fiscal cliff

Fiscal Cliff
10:40 am
Tue December 11, 2012

'Fiscal Cliff' Could Affect Mo. Economy, Budget

Missouri's gross revenue collection in July was up by .6 percent as compared to July 2010.
flickr/yomanimus

If officials in Washington don't reach a deal to avert the "fiscal cliff," Missouri could see a hit to its economy and budget.

The Federal Funds Information for States estimates Missouri could lose $1 billion of Defense Department spending on contracts and military institutions if federal spending cuts take effect in the new year. The Washington-based organization estimates those automatic cuts also could result in a $125 million reduction in federal grants to state programs, such as public schools and early childhood programs.

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agriculture
12:20 pm
Sun December 2, 2012

Mo. Farm Bureau Eyes Fiscal Cliff At Annual Meeting

Credit channone / Flickr

Blake Hurst is president of the Missouri Farm Bureau, and he sounds kind of exhausted when talking about a farm bill that remains stalled in the House Agriculture Ccommittee. 

He says if lawmakers really want to slam the brakes before rolling off fiscal cliff, the farm bill is a pretty good place to start.

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Politics
6:15 pm
Tue November 20, 2012

Ann Wagner Toes Party Line On Taxes, Despite "Fiscal Cliff"

Republican Ann Wagner speaking to the RCGA
Credit Christine Page / St. Louis Regional Chamber and Growth Assoc.

Missouri Congresswoman-elect Ann Wagner says she would not support any plan to increase tax rates to avoid the so-called “fiscal cliff.”

Failure to reach a deal before January First would result in immediate tax increases and across the board spending cuts.

Wagner spoke at a luncheon of the St. Louis Regional Chamber and Growth Association on Tuesday.  On the issue of the so-called “fiscal cliff” said she supports a compromise to generate revenue by reforming the nation’s tax code, while also preserving the Bush-era tax cuts on the wealthiest 2-percent of Americans.

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St. Louis on the Air
1:59 pm
Tue November 20, 2012

Update On Mo. And Ill. Delegations During Lame-Duck Congress

U.S. Capitol, Capitol Hill, Washington D.C.
Evan C. Parker Via Flickr

The lame duck Congress is now in session and while historically known as a time of inaction, the large task of avoiding the “fiscal cliff” is ever-present.

The fiscal cliff is a combination of tax increases and spending cuts which would take effect on January 1, 2013, primarily due to the expiration of the Bush-era tax cuts.

Host Don Marsh talked with Rob Koenig, the St. Louis Beacon’s Washington D.C. correspondent.

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