COLUMBUS, GA (WTVM) -
The so-called fiscal cliff has
been averted and new legislation is headed for President Obama's desk.
For now, the bill will avoid the
major tax increase and government spending cuts scheduled to take effect with
the new year.
The measure raises tax rates on
incomes more than $400,000 for individuals and $450,000 for couples.
We spoke with a local taxpayer
who believes this will be a benefit in the long run.
"The increase in taxes will
benefit in the long run for lower income people I think, but the higher income
people are always going to be mad, you know, so you're not going to be able to
satisfy a lot of the people all of the time," said Jamar Anthony of Columbus,
GA. "But, you know, it's more about if you got it, you have to be able to give
a little bit more, and if you don't have it - it's all about trying to get more
of it."
After addressing the nation, the President
headed back to Hawaii to be with his family. He's said when the bill gets to
his desk, he will sign it.
Be sure to tune in tonight at 5
and 6 p.m. EST when News Leader 9's Dante Renzulli will have more on this
story.
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