A term we're hearing a lot these days is "fiscal cliff." If Congress and the president can't agree on a plan, a series of tax increases and spending cuts will go into effect Jan. 1. Many people would see their taxes go up, while the government budget would be cut, reducing spending on defense and lowering some benefits.
But with so much uncertainty there are already impacts, especially when it comes to taxes.
Rick Wolfish is a certified public accountant with Gallagher, Flynn and Company. He appeared on The :30 to explain what all this could mean for your wallet. Watch the video for more.
Wednesday, June 19 2013 11:58 AM EDT2013-06-19 15:58:24 GMT
Vermont State Police are on the scene of an incident in Peacham, investigating a report of shots fired and a missing man. Police say at around 7 a.m. this morning, a woman told them a white van came toMore >>
Vermont State Police are on the scene of an incident in Peacham, investigating a report of shots fired and a missing man.More >>
Wednesday, June 19 2013 12:12 PM EDT2013-06-19 16:12:41 GMT
Burlington police are investigating a hit-and-run accident. Police say Monday at 4:10 p.m., a woman was walking in the crosswalk at College St. near the Waterman Building at UVM, when she was hit by anMore >>
Police are asking the public for help identifying the suspect in a hit-and-run accident on College Street in Burlington.More >>
Wednesday, June 19 2013 10:03 AM EDT2013-06-19 14:03:21 GMT
A former Customs Agent will sell more more than 150 guns that were seized from his Brattleboro home during a 2011 raid. Special Agent Richard Bernholz pleaded guilty Tuesday in federal court to filingMore >>
A former Customs Agent will sell more more than 150 guns that were seized from his Brattleboro home during a 2011 raid.More >>