


Margaret Hoover, Charles Blow and Ali Velshi discuss the next big fight in Washington over the deficit and debt.
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Post by: Ashleigh Banfield Filed under: Congress • Debt • Economy • President Obama • Taxes |
So what is really in the fiscal cliff legislation?
Of course, there are the widely-known sticking points the two sides have been haggling over for weeks: extensions of the income tax cuts for middle and low-income earners, the current estate tax rate, and the alternative minimum tax.
But there's also a provision on two- and three-wheeled electric vehicles, renewable energy, and rum.
The American Taxpayer Relief Act of 2012, which passed the Senate early Tuesday morning, is a vehicle for a number of regular year-end tax extenders.
Among the extensions is the excise tax carry-over on rum produced in Puerto Rico and the Virgin Islands. It's a federal tax of which most is paid back to the islands.
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Post by: Ashleigh Banfield Filed under: Congress • Fiscal Cliff • Keeping Them Honest • Taxes |
New York State Sen. James Sanders Jr. says Washington doesn't get how difficult it is to recover from Superstorm Sandy.
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Post by: Ashleigh Banfield Filed under: Congress • Hurricane Sandy |
More than two months after Superstorm Sandy hit, victims are still suffering and in need of government relief funds.
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Post by: Ashleigh Banfield Filed under: Hurricane Sandy • Keeping Them Honest |
Rep. Lee Terry, R-Nebraska, says it would be politically advantageous for President Obama if no deal on the fiscal cliff is met by the end of the year, calling the administration’s proposals to tame the nation’s debt “disingenuous.”
"We come back from the election; we want to get the fiscal cliff resolved,” Terry told CNN on Friday. “But yet we aren't seeing anything from the White House.”
If no deal is reached by the end of the year, automatic federal spending cuts and tax rate increases will go into effect, a situation economists warn could slow economic growth and push the country back into a recession.
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Post by: Ashleigh Banfield Filed under: Congress • Economy • Fiscal Cliff • Taxes |
Mary Matalin and Paul Begala debate the strategy behind President Obama's fiscal cliff proposal.
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Post by: Ashleigh Banfield Filed under: Congress • Economy • Fiscal Cliff • President Barack Obama • Taxes |
Veronica's adoptive parents are petitioning the U.S. Supreme Court for custody. The 3-year-old is currently living with her biological father. Jeffrey Toobin gives his perspective on the likelihood of the case going before the court.
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Post by: Ashleigh Banfield Filed under: Jeffrey Toobin • Supreme Court |
CNN's Arwa Damon reports from Aleppo, Syria, where people are going back to homes after fleeing the violence. Despite the rebels claiming that the government is not in control of 65% of the city, it is still risky to be in the area. "There is still always that constant threat from the sky," says Damon.
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Post by: Ashleigh Banfield Filed under: Syria |
Jeffrey Toobin, Bill Burton and Ari Fleischer discuss the politics of calling the health care law a tax.
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Post by: Ashleigh Banfield Filed under: Health Care • Raw Politics • Supreme Court |
Republicans want to repeal parts of the health care law by using a process requiring 51 percent of the vote in Senate. CNN’s Dana Bash explains.
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Post by: Ashleigh Banfield Filed under: Health Care • Raw Politics • Supreme Court |

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