In covering this debate, much has been made of income tax rates and where exactly they should be raised. But one fact has gotten far less notice. Starting today, payroll taxes are going up two percentage points for nearly all American workers. NPR's John Ydstie joins us to talk about it. And John, this means lower take-home pay for a lot of workers starting very soon.
Sen.-elect Ted Cruz of Texas is a bright young Hispanic star who will be sworn in this week in Washington. The Republican Party nationally hopes Cruz will be part of the solution to its growing problem luring Hispanic voters.
Almost nobody had heard of Cruz when he began his campaign for the U.S. Senate. But when he stepped in front of a microphone, he could light up a room in a way that made the other Republican candidates seem lifeless.
Originally published on Mon December 31, 2012 6:55 pm
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From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Audie Cornish. There's good news and bad news on the so-called "fiscal cliff," just hours before the nation is set to slide over it. The good news is that top negotiators for the Senate and the White House are by all accounts this close to a deal. The deal would prevent a major income tax hike for most Americans. That starts tomorrow.
Contractors Benny Corrazo, left, and Michael Bonade install a new set of sliding glass doors in a home that survived Superstorm Sandy in the Breezy Point section of New York on Dec. 20, 2012. Some economists say that reconstruction efforts may stimulate the economy.
A lot of movie box-office records fell in 2012. The comic-book blockbuster The Avengers had the biggest opening weekend in Hollywood history. Skyfall will be the first James Bond film to top $1 billion worldwide. And the box-office year as a whole is easily the movie industry's biggest ever. But what about quality? Perhaps surprisingly, the news is good there, too.