Failing to renew the Bush tax cuts in the recent “fiscal cliff” legislation has, as we predicted in December, brought back the Marriage Penalty. A Sun Sentinel report talks to Plantation, FL accountant Sheri Schultz.  Schultz says her family “is facing tax hikes to the tune of thousands of dollars this year.” How the Marriage […]

What Is the Government’s Borrowing Limit? The borrowing limit or debt ceiling is the maximum amount the U.S. government is allowed to borrow to meet its existing legal obligations. These obligations include Social Security and Medicare benefits, military salaries, interest on national debt, tax refunds, and other payments. Raising the debt ceiling doesn’t authorize new […]

…Just another Pork filled piece of legislation that everyone involved should be ashamed. The bill has the support of every House Democrat and every Republican House member from New York and New Jersey, but still needs five votes to pass the chamber, according to the Daily News. At first glance it seems unthinkable that this […]