Wednesday, January 2, 2013
Not addressing sequestration puts business growth, NOVA economy in limbo, Fairfax County leaders say.
Fairfax County officials are disappointed Tuesday’s last-minute “fiscal cliff” bill does not address a solution for sequestration cuts that could endanger Northern Virginia’s economic well being. Board of Supervisors Chairman Sharon Bulova said she was grateful Congress took action and passed the bill, which keeps the Bush-era tax cuts for individuals making less than $400,000 and couples making less that $450,000. It also makes permanent the fixes for the Alternative Minimum Tax and delays government spending cuts for two months. “Even though it’s not a comprehensive resolution to everything at least people are talking and at least things have gotten started,” she said. “But we’re disappointed that we still have waiting to do.” Bulova …
Connolly says he planned to vote while "holding my nose."
The U.S. House of Representatives Tuesday night passed HR 8, the Tax Relief Extension Act, a permanent extension of many Bush-era tax cuts by a vote of 257 to 167. The late-night vote was taken at 10:57 p.m. Congressman Gerry Connolly (D-11th), whose district includes Burke, voted for the measure but did so "holding my nose," he said Tuesday before the vote, in a news release. The legislation keeps the Bush era tax cuts for individuals making less than $400,000 and couples making less that $450,000. It also makes permanent the fixes for the Alternative Minimum Tax and delays government spending cuts for two months. Here's the breakdown of Northern Virginia's votes Tuesday on the so-called "fiscal cliff" legislation, which the Senate passed…
Friday, December 28, 2012
If lawmakers fail to reach compromise, sequestration would hit Northern Virginia especially hard.
While the potential loss of thousands of jobs and a devastating economic blow loom over the region thanks to sequestration, Virginia's senators can only wait and hope a workable compromise is reached before the new year. If such a compromise is not reached by Tuesday, a series of tax increases and spending reductions kick in automatically — taking the country over the so-called fiscal cliff. Some economists and politicians are concerned the combined effect will send the United States back into a recession. U.S. Sen. Mark Warner, a Virginia Democrat, told CBS News this week that at this point any deal that could be made would be relatively small. “I think there’s unfortunately only going to be a small deal,” Warner said. “… We have to …
T-Bird
2:40 pm on Thursday, January 3, 2013
Wow Frederick, thanks for the great suggestion :-/ As if the county (except for the schools) hasn't cut their budgets/programs by 30% in the past four years. As if there hasn't been a hiring freeze for the same four years. Oh, and where exactly are these county vehicles in "mall" parking lots on what I assume is a daily basis, and how is it that you know what they are doing? How do you know they … more ›