Like many Republicans, the East Cobb-area Congressman did not agree with the compromise.
Wednesday, January 2
Conservative Rep. Tom Price (R-District 6) voted against the last-minute fiscal cliff deal passed by Congress over New Year's, according to govtrack.us. A real solution includes both revenue increases and spending reductions," Price recently said on CNN's "State of the Union." His district includes East Cobb. Price isn't the only member of Congress - especially among the GOP - to believe the compromise was ill-fitted to the need and will only lead to more hard decisions soon. The deal raises taxes on individual incomes over $400,000 and over $450,00 for household incomes and a portion of estates more than $5 million. The compromise is said to allow Congress to have more time to work on government spending.
We’d like to hear from you on how the possible tax hikes would impact your family.
Monday, December 31, 2012
With New Year’s almost here, all eyes are turning to Washington, D.C., where lawmakers are working to prevent America from falling off the so-called fiscal cliff. That cliff, according to the Huffington Post, is the automatic activation of budget cuts and tax hikes that will kick in on Jan. 1, 2013, if something isn’t done to prevent them. As it stands right now, no agreement has been reached between the Democrats and Republicans to prevent the financial changes from occurring. Some economists say the budget cuts and tax hikes will catapult America back into another recession. President Barack Obama has cut his holiday vacation short, according to the Post, and is returning to Washington to try and work out a deal. Republicans and …