Tax Increases

  • With final vote, US Congress resolves 'fiscal cliff' drama January 2, 2013

    Washington: The US Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. By a vote of 257 to 167, the Republican-controlled House of Representatives approved...
  • US 'fiscal cliff' crisis heads to resolution in Congress January 2, 2013

    Washington: A months-long battle over the US "fiscal cliff" headed to a close on Tuesday as the House of Representatives moved toward final approval of a bipartisan deal meant to prevent Washington from pushing the world's biggest economy into recession. The Republican-controlled House was expected to back a tax hike on...