Latest Breaking News

Yo_Mama

(8,303 posts)

33. An extension of the payroll tax cut is not in the bill passed in the Senate

Tue Jan 1, 2013, 09:33 AM

Jan 2013

Text here:
http://i2.cdn.turner.com/cnn/2013/images/01/01/american.taxpayer.relief.act.pdf?hpt=hp_t1

Sequestration goes into effect March 27th. AMT fix is made permanent. Extension of 2001, 2003 & 2009 tax relief provisions, with amendments for higher income earners. Extension of a whole lot of business deductions (primarily faster depreciation/amortization). Extension of a bunch of energy tax credits. Extension of unemployment benefits.

Tuition tax credits extended until 2018. Higher EITC extended until 2018. Higher child tax credit extended until 2018.

The tax break for forgiveness on residential mortgage principal is extended through 2013.

Edit history

Please sign in to view edit histories.

43 replies

= new reply since forum marked as read

Highlight:

CBS: It's Official: Deal Reached On "Fiscal Cliff" [View all] Purveyor Dec 2012 OP

Could be worse... Richardo Dec 2012 #1

Where are the jobs.Screw deficit focus-Jobs jobs bjobotts Jan 2013 #20

Debt ceiling blackmail next? bjobotts Jan 2013 #21

OK...this I can live with. CaliforniaPeggy Dec 2012 #2

That's my thought too, Peg Richardo Dec 2012 #3

why are so many so willing to give Obama a pass on this? He lost again. bowens43 Dec 2012 #5

Payroll tax cut expires as well WallaceRitchie Dec 2012 #9

Exactly. Are you sure about the expiration of the payroll tax cut? I can't find plethoro Dec 2012 #13

Payroll tax was never even discussed. We are such chumps. chimpymustgo Jan 2013 #32

Well, if it had been extended again, plethoro Jan 2013 #39

Lift the damn CAP - and lower everyone's contribution. So many ways to make this less regressive. chimpymustgo Jan 2013 #40

We have all said that so many times and so fervently, I wonder plethoro Jan 2013 #41

An extension of the payroll tax cut is not in the bill passed in the Senate Yo_Mama Jan 2013 #33

Thank you so much for your post, Yo-Mama........nft plethoro Jan 2013 #38

Me, too. While I don't like everything about it Politicub Dec 2012 #11

Agreed. jillan Jan 2013 #17

It is comiserate to the hand he was holding Cosmocat Jan 2013 #37

This isn't a deal WallaceRitchie Dec 2012 #4

This message was self-deleted by its author plethoro Jan 2013 #14

That will be filled with promises of cuts to entitlements. This was worse plethoro Jan 2013 #15

no changes to estate tax iamthebandfanman Dec 2012 #6

The changes are above caraher Dec 2012 #12

well iamthebandfanman Jan 2013 #22

Wimped out agai. The cap gains tax up only 5% to 20%, still less than the average American worker! ErikJ Dec 2012 #7

+1 Scuba Jan 2013 #31

And it only applies to high-income taxpayers n/t Yo_Mama Jan 2013 #34

I think there is an important semantic miscommunication when they talk about this... Ed Suspicious Dec 2012 #8

That's really nothing to get upset about BeyondGeography Dec 2012 #10

No, I'm fine with it. I just thought the language made it a very "us vs. them" type of thing. Ed Suspicious Jan 2013 #16

Wowzer! I Thought For Sure We Were Going Over... triplepoint Jan 2013 #18

Sounds like a typical Obama deal.. sendero Jan 2013 #19

... ... Why Syzygy Jan 2013 #23

Once agan, Obama caves from position of strength Kelvin Mace Jan 2013 #24

He might as well make all tax cuts permanent now budkin Jan 2013 #26

You are talking purist nonsense. Not happy? Then step up and do some actual governing YOURSELF. RBInMaine Jan 2013 #27

Purist nonsense? Kelvin Mace Jan 2013 #43

Figure we're looking at the set pattern until 2014 malthaussen Jan 2013 #25

You're right. A mandate doesn't mean shit when the other party controls the House lunatica Jan 2013 #30

There are 2 main reasons for the deficit. Tax cuts and Big War. Have to see what the CBO says. grahamhgreen Jan 2013 #28

I find this deal acceptable. What is so hard to understand about we have a divided Shilo Jan 2013 #29

It's about what I expected. You can never get everything you want unless WhoWoodaKnew Jan 2013 #35

I told you, Weak leadership gets you nothing 4dsc Jan 2013 #36

Everytime I get my hopes up that we are going off the cliff, they always come to a last-minute deal Ter Jan 2013 #42