fiscal cliff

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05/13/13 - Monday’s Topical Currents is with law scholar David Orentlicher. He’s the author of TWO PRESIDENTS ARE BETTER THAN ONE:  The Case for a Bipartisan Executive Branch. In his view, the legislative fights over healthcare, debt ceiling, “fiscal cliff” and budget sequestering show that a bipartisan, shared Presidency would remove incentives to obstruct progress. Should there be another desk

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On the Florida Roundup, we have on the slate:

On the Florida Roundup: 2013 begins with the fiscal cliff averted, despite U.S. Senator Marco Rubio’s vote against the agreement.   We find out whether Florida's fragile economy can "hang on" when many decisions have been kicked down the road.  

In Florida, Payroll Tax Means It's Still A Cliff

Jan 3, 2013

Congress' fiscal cliff compromise may have protected Florida's middle class wage earners from a massive income tax increase, but the small tax increase it didn’t address remains a threat to the recovering state economy.

Starting Jan. 1, a two percent payroll tax holiday that President Obama put in place in 2010 expires, meaning that the paycheck deduction that funds Social Security will increase by that same two percent.

Update at 9:45 p.m. Deal Reached

Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop sharp tax increases and spending cuts. A source told NPR the deal with congressional Democratic and Republican leaders includes a mix of both.

Zweroboi

On the Florida Roundup: The tragedy in Connecticut hits home in what some people call “The Gunshine State,”as Florida has over a million concealed weapons permits, the most in the country.    Do you feel safer?  We hear your reaction to Florida’s milestone.  And will gun control be on the agenda in Tallahassee?

Florida Economy, Taxes, Jobs Teeter On Cliff

Dec 3, 2012
Stuart Miles

What would a plunge off the fiscal cliff mean in Florida?

Disaster, according to the data. Higher taxes, job losses and probably a recession because of curtailed consumer spending.

CBC Saunders Real Estate/flickr

Consumer confidence in Florida dropped this month, but retailers were busy over the Thanksgiving/Black Friday weekend.

The National Retail Federation says more people went shopping on Black Friday this year than ever before.

University of Central Florida Economist Sean Snaith says shoppers may just be more budget conscious and eager to take advantage of big sales.

The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.

Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people. The question is, could that method raise enough money.

This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.

Economists are unanimous in saying that if the leaders fail to keep the country from going over the "cliff," both the stock and labor markets will fairly quickly go "splat."