Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Jan
02

Despite deal, taxes will rise for most

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WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about...
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Jan
01

Senate passes 'cliff' deal, House up next

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With 2013 just over two hours old, the Senate voted 89-8 on Tuesday to approve a last-minute deal to avert income tax hikes on all but the richest Americans and stall painful spending cuts as part of a hard-fought compromise to avoid the economically toxic “fiscal cliff.”The country had already technically tumbled over the cliff by the time the gavel came down on the vote at 2:07 a.m.. The House of...
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Dec
31

Biden, McConnell 'jump-start' stalled talks

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Vice President Joe Biden looks on as President Barack Obama announces the nomination of Senator John Kerry as Secretary …Merry Cliffmas Eve?Vice President Joe Biden and Republican Senate Minority Leader Mitch McConnell on Monday pursued behind-closed-doors efforts to avoid the “fiscal cliff” with just hours to halt painful automatic income tax hikes from biting into American paychecks.McConnell...
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Dec
30

Obama boasts support of American people in ‘fiscal cliff’ fight

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As Congress races to pass legislation before the Jan. 1 "fiscal cliff" deadline, President Barack Obama in an interview which aired Sunday publicly touted the support of the American people for the plan he offered to Republicans."We have put forward not only a sensible deal, but one that has the support of the majority of the American people including close to half of Republicans," the president told...
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Dec
27

Senator Reid: U.S. is poised to go off 'fiscal cliff'

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WASHINGTON, Dec 27 - Senate Majority Leader Harry Reid on Thursday warned that the United States looks to be headed over the "fiscal cliff" of tax hikes and spending cuts that will start next week if squabbling politicians do not reach a deal. Reid, the top Democrat in Congress, criticized Republicans for refusing to go along with any tax increases as part of a budget remedy as he sketched...
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Dec
26

As winter storm bears down on Midwest, death toll climbs

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OKLAHOMA CITY (AP) -- A winter storm system that blew through Christmas Day with Gulf Coast tornadoes and snow in the nation's midsection headed for the Northeast on Wednesday, spreading blizzard conditions that slowed holiday travel. The death toll rose to six with car accidents on snow and sleet-slickened highways in Arkansas and Oklahoma. Post-Christmas travelers...
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Dec
25

U.S. gun support runs far deeper than politics

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BRYAN, Texas (AP) — Adam Lanza's mother was among the tens of millions of U.S. gun owners. She legally had a .223-caliber Bushmaster rifle and a pair of handguns, which her 20-year-old son used to kill 20 children and six adults in 10 efficient minutes inside a Connecticut school.In the raw aftermath of the second-worst school shooting in U.S. history, countless gun enthusiasts much like Lanza's mother...
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Dec
24

Two firefighters shot and killed while responding to fire in western N.Y.

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Residence near shooting and fire in Webster evacuated. (Max Schulte/Rochester Democrat&Chronicle via Twitter)Two firefighters were shot and killed and two others injured while responding to an early morning fire in Webster, N.Y.Webster Police Chief Gerald Pickering said shots were fired at West Webster firefighters when they arrived to battle the blaze along Lake Road in Webster, which is about...
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Dec
23

Anti-tax conservatives say no to tax-increase deal

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BOSTON (AP) — In the city where a protest over tax policy sparked a revolution, modern day tea party activists are cheering the recent Republican revolt in Washington that embarrassed House Speaker John Boehner and pushed the country closer to a "fiscal cliff" that forces tax increases and massive spending cuts on virtually every American."I want conservatives to stay strong," says Christine Morabito,...
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Dec
22

Predicting who's at risk for violence isn't easy

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CHICAGO (AP) — It happened after Columbine, Virginia Tech, Aurora, Colo., and now Sandy Hook: People figure there surely were signs of impending violence. But experts say predicting who will be the next mass shooter is virtually impossible — partly because as commonplace as these calamities seem, they are relatively rare crimes.Still, a combination of risk factors in troubled kids or adults including...
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Dec
21

A somber moment for 26 victims of Sandy Hook school massacre

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NEWTOWN, Conn. (AP) — The chiming of bells reverberated throughout Newtown on Friday, commemorating one week since the crackle of gunfire in a schoolhouse killed 20 children and six adults in a massacre that has shaken the community — and the nation — to its core.Gov. Dannel P. Malloy gathered with other officials in rain and wind on the steps of the Edmond Town Hall as the bell rang 26 times in memory...
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Dec
20

Daily funerals now routine in Newtown

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NEWTOWN, Conn. (AP) — A season that should be a time of joy has been marked by heart-wrenching loss in Newtown, as more victims from the massacre of 20 children and six adults are laid to rest.At least nine funerals and wakes were held Wednesday for those who died when gunman Adam Lanza, armed with a military-style assault rifle, broke into Sandy Hook Elementary School Friday and opened fire. Lanza...
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Dec
19

Gun deaths set to outpace car fatalities

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Twenty-seven wooden angels stand in a yard down the street from the Sandy Hook School in Newtown, Conn. (Spencer …Deaths from firearms are set to outstrip car fatalities for the first time, according to data from the Centers for Disease Control and reported by Bloomberg News.The CDC estimates that auto-related deaths--long on the decline as more motorists wear seat-belts and face harsher penalties...
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Dec
18

First of eight funerals begins at Newtown church

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NEWTOWN, Conn. (AP) — Family members have gathered for the first of eight funerals for school shooting victims to be held at a Catholic church in Newtown, Conn.A motorcade of dozens of vehicles led by police motorcycles accompanied the family of 6-year-old James Mattioli to St. Rose of Lima on Tuesday. His funeral comes a day after two other 6-year-old boys were laid in the first of a long, almost...
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Dec
17

NRA member Sen. Manchin says Newtown shooting should open gun debate

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West Virginia Democratic Sen. Joe Manchin, an "A" rated member of the NRA, on Monday questioned the availability of assault weapons and suggested Friday's shooting in Newtown, Conn. has opened up the issue for debate.Manchin said past debates about assault weapons have been shut down over a fear of destroying Second Amendment rights. But the senator said last Friday's shooting changed all that. "The...
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Dec
16

Portraits of Conn. victims show lives at their very start, ended in gunfire

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Most died at the very start of their young lives, tiny victims taken in a way not fit for anyone regardless of age. Others found their life's work in sheltering little ones, teaching them, caring for them, treating them as their own. After the gunfire ended Friday at Sandy Hook Elementary School, the trail of loss was more than many could bear: 20 children and six adults at the school, the gunman's...
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Dec
15

Evidence found at shooter’s home may point to motive, police say

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Conn. State police spokesman Lt. Paul Vance at Saturday morning's news conference. (Jason Sickles/Yahoo News)NEWTOWN, CT - Evidence recovered at gunman Adam Lanza's home may provide a motive for the massacre that left 26 dead at an elementary school, police said on Saturday.State police spokesman Lt. Paul Vance declined to provide specifics about the evidence but said, "we're hopeful it will paint...
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Dec
14

Two gunmen at Conn., school shooting, one dead

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A shooting involving two gunmen erupted at a Connecticut elementary school this morning, prompting the town of Newtown to lock down all of its schools and draw SWAT teams to the school, authorities said today.State Police confirm that one shooter is dead. A second gunman is apparently at large, sources told ABC News.The shooting occurred at the Sandy Hook Elementary School in Newtown, about 12 miles...
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Dec
13

GOP advisor: 'Let the fiscal cliff happen'

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As politicians, businessmen and ordinary citizens brace for spending cuts and tax hikes in the new year, a long-term Republican advisor says the U.S. should take the "fiscal cliff" plunge."Let the fiscal cliff happen and reduce the deficit very substantially as a consequence,"says Bruce Bartlett, author of The Benefit and Burden: Tax Reform--Why We Need It and What It Will Take. The combination of...
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Dec
11

Thousands protest Mich. right-to-work law

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LANSING, Michigan (Reuters) - More than 12,000 workers from throughout Michigan and the U.S. Midwest crowded into the state Capitol and marched outside in freezing temperatures on Tuesday as the legislature began debating a "right-to-work" law restricting unions in a stronghold of organized labor. Michigan State Police Inspector Gene Adamczyk said the Capitol building was closed to visitors...
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