Senate Passes 'Fiscal Cliff' Compromise 89-8

From ThinkProgress Tue Jan 1 2013, 13:37:44

In an 89-8 vote after 2 am, the U.S. Senate endorsed the bipartisan compromise negotiated Monday to avoid the so-called "fiscal cliff." The agreement allows the Bush-era tax cuts for family incomes beyond $450,000 annually to expire, slightly increases the estate tax rate (but also indexes the exemption to inflation), postpones the sequestration budget cuts [...]

[view whole blog post ]
 See More    |     Report Abuse



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!