Tagged: Fiscal Cliff

  Following “fiscal cliff” and “debt ceiling,”“sequester” is the latest Washington buzzword.

In today’s Congressional Corner, Union College political science professor Brad Hays tells WAMC’s Alan Chartock that the draconian budget cuts were never supposed to take effect.

The IRS has delayed the opening of the 2013 federal tax filing season until this Wednesday, January 30.  The Massachusetts Department of Revenue is already accepting state returns. The D-O-R kicked off the tax return season with a new one stop web page.   WAMC”s Pioneer Valley Bureau Chief Paul Tuthill spoke with the Massachusetts Revenue Commissioner, Amy Pitter.

The recently passed fiscal cliff legislation included a one year extension of a wind tax credit, a welcome move for developers in Vermont.  The credit is being renewed at the same time that a pair of state senators are calling for a moratorium on wind development.

WASHINGTON (AP) — Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles.

The 2012 Farm Bill failed to come to a floor vote in the U.S. House before the end of year, but some key provisions were passed as part of the fiscal bill that the House passed late on New Year’s Day.