have been stuck in this for a long time. it does mean, by the way, i mean part of this deal is the expiration of the payroll tax break. and so it does mean that paychecks are going to be a bit lighter. because that has been a 2% bump in everybody s paycheck for the last couple of years. so that is something that neither side decided to extend. i mean, some of what you see here is actually stuff you will never see. so for example if you re a middle class family, because this deal is being closed your taxes will go up a couple of thousand when you ultimately fill them out. but that is kind of putting out a fire, and the fire, they don t see that as clearly as some other measures. in your opinion, do you feel that you have especially coming down to the last minute here and the roller coaster of the dialogue going back and forth, do you feel that there
though. the payroll tax cut that s been in effect, the 2% on your paycheck of a payroll tax break, that does go away right away. and people will likely see that quickly. and by the way, i don t think any party is talking about bringing that back in to the picture in 2013. also, this amt patch you have heard, alternative minimum tax, that s a 2012 problem. so if that doesn t get patched, people will face a higher tax bill there. when they fill out their tax bill for 2012. in april of 2013. many of the companies have told their payroll processors, for january use 2012 income rates, income tax rates. not only would the payroll processors saying that, but if we do over the cliff and it looks like a deal is forthcoming, this is important, perhaps somewhat underreported and down in the weeds, the treasury department will tell the irs, do not change the
prison. jon hammar was arrested in august on what his family and attorney are calling trumped up gun charges. rick: new signs workers paycheques may get smaller, a payroll tax break is scheduled to expire at the end of the year unless the president and congress decide to extend it, americans would see a 2% tax increase, on january 1st. jamie: and, threatening to take control over two christian towns in syria and say government forces are using them to attack neighboring areas. rick: they were some of hurricane sandy s most vulnerable vis ctims and now children hit hardest by the storm are getting a heart-warming surprise this time of christmas and, dan bowens has more from our affiliate station in new york city. reporter: an unexpected christmas surprise for the children of ps253 in the
on the side of what the republican republicans get, the republicans get the tax rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that s on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. unfortunately, the speaker s proposal right now is still out of balance. yes. balance. here s the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that
cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that s on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. unfortunately, the speaker s proposal right now is still out of balance. yes. balance. here s the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we ll talk about it later. after they put forth that sweet