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Fiscal Cliff

Thursday, January 3, 2013

Sen. Carl Levin Statement on Fiscal Cliff Agreement

U.S. Sen. Carl Levin, D-MI, issues a statement about the vote Congress took to avert the so-called "Fiscal Cliff." This bill extends the tax cuts passed during George W. Bush's presidency that would have expired on Jan. 1, and delays automatic spending cu

It was essential that Congress avoid the highly damaging effects of going over the fiscal cliff. Inaction would have threatened to throw us back into a recession, and that was clearly unacceptable. So while I would have preferred an agreement that better addressed our historical shortfall in revenues, passing an imperfect agreement was far better than the alternative of returning to recession.   But the harsh reality is that we have delayed only for two months the damaging automatic spending cuts called sequestration. As we seek in the coming months a more comprehensive approach to avoid sequestration, one that will require both prudent spending cuts and additional revenues, it is imperative that we focus on the hundreds of billions of …

kidcat24

9:56 pm on Tuesday, March 5, 2013

Romney ran on closing loopholes, although he wouldn't say which ones. Now the party of NO says NO.   more ›

Wednesday, January 2, 2013

Bloomfield Legislator Lambasts GOP Over 'Cliff' Delay

U.S. Rep. Gary Peters votes in favor of legislation late Tuesday to address expiring Bush-era tax cuts while delaying spending cuts; against legislation to freeze congressional, federal worker pay.

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 Jan. 1, in addition to automatic spending cuts which were delayed. According to U.S. Rep. Gary Peters, (D-9th District) the "cliff" never should have happened. Peters voted in favor of legislation which was approved less than 24 hours after the Senate overwhelmingly approved the legislation. "I have been exceptionally frustrated by the Republicans' insistence on drawing out this self-inflicted crisis until the last possible moment," the Bloomfield Hills native Congressman, now in his third term, wrote in a statement …

Mark Itall

3:14 am on Thursday, January 3, 2013

The correct translation for Mr. Peter's "self-inflicted crisis" is "I don't care that the US will go the way of Greece very soon if we keep spending like this". He may not even be able to comprehend it.   more ›

Rep. Sandy Levin Supports Bill to Avoid Fiscal Cliff, Calls Provisions 'Vital' for US Economy

The U.S. House went along with a Senate plan Tuesday to address expiring Bush-era tax cuts while delaying spending cuts.

The U.S. House of Representatives voted 257-167 late Tuesday night to endorse a Senate vote on a bill that would avert the so-called "Fiscal Cliff." This bill extends the tax cuts passed during George W. Bush's presidency that would have expired on Jan. 1, and delays automatic spending cuts. A complete list of the yeas and nays can be found on the website for the House of Representatives. U.S. Rep. Sander Levin, D-Royal Oak, voted for the bill, which will extend curent tax rates for all wage earners making below $400,000 and couples making below $450,000. The Senate legislation passed early Tuesday 89-8. The bill currently awaits President Barack Obama's signature. Levin posted comments he made Tuesday on the House floor on his website: "…

Thursday, December 27, 2012

Patch and Starbucks Ask Washington to 'Come Together' to Avoid Fiscal Cliff

Patch and Starbucks, calling for Republicans and Democrats to join forces to avoid the fiscal cliff, announce an initiative.

As an organization, Patch is built on the idea of strengthening local communities and bringing democracy to life. Our network of websites delivers not only relevant, hyper-local information, but also amplifies the voices of our users. And with difficult choices facing our elected officials in the coming days and weeks, the need for citizens to speak up and be heard has never been greater. It is why I am proud to announce that starting this week, Patch is partnering with Starbucks – another staple of the community – on its “Come Together” initiative. Just as Patch serves great content and Starbucks serves delicious coffee, we need Democrats and Republicans to join forces and serve meaningful solutions to the pending financial obstacles our …

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