Fiscal cliff deal awaits president's signature

The measure raises taxes for people who make more than $400,000 a year.

The measure raises taxes for people who make more than $400,000 a year. (1/2/13)

NORWALK - After weeks of gridlock, a late night deal to pull the country back from the fiscal cliff only needs the signature of President Obama to become law.

The measure raises taxes for people who make more than $400,000 a year, and couples who make more than $450,000 annually.

The deal also extends long-term unemployment benefits and prevents a cut in fees for doctors who treat Medicare patients.

"Avoiding the fiscal cliff means 1.4 million families in Connecticut will not be hit with very steep, severe tax hikes," said Sen. Richard Blumenthal (D-Conn.).

advertisement | advertise on News 12

Trending Video

1 Rangers riding 3-game winning steak into 2nd round of playoffs
2 VIDEO: 2 men hold up Thornwood Verizon store
3 Rangers riding 3-game winning steak into 2nd round of playoffs
While the short notice sent parents scrambling, the 4 School bus service in limbo due to potential strike in Westport
Bus strike 5 Bus strike

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE