Friday, January 11, 2013
The IRS has announced a delayed start to the 2012 tax filing season
You'll have to wait a bit if you are used to filing your annual tax return at the earliest possible date. The Internal Revenue Service has revised its opening date for tax season -- pushing it eight days to January 30, 2013. The tax filing deadline is Monday, April 15 The IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date though some revised forms may not be immediately available. You can blame the delay on the federal "fiscal cliff" crisis and the new tax bill Congress passed just after Dec. 31. You can find more information in this Forbes article. Electronic filing season was originally set to start on Jan. 22 this year. As a result of the delay, nobody will get a refund in …
Wednesday, December 26, 2012
The Lehigh Valley has issued a statement on the so-called 'fiscal cliff' government crisis
- GOVERNMENT
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Wednesday, December 26, 2012
In response to the current 2013 Government Spending Crisis (deceptively called the “fiscal cliff”), the Lehigh Valley Tea Party (LVTP) asks our Representatives and Senators, as a first step toward a solution to this crisis, to vote for legislation cutting the size and power of government. The federal government cuts should start with eliminating the wasteful cost of departments performing improper functions of government at the federal level. The first federal departments to be abolished with the control of these functions picked up by the states are: Education, Energy, Health & Human Services, Commerce, and the Environmental Protection Agency. These department eliminations will help to eradicate costly waste in addition to the abuse of …
Wednesday, December 12, 2012
U.S. Sen. Pat Toomey says our economy will take a huge hit if lawmakers fail to act on the impending "fiscal cliff"
- OPINION
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Wednesday, December 12, 2012
The following opinion piece was submitted by U.S. Sen. Pat Toomey: “[T]he vast majority of Democrats on Capitol Hill would prefer not to have to do anything on entitlements, would prefer, frankly, not to have to do anything on some of these debt and deficit problems. … And what I’ve tried to explain to them is, number one, if you look at the numbers, then Medicare, in particular, will run out of money, and we will not be able to sustain that program, no matter how much taxes go up. I mean, it’s not an option for us to just sit by and do nothing.”- President Barack Obama, July 11, 2011 I agree with President Obama. No matter how much we raise taxes, we cannot avoid a fiscal disaster unless we address the true drivers of our out-of-control …
Friday, November 30, 2012
President Obama visits Hatfield toy company as part of tour pushing extension of payroll tax cuts.
President Barack Obama visited a toy factory in Hatfield Township, Montgomery County on Friday, citing it as an example of the type of business that would suffer if Congress does not act soon to prevent the country from running over the "fiscal cliff," a series of tax increases and cuts in spending that are due to come into effect at the beginning of the new year. In remarks broadcast live on C-SPAN, Obama called Hatfield-based K'Nex, which makes kits of interlocking pieces that allow children to construct their own toys, "one of the few companies in the toy industry that has aggressively moved jobs back here [to the U.S. from overseas]," The President said middle-class consumers will have money "to buy more K'Nex" if Democratic and …
Tuesday, November 20, 2012
U.S. Sen. Pat Toomey tells Valley Chamber of Commerce that without reform, current federal deficit spending will lead to much more painful cuts.
U.S. Sen. Pat Toomey spoke to members of the Greater Lehigh Valley Chamber of Commerce at a breakfast gathering Monday at DeSales University and neither the eggs nor the message was sunny side up. The Pennsylvania Republican and well-known deficit hawk addressed the so-called “fiscal cliff” the U.S. government is facing Jan. 1 if Congress and the Obama administration cannot make a deal to avert tax increases and spending cuts that will automatically kick in. But Toomey, whose family lives in Upper Milford Township, said that the across-the-board spending cuts slated for Jan. 1 look mild compared to future actions that will be needed if the nation doesn’t start shrinking the federal deficit and paying down the debt. The fiscal cliff would …
Thursday, July 26, 2012
GOP may be forced to accept tax hikes, says Pa. Senator Pat Toomey
- ELECTIONS
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Thursday, July 26, 2012
Sen. Pat Toomey (R-Pa.) signaled this week that Republican lawmakers may be left with no choice but to accept a deficit reduction deal that includes new revenues as the country approaches the "fiscal cliff." "It's not clear to me that there may be another way to do it in the future," Toomey said at a Brookings Institution discussion when asked about his party's openness to raising taxes to avoid another fiscal crisis. Toomey, who lives in Zionsville, Lehigh County, began serving as U.S. senator last year. Toomey has an office in Salisbury Township. What do you think of Toomey's statement? Tell us in the comments section below. In January, nearly $600 billion in spending cuts and tax increases are scheduled to take effect unless Congress …
A. Taylor
3:24 pm on Monday, January 21, 2013
I have no idea what you are saying. It would be helpful if you used punctuation, and clearly stated your opinions, using facts and reliable sources to support them. Everything is not black and white for everyone, some people cannot simply open an interest-bearing checking account because it usually takes a large amount of money to keep them open. I know this, because I am an employee of a bank, … more ›