Tagged: fiscal cliff

Tax Changes Hit Higher-Income Americans Hardest

by Associated Press 1/21/2014 11:41 am

Higher-income Americans and some legally married same-sex couples are likely to feel the biggest hits from tax law changes when they file their returns in the next month or two. Taxpayers also will have a harder time taking medical deductions this year.

Windstream Shares Spike on Lower Tax Obligation

by Lance Turner 1/7/2013 4:14 pm

Shares of Windstream Corp. of Little Rock rose 3.7 percent on Monday after the telecommunications firm dramatically reduced its outlook for 2013 tax obligations.

Why the Fiscal-Cliff Deal Is No Recipe for A Robust Economy

by Associated Press 1/3/2013 4:04 pm

Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy. So why don't economists foresee stronger growth and hiring in 2013? Part of the answer is what Congress' agreement did and didn't do.

Retailers Report Higher December Sales

by Associated Press 1/3/2013 10:56 am

A last-minute surge in spending may have saved Christmas for stores. Major retailers such as Costco and Nordstrom report better-than-expected revenue in December. That comes as a relief for stores that can make up to 40 percent of their annual revenue during the winter holiday shopping period that runs from November through the end of December.

Congress Extends Wind Energy Tax Credit in Fiscal Cliff Deal

by Lance Turner 1/2/2013 2:49 pm

Congress has included an extension of wind energy tax credits in the bill to avert the so-called "fiscal cliff."

Markets Rally After US 'Fiscal Cliff' Deal

by Associated Press 1/2/2013 11:44 am

Markets breathed a huge sigh of relief Wednesday after U.S. lawmakers reached a budget agreement that will stop hundreds of billions of dollars in automatic tax increases and spending cuts that risked plunging the world's biggest economy into recession.

Congress OKs Fiscal Cliff Deal, Signaling Future Fights

by Associated Press 1/2/2013 9:11 am

Congress' excruciating, extraordinary New Year's Day approval of a compromise averting a prolonged tumble off the fiscal cliff hands President Barack Obama most of the tax boosts on the rich that he campaigned on.

Over the Fiscal Cliff: Soft or Hard Landing?

by Associated Press 1/1/2013 5:55 pm

The Senate on Tuesday approved a bill to prevent the nation from going over a Jan. 1 "fiscal cliff." Here's a look at why it's so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending, and what happens if they fail

US May Skirt 'Fiscal Cliff' But Faces Higher Taxes

by Associated Press 1/1/2013 12:16 pm

A last-ditch tax deal in the Senate might let the U.S. economy escape the worst of the so-called fiscal cliff and avoid going back into recession. But even if the House goes along, the tax increases likely coming in 2013 will dent economic growth anyway.

Progress Seen in Last-Minute 'Fiscal Cliff' Negotiations

by Associated Press 12/31/2012 11:15 am

Democrats and Republicans say signs of progress are emerging in urgent negotiations to avert the looming 'fiscal cliff' ahead of a midnight deadline. A person familiar with the negotiations says Democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals making up to $400,000.

National Journal: Here Are the White House's Fiscal Cliff Talking Points for Business

by Lance Turner 12/19/2012 3:14 pm

The National Journal publishes the White House's talking points for business leaders in support of President Barack Obama's fiscal cliff budget plan.

Businesses, Families Face Higher Taxes Soon Without Fiscal Cliff Fix

by Associated Press 12/16/2012 8:48 am

Millions of families and businesses will get hit by big tax increases a lot sooner than many realize if Congress and the White House don't agree on a plan to skirt the year-end fiscal cliff of higher tax rates and big government spending cuts. In fact, they already have.

Weekly US Jobless Aid Applications Drop to 343K, Best in 2 Months

by Associated Press 12/13/2012 11:30 am

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. Weekly applications for unemployment benefits fell 29,000 last week to a seasonally adjusted 343,000, the lowest in two months.

Mike Beebe: Don't Shift 'Fiscal Cliff' Burden to States

by Mark Carter 12/5/2012 11:58 am

Gov. Beebe told Arkansas reporters on Wednesday that states are willing to share in the sacrifices ahead but not carry a disproportionate burden.

Video: Mark Pryor Optimistic About 'Fiscal Cliff' Negotiations

by Lance Turner 12/5/2012 8:11 am

U.S. Sen. Mark Pryor, D-Ark., talks to Arkansas Business news partner THV 11 News about the "fiscal cliff" negotiations.

GOP 'Fiscal Cliff' Plan Echoes Failed Budget Talks

by Associated Press 12/4/2012 11:38 am

Republicans are proposing a "fiscal cliff" plan that revives ideas from failed budget talks with President Barack Obama last year, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue.

Pure Carried Interest on Brink of Extinction (Patrick Murphy Commentary)

by Patrick Murphy 12/3/2012 12:00 am

One component of the fiscal cliff that may harm numerous unsuspecting Arkansans is the taxation of income derived from a profits interest, better known as “carried interest.”

Between Confidence and Complacency (Craig Douglass On Consumers)

by Craig Douglass 12/3/2012 12:00 am

How close to the edge will you go? And will simply the prospect of falling off the “fiscal cliff” prevent you from holiday shopping?

Election Over, Campaign Continues to Shape Response to 'Fiscal Cliff'

by Associated Press 11/22/2012 9:10 am

The election may be over, but a new campaign is being waged in the nation's capital as lobbyists, advocates and trade groups fight to shape the government's response to the looming fiscal cliff.

More Thanksgiving Travelers Driving to Save Money

by Associated Press 11/21/2012 11:49 am

Feeling the pinch of the sluggish economic recovery, many Americans setting out on the nation's annual Thanksgiving migration sacrificed summer vacations, relied on relatives for airfare or scoured the Web for travel deals to ensure they made it home.