Wednesday, January 2, 2013
President Barack Obama thinks it’s time to give Congress and federal employees a raise. What do you think, Tampa Bay?
Update, Jan. 3 1:24 p.m.: The U.S. House has voted to block the pay raise, according to the Washington Post. Earlier: Vice President Joe Biden will earn $231,900 a year. House Speaker John Boehner will get $224,500. Senate Majority Leader Harry Reid’s pay will change to $194,400 annually. Those figures, according to the Huffington Post, represent the salaries of some of America’s top politicians after a half-percent pay increase goes into effect for all members of Congress, the vice president and federal employees in March 2013. There are 2.8 million federal workers. President Barack Obama signed an executive order removing the pay freeze on federal positions in the midst of the fiscal cliff negotiations. The act effectively raises the pay…
Wednesday, December 26, 2012
As Washington works to head off the so-called fiscal cliff, we’d like to hear from you on how the possible tax hikes would impact your family right here in Tampa Bay.
With New Year’s just around the corner, all eyes are turning to Washington, D.C., where lawmakers are working to prevent America from falling off the so-called fiscal cliff. That cliff, according to the Huffington Post, is the automatic activation of budget cuts and tax hikes that will kick in on Jan. 1, 2013, if something isn’t done to prevent them. As it stands right now, no agreement has been reached between the Democrats and Republicans to prevent the financial changes from occurring. Some economists say the budget cuts and tax hikes will catapult America back into another recession. President Barack Obama is cutting his holiday vacation short, according to the Post, and is returning to Washington to try and work out a deal. …
Tuesday, December 4, 2012
A University of Florida economist warns of massive job loss if a deal is not struck in Washington, D.C.
FISCAL CLIFF POSES DANGERS FOR FLORIDA by William Gibson of the Orlando Sentinel The Orlando Sentinel reported on the economic risks in the Sunshine State, if the budget is not cobbled out in Congress... "Without a deal, the combination of tax hikes and spending cuts would reduce Florida's economic output by $16 billion by the fourth quarter of 2013 and lead to a loss of 130,000 to 140,000 jobs, according to a University of Florida economist. "That's enough to set off a mild recession and an uptick in the state's unemployment rate, said UF's David Denslow, who made the projections after reviewing a Congressional Budget Office assessment of the nationwide impact and applying it to Florida. "On the other hand, he said, averting the cliff …
Karol Franklins
1:17 pm on Saturday, January 5, 2013
It would be GREAT to have a President who has a conscience about taxpayers paying for their vacations.....you have money....use your own! Or invite everyone else? Pay for mine? Which I have not had in YEARS..... more ›