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Fiscal Cliff

Money Talking

Money Talking: The Looming 'Triple Fiscal Fiasco'

Friday, January 11, 2013

Congress narrowly avoided the fiscal cliff, but now lawmakers face a three-pronged problem that some in Washington say makes the fiscal cliff look like a cakewalk. 

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Gabfest Radio

Gabfest Radio: The Django Dreamed a Dream Edition

Saturday, January 05, 2013

On this week’s episode of Gabfest Radio, Political Gabfesters discuss the fiscal cliff deal and the decision by the Journal News to publish a map of gun permit owners.  On the Culture Gabfest portion of the show, panelists talk about Quentin Tarantino’s new blaxploitation western "Django Unchained."

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Money Talking

Money Talking: Will the Fiscal Cliff Deal Spur Companies to Spend and Hire?

Friday, January 04, 2013

For years, we've heard that the markets hate uncertainty. Well, this week, we got some certainty. On Money Talking, Rana Foroohar and Joe Nocera weigh on whether the fiscal cliff deal will spur companies to start spending money and hiring.

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The Brian Lehrer Show

What the Fiscal Cliff Deal Means for You

Thursday, January 03, 2013

The last-minute fiscal cliff deal reforms tax rates, deductions, payroll taxes, and several other laws that will effect more than 3/4 of Americans in one way or another. Richard Rubin of Bloomberg answers some basic questions about the changes.

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WNYC News

Deal on Taxes Hits Wealthy in New Jersey and New York

Wednesday, January 02, 2013

As 2013 begins, you can expect to pay more taxes as a result of the deal Congress reached on New Year's Day. But not everyone's taxes go up equally, and different regions of the country are affected different ways.

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WNYC News

How the Fiscal Cliff Affects Area Hospitals

Wednesday, January 02, 2013

The fiscal deal that the President and Congress struck last night averts tax increases for millions of Americans. But it also means major cuts could be coming to hospitals — especially those that rely largely on Medicaid and other public dollars.

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Transportation Nation

Fiscal Cliff Legislation Equalizes Transit Tax Benefit

Wednesday, January 02, 2013

LIRR commuters (photo by @MSG via flickr)

After a year of lobbying, transit advocates finally won.

As part of legislation passed Tuesday, pre-tax benefits for transit are now on par with parking benefits. Individuals who get commuter benefits from their employers can now look forward to (about) $240 a month. The measure is particularly meaningful to suburban commuters, who can easily spend more than that amount on transit.

Note section 203.

The back story: on December 31, 2011, legislation equalizing transit benefits expired. So for 2012, transit riders received a $125 monthly benefit, although parking remained at $240--a thorn in the side for politicians from transit-dependent states. Last March, New York Senator Charles Schumer authored legislation to re-equalize the benefit, but it wasn't acted on until the fiscal cliff negotiations.

Transit advocates hailed the legislation. "We've been pushing for transit equity for months," said Rob Healy, vice president of the American Public Transportation Association. "From our perspective, we felt it was very, very important that the federal tax code not bias one mode versus another." He added: "You shouldn’t be making your choices based on a tax code which treats parking better than it does transit."

Veronica Vanterpool, the head of the Tri State Transportation Campaign, which advocates for transit riders in New York, New Jersey, and Connecticut, said  when the benefit expired, "it was a de-facto tax increase for transit commuters. It's ludicrous that Congress would incentivize driving over public transportation. So we are particularly pleased that this was restored...we know a lot of our region's senators have really pushed for that."

Vanterpool said about 700,000 people in the tri-state region take advantage of the benefit. And: it's retroactive to January 1, 2012, although the mechanism for calculating those past benefits hasn't yet been determined.

But the current benefit also expires at the end of 2013 -- meaning transit advocates must begin spooling up again.

“It is our hope that in the new Congress, legislation will pass to make the public transit commuter benefit parity permanent,” said APTA president Michael Melaniphy. Vanterpool echoed that sentiment. "Moving forward," she said, "we need to make sure this is a permanent restoration and that we're not dealing with this battle every year."

 

 

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The Brian Lehrer Show

Sandy Relief: Congressmen Nadler and Grimm React

Wednesday, January 02, 2013

Late last night, Speaker John Boehner announced that the House would not vote on a Sandy aid package, after the Senate passed a $60 billion package. Staten Island's Michael Grimm and Jerrold Nadler, U.S. Representative for New York's 8th congressional district, react to the decision.

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The Takeaway

President Obama Expected to Sign Fiscal Cliff Bill

Wednesday, January 02, 2013

After passing the Senate 89-8, the House approved the fiscal cliff compromise negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, concluding a battle over fiscal policy that's lasted two years. Takeaway Washington correspondent Todd Zwillich has been following the deal.

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WNYC News

Grimm: Sandy Aid Stall "Beyond Surprising"

Wednesday, January 02, 2013

WNYC

Republican Rep. Michael Grimm, who represents much of Staten Island and parts of Brooklyn, says that the move by Republican leadership in the House to let the the current session of Congress end without a vote on Sandy aid is "inexcusable."

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The Takeaway

Today's Takeaway | January 1, 2013

Tuesday, January 01, 2013

Why One NRA Member is Reconsidering His Membership  |  Slaves Freed 150 Years Ago Today   | From President Johnson to President Obama |   Taking the Plunge - Literally - Into the New Year  |  In a New Year, Comfort from Predictions of What's to Come  |  In India, a Shifting Demographic and Historic Discussion of Gender Roles  | In the Face of Violence, Do Societies Turn Inward to Evolve?

The Takeaway

The Fiscal Cliff, in Song

Monday, December 31, 2012

Starbucks recently rolled out a new marketing campaign in which they're urging Washington to "Come Together" a la the Beatles on the fiscal cliff business and everything else that divides our government.  And we want to know: what song would you come up with to bring Washington together?

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WNYC News

Watch Live | Obama Statement on Fiscal Cliff

Monday, December 31, 2012

President Obama is expected to make a statement on the fiscal cliff at 1:30 p.m. Officials familiar with the negotiations say the contours of a deal have emerged.

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The Takeaway

Is the House Broken?

Monday, December 31, 2012

The fiscal cliff remains unresolved, and on the cusp of the new year, it appears that dysfunctional government has trumped any self-imposed deadline. Former Connecticut Congressman Republican Chris Shays explains why the House might be broken.

 

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It's A Free Country ®

Watch Live | President Obama Makes Statement on Fiscal Cliff

Friday, December 28, 2012

Following a meeting with congressional leaders on the so-called fiscal cliff, President Barack Obama is expected to make a statement at 5:45 p.m.

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The Takeaway

With Five Days to Go, Americans Could be Left with Fiscal Cliff Hanger

Thursday, December 27, 2012

With only five days left in 2012, lawmakers are back in Washington, D.C. today to continue talks on the fiscal cliff. Before the Christmas break, House Speaker John Boehner pulled Plan B off the table. 

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The Brian Lehrer Show

Holiday Weekend Washington News

Wednesday, December 26, 2012

Ben White, chief economic correspondent for Politico, will discuss what Washington political news has occurred over the extended holiday weekend, and what needs to happen on Capitol Hill before January 1st.

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The Brian Lehrer Show

In Review

Wednesday, December 26, 2012

The New York Times' David Sanger discusses Hillary Clinton's term as Secretary of State, John Kerry's nomination and the latest in international news. PLUS: Political developments from the holiday weekend and the state of the so-called fiscal cliff; your calls on gifts given and received this season; and Times senior staff photographer James Estrin rates your cell phone photo submissions from 2012.

The Takeaway

Fiscal Cliff: What's Plan C?

Friday, December 21, 2012

President Obama and House Speaker John Boehner have just eleven days to strike a deal to avoid the fiscal cliff. Yesterday, House Republicans failed to reach a vote on Speaker Boehner's "Plan B," while Senate Democrats promised to reject the proposal. Christina Bellantoni, political editor for PBS NewsHour, explains how the two sides might come together, and whether the President and Speaker Boehner have another plan in the works.

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