THIS JUST IN…


News from The Hill:

Boehner moves to Plan B 
By Erik Wasson

Speaker John Boehner told his conference on Tuesday he will move to a Plan B in fiscal cliff talks with the White House that would raise tax rates on annual income above $1 million.

Boehner (R-Ohio) announced the plan to his conference behind closed doors after a flurry of negotiations with President Obama that made it appear the two sides were moving closer to a deal.

Boehner is not cutting off talks with Obama and told members his “Plan B” is less than ideal.

But he told members that with time dwindling before massive tax increases on all taxpayers occur in January, the House must also have a back-up plan.

Read the story here.

More…

BREAKING NEWS FROM THE WASHINGTON POST


Obama calls for new small-business tax breaks to stimulate economy

President Obama made a fresh call Tuesday for another round of economic stimulus, proposing to spend more than $25 billion to offer tax breaks to companies to hire workers or pay them higher salaries.

The measure is Obama’s first proposal aimed at addressing the still-weak economy since his reelection and an acknowledgment that though it is no longer a political threat, the nation’s unemployment rate of 7.9 percent remains a significant problem.

Read more at:
http://www.washingtonpost.com/business/economy/obama-calls-for-small-business-tax-breaks/2012/11/27/83575192-389d-11e2-b01f-5f55b193f58f_story.html

HAVE U EMAILED UR US SENATOR & US REP RE: THE BUFFETT RULE?


What’s your Buffett number?

Just enter a few pieces of information about your taxes, and see how many millionaires pay a lower effective tax rate than you.