Tue Mar 26, 2013, 06:45 PM
alp227 (29,467 posts)
Obama signs spending bill, avoids government shutdown
Source: USA Today
President Obama made it official Tuesday, signing a temporary spending bill that headed off a government shutdown.
The "Consolidated and Further Continuing Appropriations Act of 2013," which funds the government for the last six months of the current fiscal year, replaces a plan that had been set to expire Wednesday.
The stopgap spending bill also maintains sequestration, the $85 billion in automatic budget cuts that began to take take effect March 1.
Read more: http://www.usatoday.com/story/news/politics/2013/03/26/obama-spending-bill-shutdown-sequester/2022387/
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Obama signs spending bill, avoids government shutdown (Original post)
|Leslie Valley||Mar 2013||#1|
|Leslie Valley||Mar 2013||#3|
Response to alp227 (Original post)
Tue Mar 26, 2013, 07:19 PM
Leslie Valley (310 posts)
1. So since the 1st of the year our elected reps have made 98% of the Bush tax cuts and
the sequester permanent.
And who says the Government doesn't accomplish anything.
Response to Leslie Valley (Reply #1)
Tue Mar 26, 2013, 09:15 PM
bhikkhu (9,912 posts)
2. Make that 85% of the tax cuts, increasing only taxes for the wealthiest
So 15% of the tax cuts was allowed to expire. That tax increase actually applies to a little more than the top 1% of the population, however, so perhaps you meant that the bush tax cuts were preserved for 98% of americans.
Not to nitpick, but accuracy is a virtue. http://www.ctj.org/taxjusticedigest/archive/2013/01/ctj_reports_examine_revenue_an.php#.UVJHJH2RAYw