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Have you been hearing the term "Fiscal Cliff" since the election? Join my co-host Raneisha T and I as we discuss the Fiscal Cliif that could send us into another recession or even a depression. We will break down the meaning of Fiscal Cliff in Lehman's terms and give the history of the Fiscal Cliff. This is important to every American as this will surely affect all of us. Know whats going on by tuning in this Thursday December 13, 2012 @ 6:30PM EST.
What is truly going on with the US congress? What is on the table to help the american working class when it comes to the 48 hour deadline that needs to be made. Its not a Republican issue nor an Democrat issue. Its a american issue and i will discuss why it is so important to not only get this fiscal cliff resolve but to work on getting debt crisis we are in finally control. DO NOT MISS OUT ON THIS SHOW!!!
Conservative Primetime- “Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law. At the same time, the spending cuts agreed upon as part of the debt ceiling deal of 2011 will begin to go into effect. According to Barron's, over 1,000 government programs - including the defense budget and Medicare are in line for "deep, automatic cuts."In dealing with the fiscal cliff, U.S. lawmakers have a choice among three options, none of which are particularly attractive: They can let the current policy scheduled for the beginning of 2013 – which features a number of tax increases and spending cuts that are expected to weigh heavily on growth and possibly drive the economy back into a recession – go into effect. The plus side: the deficit, as a percentage of GDP, would be cut in half.They can cancel some or all of the scheduled tax increases and spending cuts, which would add to the deficit and increase the odds that the United States could face a crisis similar to that which is occurring in Europe. The flip side of this, of course, is that the United States' debt will continue to grow. Join The Discussion@424-222-5255
Congress has reached a deal on the Fiscal Cliff. The vote came late on New Year’s Day, but there was finally agreement on how to avert the crisis. The agreement addressed the tax aspect of the cliff but postponed addressing the “Sequester” for a couple of months down the road. The deal, in large part, sets up another showdown in Washington on spending and budgeting matters in 2 month’s time.
In this episode we review the details of the deal and how it came to be. We also offer commentary on the dysfunction of Washington that caused the issue to be dragged out until the very last moment.
The Fiscal Cliff has the potential to be one of the most severe economic events in our nation’s recent history. But what exactly is it?
In this show we explore the main aspects of the Fiscal Cliff and detail the most significant events that have led up to it. We give some background on the makings of the situation and where we are in terms of negotiation of a solution, and offer some commentary on the problem and how lawmakers should proceed toward an agreement.
“The Other Side of the Fiscal Cliff”
Featuring: Amanda Han, Keystone CPA Kaaren Hall, uDirect IRA Services -The truth behind the new tax changes and what it means for you -Top Tax Strategies You Need to Know before filing your taxes this year -5 IRA Must Do's for 2013 Kaaren...we can do this part together? self-direct retirement, max contributions, tax-free roth, roth conversion, contribution myths exposed) -3 Steps to take to ensure you maximize your refunds this year
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