House Gives Final Passage To Fiscal Cliff - 47 ABC - Delmarva's Choice

House Gives Final Passage To Fiscal Cliff

Posted: Updated:

WASHINGTON D.C. - Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.
    
Final approval came in the House on New Year's Night. The vote was 257 to 167.
    
The Senate passed the bill less than 24 hours earlier.
    
The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama.
    
It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.
    
Another provision is designed to prevent a spike in milk prices.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Survey Contest Winners

    Survey Contest Winners

    Below find the winners of our Survey Contest:Winners of a $100 Giant Gift card:Survey # 1 - Ollie GravenorSurvey # 2 - Carey SenterSurvey # 3 -TBASurvey # 4 - TBAGrand Prize winner of a $1000 CarnivalMore >>
    Click here for a list of winnersMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.