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
Security Alarm Tech/Electrician
Lockheed Martin | Fairfax, VA
Systems Engineer Stf
Lockheed Martin | Washington, DC
Sharepoint Developer
Lockheed Martin | Tampa, FL
Intelligence Analyst Stf
Lockheed Martin | Springfield, VA
Info Assurance Engineer Sr
Lockheed Martin | Glen Allen, VA
Sr. Software Engineer
Lockheed Martin | Herndon, VA
Technical Service Engr Asc Mgr
Lockheed Martin | Herndon, VA
Software Engineer Sr
Lockheed Martin | King of Prussia, PA
Aircraft Maintenance Asc Mgr
Lockheed Martin | Warner Robins, GA
Software Engineer Sr Stf
Lockheed Martin | Herndon, VA
Software Engineer Sr Stf
Lockheed Martin | Herndon, VA
Proposal Analysis Mgr
Lockheed Martin | Herndon, VA
Maintenance Program Management Mgr
Lockheed Martin | Patrick AFB, FL
Assessment Engineer
Lockheed Martin | Bethesda, MD
Info Assurance Engineer Sr
Lockheed Martin | Bethesda, MD
 
Comments
comments powered by Disqus