Thursday, January 10, 2013
A Wheaton resident writes in support of Peter Roskam's views related to the fiscal cliff. Glen Ellyn Patch welcomes letters to the editor. Send letters to firstname.lastname@example.org.
Thursday, January 10
Congress: Job Half Done? While it was good to see some solution to the 'fiscal cliff' situation from Congress, does anyone really question that Congress has only completed half of the task before them? The Obama Administration calls for a 'balanced approach' but only really desired to address increased revenues. We all know that revenues alone will not solve the problem. I agree with my Congressman, Peter Roskam of the 6th District, when he calls for curbing 'out of control' spending. Roskam believes that the only way our economy will rebound is to put in place a strong economic foundation. That foundation must be built with measurable spending cuts. Is it unreasonable to think that our federal government is immune to the same budget …
Friday, December 28, 2012
If Congress fails to pass an extension of the Bush era tax cuts by midnight Monday, American paychecks will get smaller. You can use the fiscal cliff calculator to see the impact on your paycheck.
With leaders of Congress becoming more and more skeptical that a deal will be reached before midnight Monday to avoid the fiscal cliff, it becomes increasingly likely that American paychecks will get smaller Tuesday, according to a story in today’s New York Times. “I have to be very honest,” Senate Majority Leader Harry Reid said in the New York Times article. “I don’t know time-wise how it can happen now.” The Senate reconvened today in an unusual session between Christmas and Jan. 1. Even if the Senate passes legislation, the House of Representatives will not come back into session until Sunday barely 24 hours before the deadline, according to a story today on Politico. If no deal is reached, a single person with two exemptions earning $…
Monday, November 12, 2012
Local business owners hope the re-election of the president has at least provided consumers with the certainty they need to start spending again, while the "fiscal cliff" leaves the future economy in doubt.
The election is now decided but the “fiscal cliff” is looming. And, that has some local business owners taking a wait-and-see attitude toward the future of the economy. The cliff could mean impending tax increases and government spending cuts, if the President and Congress don’t come to a resolution once the Bush-era tax cuts expire at the end of the year. As a result, some local business owners remain cautious about what the next few months might mean for business. Local entrepreneur Shaun Emerson, founder of Project Boost, said he thinks it is still too early to know what the election results will mean for business, but he believes that politics will come into play. “I think there are some things definitely clearer, the repeal of the …
U.S. Rep. Peter Roskam says the fiscal cliff can be avoided, and thinks there is an opportunity to bring Republicans and Democrats together to work on tax reform.
U.S. Rep. Peter Roskam (IL-06) appeared on CNBC's Kudlow Report Thursday to discuss the fiscal cliff and the House push for tax reform. He said there is a "tremendous opportunity" to avoid the fiscal cliff because of House Speaker John Boehner's comments Wednesday on a willingness to discuss more revenues. "The House has already acted on one proposal that says move forward and extend the current tax rates for one more year, and use that as a bridge to tax reform," he said. "Before there were voices on the Democratic side that were saying, 'Well let’s just go over the fiscal cliff.' Well that’s a bucket of crazy. Nobody wants to go over the fiscal cliff, it’s ridiculous." Roskam said he predicts President Barack Obama will extend tax …