6 Things You Won’t Believe That Are In The Fiscal Cliff Bill That The Senate Passed At 2 AM While Most Americans Were Drunk —Business Insider Reviewed by Momizat on . Extra Help for Puerto Rican Rum, Asparagus Farmers,  Hollywood TV Production, 2-3 Wheeled Electric Vehicles, and Diesel Fuel Joe Weisenthal at Business Insider  Extra Help for Puerto Rican Rum, Asparagus Farmers,  Hollywood TV Production, 2-3 Wheeled Electric Vehicles, and Diesel Fuel Joe Weisenthal at Business Insider  Rating: 0
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6 Things You Won’t Believe That Are In The Fiscal Cliff Bill That The Senate Passed At 2 AM While Most Americans Were Drunk —Business Insider

Extra Help for Puerto Rican Rum, Asparagus Farmers,  Hollywood TV Production, 2-3 Wheeled Electric Vehicles, and Diesel Fuel

Joe Weisenthal at Business Insider  gives us the lowdown: 

On January 1, just before 2 AM, the Senate overwhelmingly agreed to pass a bill that will avert the Fiscal Cliff. The House approved it late that night.

The bill is pretty straightforward. Income tax rates will only rise on those making over $400K (liberals wanted $250K, GOP wanted no taxes to rise). Spending cuts will be delayed for 2 months to give the sides more time to address them.

So why is the bill 157-pages long?

Because when Washington does business and passes a huge bill, there are all kinds of little other pre-existing tax things most Americans have never heard of, but which needed to be extended, that also get into the bill. It’s just how it works.

Read more.

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It’s Tough to Pass Any Legislation Without Some Pork

 

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