Sunday, January 6, 2013
Four Republicans voted against the Senate bill.
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Sunday, January 6
With the clock ticking, Congress voted 257-167 to pass a Senate bill to stop the country from going over the so-called "fiscal cliff." On Tuesday, members of the House of Representatives from Illinois voted 14-4 in favor of the bill. For Republican Judy Biggert, who was defeated in November by Bill Foster in November, her vote in favor of the bill was her last as a member of the House of Representatives. Adam Kinzinger, R-Manteno, joined Biggert in voting yes, along with Dan Lipinski, D-Western Springs. Four House Republicans from Illinois voted no: Randy Hultgren (Winfield), Peter Roskam (Wheaton), Bobby Schilling (Colona) and Joe Walsh (McHenry). In the Senate, Dick Durbin, D-Springfield, voted to pass the measure. Mark Kirk, R-Highland …
Tuesday, January 1, 2013
Take our poll below and tell us what you think of making pledges to do something on Jan. 1. If you've done it successfully, what's your advice?
What better time to start with a clean slate than at the start of a new year. But while it's easy to make resolutions to do better or be better on Jan. 1, most of us rarely make it a week without breaking or forgetting our promises. So, we want to know, will you be trying again this year? And for those of you who have successfully made a pledge and kept it, what is your secret. Offer you thoughts and advice in the comment box below. In last week's poll, we asked for your opinion on how to resolve the fiscal cliff crisis. The vote results were 62 percent favored a tax increase for the country's wealthiest residents and 37 percent said that spending cuts should be made. DON'T MISS THE LATEST JOLIET NEWS. SUBSCRIBE TO OUR FREE DAILY …
Friday, December 28, 2012
If Congress fails to pass an extension of the Bush era tax cuts by midnight Monday, American paychecks will get smaller. You can use the fiscal cliff calculator to see the impact on your paycheck.
With leaders of Congress becoming more and more skeptical that a deal will be reached before midnight Monday to avoid the fiscal cliff, it becomes increasingly likely that American paychecks will get smaller Tuesday, according to a story in today’s New York Times. “I have to be very honest,” Senate Majority Leader Harry Reid said in the New York Times article. “I don’t know time-wise how it can happen now.” The Senate reconvened today in an unusual session between Christmas and Jan. 1. Even if the Senate passes legislation, the House of Representatives will not come back into session until Sunday barely 24 hours before the deadline, according to a story today on Politico. If no deal is reached, a single person with two exemptions earning $…
Tuesday, December 25, 2012
Take our poll below and tell us whether you think a tax increase for the most wealthy or spending cuts to social service programs is the way to go.
A crisis is looming if the federal government cannot resolve the so-called "fiscal cliff" dilemma by Dec. 31. In a simplified nutshell, that means that a long-term, bipartisan budget reduction plan must be agreed upon by the president and Congress or two things will be triggered: all of the tax cuts put into effect during the George W. Bush administration will expire and $1.2 million in mandatory spending cuts will start kicking in. President Obama and the Democrats want taxes to increase for those who make the most money, which Republicans oppose. The Republicans want to see spending cuts, and favor reducing money earmarked for many social service programs, which Democrats oppose. So, which side of the coin do you fall on? Take our poll …
Tony
11:13 am on Sunday, January 6, 2013
I really don't see what is the big fuss about the fiscal cliff. The 660 billion that the tax increases were supposed to generate over the next ten years has already been used for the defense budget for one year.And as far as the upcoming budget talks begin the republicans are not going to do anything until all the tax shelters stay in place for their wealthy supporters and they get to reduce … more ›