccessful Congresses in history, noteworthy not only for its failure to accomplish anything of importance, but also for the poisonous climate of the institution." Congress will be back in session on Monday, Dec. 31, at 11 a.m. to attempt to reach a compromise on the nation's tax rates and budgetary cuts. Set to end at midnight on Monday are the "Bush era" tax cuts, including payroll and …

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