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Tag Archives: fiscal cliff

Historic building tax credit extended

The “fiscal cliff” deal reached Jan. 1 also will mean a two-year extension of a program that aids the restoration of historic buildings in urban areas. The New Markets Tax Credit is an incentive for developers to renovate underused historic ...

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More dealing to be done in overall fiscal picture

Say a family is faced with a mortgage and credit card debt and just cannot continue to pay their bills. And the responsible action is taken — one member of the family, or more, takes on a part-time job. Instead ...

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Cliff avoided: Congress staves off tax hikes

WASHINGTON — Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that ...

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Consumers lose confidence as ‘cliff’ nears

WASHINGTON — U.S. consumers peering over the “fiscal cliff” don’t like what they see. Fears of sharp tax increases and government spending cuts set to take effect next week sent consumer confidence tumbling in December to its lowest level since ...

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Legal community urges fiscal cliff resolution

With the federal government facing the fiscal cliff, many in the legal community and advocates for the indigent are warning of the severe impact of sequestration on the federal courts and programs providing legal services to those in need. The ...

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Schumer: Fiscal cliff would hike milk prices

ALBANY — Sen. Charles Schumer warns that if Washington doesn’t avoid the so-called fiscal cliff, New Yorkers could see the price of milk double and dairy farmers would suffer. The Democrat says Congress must agree on a budget or a ...

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Taxpayers wait out fiscal cliffhanger

Faced with a trillion-dollar deficit, federal lawmakers need to raise revenue. The feds also have to cut spending. So that means tax increases and cuts in defense and entitlement programs, and it needs to do both as soon as possible, ...

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