Senate Approves New Tax Bill Extending Bush Tax Cuts For Two Years….Done Deal, Now It Moves To The House

| December 15, 2010

The U.S. Senate on Wednesday officially approved an $858 billion bill extending the Bush-era tax cuts for two years in an 81-19 vote. Next up the House vote…..huff and puff maybe as soon as Thursday. The new legislation would extend Bush-era tax cuts for an additional two years for people of all income levels. It would cut […]

Tax Plan Looks To Pass Congress

| December 12, 2010

No good solutions ahead and problems galore, but this one was needed badly!  The Senate votes on the fiscal package Monday at 3:00 pm. Assuming it passes, the House of Representatives is likely to vote later in the week. Congress plans to adjourn for the year December 17. President Barack Obama’s tax-cut deal with Republicans […]

Now They’re Talking…..Literally

| December 6, 2010

Can’t say it’s a done deal, but it sounds pretty darn close! President Barack Obama said he’ll agree to a two-year extension of all Bush-era tax cuts in exchange for extending federal unemployment insurance. The plan also would cut the payroll tax by 2 percentage points. Obama said he would accept a lower rate for […]

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