◼ PLAYED: $1 IN CUTS FOR EVERY $41 IN TAXES... - Matthew Boyle/Breitbart
◼ Deal Means Higher Tax on 77% of Households... - Richard Rubin/Bloomberg
◼ CBO: ADDS $3.9 TRILLION MORE TO DEFICIT... - Peter Schroeder/The Hill
◼ HOLLYWOOD GETS BREAK... - Breitbart News
The Senate passed legislation meant to end the "fiscal cliff" crisis in the wee hours of the morning. And it seems Hollywood's rigorous backing of President Barack Obama and his Democrat peers in the waning months of 2012 paid off.◼ NASCAR PARTY FAVORS BURIED IN BILL... - Joel Pollak/Breitbart
Section 317 of the freshly approved legislation includes an extension for "special expensing rules for certain film and television productions." Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011.
The fiscal cliff deal extends the tax incentives through 2013--even as payroll taxes rise on ordinary Americans....AFTER RECORD BOXOFFICE YEAR
◼ MILLIONS FOR RUM PRODUCERS... - ABC
‘Fiscal Cliff’ Deal Also Doles Out Millions for Hollywood, Railroads, Rum Producers$59 million for algae growers...
◼ BREAKOUT: CANTOR MAKES HIS MOVE... - Politico
◼ Harry Reid: 'Everyone's just as tired as I am'... - Politico
◼ Krauthammer: Cliff deal 'surrender'... - Politico
◼ Kristol: Say Yes to the Mess... - Weekly Standard
Twitter:
Obama heads to Hawaii to finish his vacation politi.co/10LKolz
— POLITICO (@politico) January 2, 2013
Now the focus turns to cutting spending. j.mp/12X6j8W
— Speaker John Boehner (@SpeakerBoehner) January 2, 2013
