Friday, January 4, 2013 at 7:00 am (Updated: January 4, 7:01 am)
In what could easily be called good news and bad news for most Americans, U.S. House members voted to approve a bipartisan Senate bill late Tuesday, Jan. 1, that avoids the worst fallout from the so-called “fiscal cliff,” but puts off automatic budget cuts associated with sequestration until March.
While the bill also does away with Bush-era tax cuts for those making more than $400,000 a year, most working Americans will see an increase in their federal Social Security taxes as well.
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