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Fiscal cliff averted, sequestration threat remains

In an historic New Year’s Day session, the House of Representatives passed a bill that preserved Bush-era tax cuts for the middle class, but raised taxes on people making more than $400,000 a year. The compromises also averts a 27 percent cut in reimbursement levels for doctors who treat Medicare patients, and fixes the “dairy… Continue Reading Fiscal cliff averted, sequestration threat remains

Tax credits extended for wind energy industry

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One industry is getting a tax break, thanks to the deal to avert the fiscal cliff – wind energy tax credits were extended in the bill that passed Congress yesterday. More than 75,000 people are employed by the industry and the extension is expected to create more than 37,000 jobs and revive business at nearly… Continue Reading Tax credits extended for wind energy industry

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The costs of construction materials and other construction inputs have fallen steeply, likely as a result of reduced demand due to fiscal cliff concerns, according to a report from the Associated General Contractors of America. For the 12 months ending in November, the producer price index for all construction inputs rose 1.0 percent, closely matching… Continue Reading Construction supply costs down over fiscal cliff worries

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The impending fiscal cliff, with an 8.3 percent cut in park budgets, could result in the termination of thousands of park workers and force other national parks to shut down, says the Coalition of National Park Retirees. But that’s not all. In addition, campgrounds, visitors centers, educational programs would end. Maintenance and repair for buildings,… Continue Reading National parks closures, layoffs possible fiscal cliff casualties

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The fiscal cliff is looming larger, and the country actually might endure a series of draconian cuts and tax increases — something that was never supposed to happen. When Congress passed a law in August 2011 requiring $1.2 trillion in across-the-board cuts — half from the Department of Defense — it was supposed to serve… Continue Reading Fiscal cliff cuts start with defense but could go deeper

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A phrase that has found its way into our daily lexicon this year is “fiscal cliff.” It refers to a combination of federal government spending cuts and expiring tax cuts that many fear could be a serious drag on the U.S. economy beginning at the start of 2013. These scheduled spending cuts and tax increases… Continue Reading Everybody should be preparing for the fiscal cliff

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Three union giants launch Colorado ad campaign

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Three union giants are launching an ad blitz aimed at urging Congress to avert the “fiscal cliff.” The American Federation of State, County and Municipal Employees, National Education Association and the Service Employees International Union are launching a joint, six-figure ad buy that will air in Colorado and four other states. The groups say the… Continue Reading Three union giants launch Colorado ad campaign

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Fiscal cliff worries small business owners

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Small business owners are worried about the so0called “fiscal cliff” and they don’t want any potential solution to interfere with job creation. The looming questions over whether Congress will act before the year-end deadlines has small business owners trying to plan for varied scenarios. In Colorado Springs, 80 people attended a recent seminar “The Fiscal… Continue Reading Fiscal cliff worries small business owners

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