Tuesday, January 8, 2013
With a fiscal cliff looming, the Department of Employment Security said last month that a solution was necessary to help improve jobless rates.
Unemployment rates in Illinois dropped slightly from October 2012 to November, to 8.2 percent, and are a full percentage point compared to 2011, according to new figures released last week. November local unemployment rates fell in 11 of 12 metro areas compared to last year, according to data released by the U.S. Department of Labor and the Illinois Department of Employment Security. Kendall County overall saw a decrease of 0.9 percent from November 2011 to November 2012 to 7.0 percent. "The trend of falling unemployment rates across Illinois shows that our economy continues to improve," IDES Director Jay Rowell said. "The largest challenge to local economic growth is the fiscal cliff. Economic progress could slow at every level and we …
Sunday, January 6, 2013
Four Republicans voted against the Senate bill.
Sunday, January 6
With the clock ticking, Congress voted 257-167 to pass a Senate bill to stop the country from going over the so-called "fiscal cliff." On Tuesday, members of the House of Representatives from Illinois voted 14-4 in favor of the bill. For Republican Judy Biggert, who was defeated in November by Bill Foster in November, her vote in favor of the bill was her last as a member of the House of Representatives. Adam Kinzinger, R-Manteno, joined Biggert in voting yes, along with Dan Lipinski, D-Western Springs. Four House Republicans from Illinois voted no: Randy Hultgren (Winfield), Peter Roskam (Wheaton), Bobby Schilling (Colona) and Joe Walsh (McHenry). In the Senate, Dick Durbin, D-Springfield, voted to pass the measure. Mark Kirk, R-Highland …
Tuesday, January 1, 2013
Republican cites failure to address spending as reason for opposition.
Although the U.S. House of Representatives overwhelmingly supported a Senate-backed bill to avert the so-called "fiscal cliff," Rep. Randy Hultgren, who represents Yorkville and Kendall County, opposed the legislation. Hultgren, a Republican, said he did not support the bill that raised income taxes on high-earning Americans, because it did not address spending cuts. Calling it "indefensible," Hultgren said the package "makes the 16 trillion dollar debt and trillion dollar deficit even worse." “I’ve already voted against raising taxes on all Americans, and I cannot support an irresponsible bill which doesn’t begin to address the problem that got us into this mess in the first place," Hultgren said in a released statement. “H.R. 8 …
Friday, December 28, 2012
If Congress fails to pass an extension of the Bush era tax cuts by midnight Monday, American paychecks will get smaller. You can use the fiscal cliff calculator to see the impact on your paycheck.
With leaders of Congress becoming more and more skeptical that a deal will be reached before midnight Monday to avoid the fiscal cliff, it becomes increasingly likely that American paychecks will get smaller Tuesday, according to a story in today’s New York Times. “I have to be very honest,” Senate Majority Leader Harry Reid said in the New York Times article. “I don’t know time-wise how it can happen now.” The Senate reconvened today in an unusual session between Christmas and Jan. 1. Even if the Senate passes legislation, the House of Representatives will not come back into session until Sunday barely 24 hours before the deadline, according to a story today on Politico. If no deal is reached, a single person with two exemptions earning $…
Sunday, December 9, 2012
The MoveOn political action group plans a "Tax the Wealthy" event at 10 a.m. Monday at 14th District Congressman Randy Hultgren's Geneva office at 1797 W. State St.
A political action group is planning to picket Monday in Geneva as part of 162 "Fiscal Showdown" events nationwide asking legislators "to vote to raise taxes on the wealthy to fix the deficit." MoveOn.org, one of the largest political action committees in the country, is making a local lobbying effort at 10 a.m. Monday, Dec. 10, at the Geneva office of Republican 14th District Congressman Randy Hultgren. The office is located at 1797 W. State St. "Congress faces a fiscal choice—not a 'cliff'—about whether to end tax cuts for the rich or cut vital programs and delay tax extensions for working and middle class people," the MoveOn.org website says. "The GOP is holding us hostage again, and we could slide back into a recession if they win." …