The Alexandrian: Sens. Mark Warner, Jim Webb Vote for Fiscal Cliff Deal - Moran Votes No

In the Senate, Senators Mark Warner and Jim Webb voted for the fiscal cliff deal that will raise taxes on 77% of Americans. The bill does nothing (zero) to solve the nation's long-term problems. Congressman Jim Moran surprisingly voted no in the House while Gerry Connolly voted to screw his 11th District constituents.

Via AP

WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.

If the deal raises taxes on 77% of Americans, isn't that a little misleading by the AP?

That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.

The Tax Policy Center, a nonpartisan Washington research group, estimates that 77 percent of American households will face higher federal taxes in 2013 under the agreement negotiated between President Barack Obama and Senate Republicans.

High-income families will feel the biggest tax increases, but many middle- and low-income families will pay higher taxes too.

Households making between $40,000 and $50,000 will face an average tax increase of $579 in 2013, according to the Tax Policy Center's analysis. Households making between $50,000 and $75,000 will face an average tax increase of $822.

Read more at this link.

Our kids are getting so screwed by our representatives in Congress. See a visual depiction of the national debt at this link.

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