It was 2am 1/1/13 when this passed.
Income tax rates will only rise on those making over $400K (liberals wanted $250K, GOP wanted no taxes to rise). Spending cuts will be delayed for 2 months to give the sides more time to address them.
These are included in the 2am Special, so won’t be addressed in 2 months or 2 years.
It’s called ‘‘American Taxpayer Relief Act of 2012’’ RTWT, if you can stand it.
These @$$#0(3$ can’t manage to say no to any lobby nor opportunity for social engineering.
See Title !V — Energy Tax Extenders
Extension of credit for:
energy-efficient existing homes.
alternative fuel vehicle refueling property.
2- or 3-wheeled plug-in electric vehicles.
cellulosic biofuel producer credit
incentives for biodiesel and renewable diesel.
production credit for Indian coal facilities placed in service before 2009.
credits with respect to facilities producing energy from certain renewable resources.
credit for energy-efficient new homes.
credit for energy-efficient appliances.
special allowance for cellulosic biofuelplant property.
alternative fuels excise tax credits.