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Posts Tagged 'fiscal cliff'

We are pleased to present below all posts tagged with 'fiscal cliff'. If you still can't find what you are looking for, try using the search box.

Congress Passes Year-End Tax Compromise, Delays Spending Cuts

Both the U.S. Senate and the U.S. House of Representatives Jan. 1 passed legislation to permanently extend Bush-era tax policies for most income levels, softening the blow of the fiscal cliff after allowing individual rates to expire for nearly 24 hours.

Video: ABC Member Talks About Effect of Year-End Tax Hikes on Small Businesses

Jerry Gorski, president of Gorski Engineering, Inc., Collegeville, Pa., was featured in a video by U.S. House of Representatives Majority Whip Kevin McCarthy (R-Calif.) titled, “This is Small Business.”

Senate Democrats Vote To Pass Small Business Tax Hike

The U.S. Senate July 25 voted 51 to 48 to pass the Middle Class Tax Cut Act of 2012 (S. 3412), which, if enacted, would result in a massive tax increase on business income, capital investment and family succession. In addition, the Senate voted 45 to 54 against theABC-supported Hatch-McConnell Amendment to S. 3412 that would have forestalled the looming fiscal cliff facing America’s job creators.