Wednesday, January 2, 2013

Fiscal cliff approved

San Angelo's representative in the U.S. House, Mike Conaway, voted against the Senate bill averting the fiscal cliff, but it still passed last night by a vote of 257 to 167. President Obama says the legislation restores balance to the U.S. tax system by raising tax rates on incomes over 400-thousand dollars for individuals and 450-thousand for couples.

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