Auckland, new zealand monday, december 31ss ,3 3 3 3 3 3 3 3 thh clock issticking. For prommgoing over the socalled fiscal cliff. Cliff. If nothing ii resolled by midnight tonight. Tax rates for all americans will increase. Democrats want higher taxes on familles earning 250thousanddollars a year and over. Republlcans want tax rates to stay where they arr. utaaes seem to bbe compromise. Others want to see Government Spending put in check. Presiddnt obama says. Hes willing toodo that. I offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue. The senate ssands in recess the senate is scheduled to reconvene at 11am. Even if lawmakers dont come to angreement tooight. You probably wont see a drastic change in your next paycheck. Thats because businesses pikely used 2012 withholdingg would happennrtain about what happen. If you want to see how much your taxes would go upp pgreement. Go to foxbalt
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