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  • fiscal cliff

    Generation Y: A Taste of What Is To Come for Generation Debt

    You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the impression that everyone stepped away from that fateful edge. However, if you are under the age of 35, that rushing sound you hear … More

    Morning Bell: 13 Tax Increases in 2013

    New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax … More

    Morning Bell: The Slow Dismantling of Obamacare

    Things aren’t going so well for Obamacare. Even Democrats in Congress aren’t huge fans any more. It seems after passing the law and finding out what’s in it, the allure has faded—so much so that Congress actually repealed part of Obamacare in the fiscal cliff deal last week. That’s right—part … More

    Chart of the Week: Government Spending Drives Debt Limit Higher

    Even though Congress and President Obama reached a fiscal cliff deal, the fallout will continue to be felt by individuals, investors, married couples, and small businesses earning $400,000 and above (for couples, $450,000 and above). And that does not include the impact on all workers hit by the payroll tax … More

    Top Wind Utility: Wind Subsidy Benefits Industry, Not Consumers

    The biggest wind energy purchaser in the country may sever ties with the industry’s largest trade group in the wake of a bitter fight to sustain subsidies for wind energy producers that, the company says, benefit producers at the expense of utilities and electricity consumers. Xcel Energy, which had the … More

    WATCH: Google+ Hangout on the Fiscal Cliff Deal

    Late at night on New Year’s Eve, when most people were out celebrating, the Senate was in session passing a “fiscal cliff” bill. On New Year’s Day, it was the House’s turn to pass the bill, which they did, and it was signed electronically by President Obama on Wednesday. What … More

    DEFENDING DEFENSE: Don't Just Delay Defense Sequestration—Stop It

    By delaying defense sequestration two months, President Obama and Congress have shown their unambiguous recognition that sequestration’s automatic and indiscriminate cuts to the U.S. military pose clear dangers to national security. However, America’s leaders must now match their recognition of this reality with the resolve required to definitively stop defense … More

    Morning Bell: Taxes to Rise on Most American Workers

    Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal cliff deal that passed the House last night. The bill—which President Obama has promised to sign, though he took off for Hawaii again after the … More

    Congressional Budget Office Shows Senate Bill Is $600 Billion Tax Hike

    The Congressional Budget Office (CBO) just now released its score of the bill the Senate passed early this morning while everyone was celebrating the beginning of the New Year. Despite knowing for a long time that taxes would go up on all Americans today, the Senate waited until we technically went … More

    Morning Bell: Tax Hikes to Start the New Year

    While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate … More