Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

House Passes Fiscal Cliff Deal House Passes Fiscal Cliff Deal

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Congress / Congress

House Passes Fiscal Cliff Deal

January 1, 2013

The House voted Tuesday night 257 to 167 to pass legislation that prevents tax rates from rising on households making under $450,000 and delays for two months scheduled across-the-board spending cuts that would have started Wednesday.

  • The legislation now goes to President Obama, who is expected to sign it into law.
  • Under the measure, income tax rates will rise on individuals making more than $400,000 and families making more than $450,000; the Alternative Minimum Tax is permanently indexed for inflation and the estate tax rises to 40 percent from its current 35 percent level, with the first $5 million in assets exempted.
  • The legislation is the product of months of intense negotiations between the White House and Congress. Its passage averts a combination of automatic spending cuts and tax hikes that could have caused another recession.

 

Job Board
Search Jobs
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Structural Engineer
American Society of Civil Engineers | New Haven, CT
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Quality Systems Manager
American Society of Civil Engineers | Greensboro, NC
Rail Field Construction Inspector
American Society of Civil Engineers | Jacksonville, FL
Manager, Quality Assurance
American Society of Civil Engineers | Memphis, TN
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Quality Engineer
American Society of Civil Engineers | Attica, IN
Civil Engineering
American Society of Civil Engineers | Steamboat Springs, CO
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
 
Comments
comments powered by Disqus