Cost of tax reductions. The alternative minimum tax is 28 . If your tax rate was lowered to 25 . You still have to pay 28 . That is correct. For incomes between to london thousand dollars and 500,000, the effective tax rate is 35 . You hit the 35 rate and incomes fire lower than the income levels at which you would hit the 35 rate and regular tax. Why do they call it a patch . It is a one time year by year patch to stop the broad expansion. You could ask why they call it a cliff. They have discussed this in terms of the patch. It is a year by year increase in the exemptions. The patches nothing but the increase in the a in the exemption to prevent tens of millions of people from being forced to fill up the return you have. The only thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. Unlike the rest of the fiscal cliff which effects rates that will apply next year. The patch applies for
Chaplain conroy let us pray. Loving god, we give you thanks for giving us another day. Lord, you know there are Many Americans who look to the peoples house as uncertainty about the future of the economy and their livelihoods hang in the balance. Petty partisanship and ever politicizing rhetoric should have no place at all when men and women of good will come together to serve the common good. We ask again that you bless the members of the peoples house with the understanding that it is their work to develop the assuage s and plans to the fears of the fellow countrymen and countrywomen. We ask those that compel power of those in the capital to be mindful of those who represent, who possess little or no power and whose lives are made all the more difficult from a failure to work out serious differences. May all that is done today be for your greater honor and glory. Amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and announces to the house h
The american homeland. It was chilling for all of us beheading of jim foley and steven sotloff. I was reminded of another beheading of danny pearl. That was done by mohamed, the principal operational architect of 9 11. Its the same etiology, just a lot more capability. Ryan and i were reminiscing about being in beirut together 32 years ago during the lebanonese civil war. And one of the things i learned from that experience was watching the marines come into lebanon. One of the conclusions i drew from that experience is when you have no Political Center then everyone is aside. And the minute you intervene in beirut 30 years ago when there was no Political Center, the marines became another side. In fact the lebanonese used to call them the american militia. What ryans suggesting or what i was suggest in my column today is without an iraqi in Effect National Unity Coalition of sunnis, kurds and shiites, that we can be fighting for that to defend iraqi National Unity and pluralistic futu
The american homeland. It was chilling for all of us beheading of jim foley and steven sotloff. I was reminded of another beheading of danny pearl. That was done by mohamed, the principal operational architect of 9 11. Its the same etiology, just a lot more capability. Ryan and i were reminiscing about being in beirut together 32 years ago during the lebanonese civil war. And one of the things i learned from that experience was watching the marines come into lebanon. One of the conclusions i drew from that experience is when you have no Political Center then everyone is aside. And the minute you intervene in beirut 30 years ago when there was no Political Center, the marines became another side. In fact the lebanonese used to call them the american militia. What ryans suggesting or what i was suggest in my column today is without an iraqi in Effect National Unity Coalition of sunnis, kurds and shiites, that we can be fighting for that to defend iraqi National Unity and pluralistic futu
The american homeland. It was chilling for all of us beheading of jim foley and steven sotloff. I was reminded of another beheading of danny pearl. That was done by mohamed, the principal operational architect of 9 11. Its the same etiology, just a lot more capability. Ryan and i were reminiscing about being in beirut together 32 years ago during the lebanonese civil war. And one of the things i learned from that experience was watching the marines come into lebanon. One of the conclusions i drew from that experience is when you have no Political Center then everyone is aside. And the minute you intervene in beirut 30 years ago when there was no Political Center, the marines became another side. In fact the lebanonese used to call them the american militia. What ryans suggesting or what i was suggest in my column today is without an iraqi in Effect National Unity Coalition of sunnis, kurds and shiites, that we can be fighting for that to defend iraqi National Unity and pluralistic futu