Congress to permanently extend Bush income tax cuts at $400,000 and below.
Tuesday, January 1, 2013
Saturday, December 29, 2012
If lawmakers fail to reach compromise, sequestration would hit Northern Virginia especially hard.
While the potential loss of thousands of jobs and a devastating economic blow loom over the region thanks to sequestration, Virginia's senators can only wait and hope a workable compromise is reached before the new year. If such a compromise is not reached by Tuesday a series of tax increases and spending reductions kick in automatically — taking the country over the so-called fiscal cliff. Some economists and politicians are concerned the combined effect will send the United States back into a recession. U.S. Sen. Mark Warner, a Virginia Democrat, told CBS News this week that at this point any deal that could be made would be relatively small. “I think there’s unfortunately only going to be a small deal,” Warner said. “… We have to …
Wednesday, December 26, 2012
President, Congress have just a few days to avert automatic tax increases and spending cuts.
Thursday, Starbucks baristas from stores across the area will write "come together" on all cups to encourage Congress and the President to come together to fix the fiscal cliff issue. A list of participating Starbucks close by is at the bottom of this article. For more information about this initiative, go to www.patch.com/fixthedebt. Congress and President Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called “fiscal cliff” the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 deadline after …
Monday, December 10, 2012
Falls Church dealt with death of a local college student who was a JEB Stuart High alum.
President Barack Obama made his way to Falls Church last week to meet with a family to discuss how the “fiscal cliff” would affect them. The president also filmed the meeting to serve in part of his efforts to sway public opinion and pressure Congress to come to a resolution. The Falls Church and JEB Stuart High communities were devastated to learn of the death of University of Virginia senior Casey Schulman. Schulman was killed in a snorkeling accident while participating in the Semester at Sea program. For a second time this year, a sewage leak canceled classes at Mary Ellen Henderson Middle School. Falls Church City Public Schools officials said the two leaks were not connected and they will keep a close check on the sewage system …
Thursday, December 6, 2012
In midst of talks about fiscal cliff, president asks one family what a $2,000 increase in taxes would mean for them.
NORTHERN VIRGINIA -- As the political negotiations over the "fiscal cliff" heat up in Congress, President Barack Obama visited with a local family to talk about what an increase in taxes would mean for them. The president paid a visit Thursday to Falls Church, VA resident Tiffany Santana, a high school teacher who lives with her husband, an employee of a local Toyota dealership, 7-year-old son and her parents. Her mother works as a day care provider and her father works for the U.S. Postal Service. In a video released by the White House (which you can watch in the media box at right), Santana said, "Real, everyday people know what $2,000 means to their lives, to their ability to feed their children, or their ability to send their children…