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House Gives Final Passage to Fiscal Cliff Bill

WASHINGTON (AP) -- Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.
   Final approval came in the House on New Year's Night. The vote was 257 to 167.
   The Senate passed the bill less than 24 hours earlier.
   The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama.
   It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.
   Another provision is designed to prevent a spike in milk prices.House Gives Final Passage to Fiscal Cliff Bill

Posted: Tuesday, January 1 2013, 10:16 PM CST

IN OKLAHOMA NEWS

Time waning for Okla. lawmakers to tackle credits
May 18, 2013 19:10 GMT

By SEAN MURPHY Associated Press

OKLAHOMA CITY (AP) -- Despite calls by several Oklahoma legislators to address hundreds of millions of dollars in state tax credits and exemptions for businesses and industries, little has been done as another session approaches its end.

At the same time, other legislators are still trying to write even more tax giveaways into state law for things like tickets and hospitality suites to sporting events and the sale of helicopters.

Longtime tax credit critic Rep. David Dank calls the proposals for new credits "stealth efforts" and says they should be killed before they reach the governor's desk.

Dank sponsored a bill earlier this session to ensure tax credits undergo more rigorous scrutiny, but the bill was derailed in a Senate committee.

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