fiscal cliff

Would Two Presidents Be Better Than One?

Joseph Cooper, Bonnie Berman and Paul Leary — Mon, 13 May 2013 17:00:00 +0000

Is Gov. Rick Scott Headed Toward Sequestration From State GOP? Join The Conversation

Elaine Chen — Fri, 22 Feb 2013 17:00:00 +0000

On the Florida Roundup, we have on the slate:

How The Fiscal Cliff Deal Will Impact South Florida And Broward vs. Lauderdale

Elaine Chen — Fri, 04 Jan 2013 17:00:00 +0000

On the Florida Roundup: 2013 begins with the fiscal cliff averted, despite U.S. Senator Marco Rubio’s vote against the agreement. We find out whether Florida's fragile economy can "hang on" when many decisions have been kicked down the road.

In Florida, Payroll Tax Means It's Still A Cliff

Rick Stone — Thu, 03 Jan 2013 13:50:12 +0000

Congress' fiscal cliff compromise may have protected Florida's middle class wage earners from a massive income tax increase, but the small tax increase it didn’t address remains a threat to the recovering state economy.

Starting Jan. 1, a two percent payroll tax holiday that President Obama put in place in 2010 expires, meaning that the paycheck deduction that funds Social Security will increase by that same two percent.

President Obama On Avoiding The Fiscal Cliff: 'We Can Do It In Stages'

Mark Memmott — Mon, 31 Dec 2012 18:22:00 +0000

Update at 9:45 p.m. Deal Reached

Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop sharp tax increases and spending cuts. A source told NPR the deal with congressional Democratic and Republican leaders includes a mix of both.

Senate Majority leader Harry Reid and House Minority Leader Nancy Pelosi have signed off on the agreement, which calls for a two-month deferral of the automatic spending cuts known as the sequester.

Gun Control Debate: Is Florida "The Gunshine State"?

Elaine Chen — Fri, 21 Dec 2012 17:00:00 +0000

On the Florida Roundup: The tragedy in Connecticut hits home in what some people call “The Gunshine State,”as Florida has over a million concealed weapons permits, the most in the country. Do you feel safer? We hear your reaction to Florida’s milestone. And will gun control be on the agenda in Tallahassee?

Florida Economy, Taxes, Jobs Teeter On Cliff

Rick Stone — Mon, 03 Dec 2012 13:36:01 +0000

What would a plunge off the fiscal cliff mean in Florida?

Disaster, according to the data. Higher taxes, job losses and probably a recession because of curtailed consumer spending.

Drop In Consumer Confidence Doesn't Keep Floridians From Spending

Gina Jordan — Thu, 29 Nov 2012 17:15:42 +0000

Consumer confidence in Florida dropped this month, but retailers were busy over the Thanksgiving/Black Friday weekend.

The National Retail Federation says more people went shopping on Black Friday this year than ever before.

University of Central Florida Economist Sean Snaith says shoppers may just be more budget conscious and eager to take advantage of big sales.

In Fiscal Cliff Talks, Higher Taxes Vs. Closing Loopholes

John Ydstie — Mon, 19 Nov 2012 08:25:00 +0000

The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.

Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people.

How The Fiscal Cliff Would Hit The Economy

Marilyn Geewax — Sun, 11 Nov 2012 10:30:00 +0000

This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.

Economists are unanimous in saying that if the leaders fail to keep the country from going over the "cliff," both the stock and labor markets will fairly quickly go "splat."

To keep that from happening, Congress must pass legislation to stop or delay or phase in looming budgetary changes. That phrase "fiscal cliff" refers to a massive collection of automatic tax increases and spending cuts that kick in at year's end.