Are most Americans now paying less in taxes?

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) -- There's no word on when President Barack Obama will sign the bill that staves off the "fiscal cliff" of across-the-board tax increases and cuts in domestic programs.

After Congress passed the bill last night, Obama left for Hawaii to complete his holiday break. Obama can sign the bill remotely using a machine called an "autopen," or the bill can be flown to Hawaii for his signature.

The president is warning Congress that it now must tackle raising the debt limit.

Meanwhile, don't look for a bigger paycheck despite the "fiscal cliff" deal. The bill passed by Congress does not include extending a Social Security payroll tax cut past the end of last year, so workers will now be paying about two percent more in Social Security taxes.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 185415602 - nbc11news.com/a?a=185415602
Gray Television, Inc.