If a new budget deduction plan is allowed to pass in the federal government, home owners in the Mohawk Valley could see a massive increase in their taxes.
Washington, DC (WIBX) - In a new survey of more than twenty-five hundred Americans, about one-third consider themselves part of the lower or lower middle classes. That reflects an increase over four years ago.
Marcy, NY (WIBX) - Tax cuts put into effect during the Bush administration are set to expire January first. President Obama wants those tax cuts extended for another year for families making less than $250,000 per year, but says that taxes on those making more should increase, saying that those cuts have contributed to the soaring deficit.