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.
Sunday, March 9 2014 2:10 PM EDT2014-03-09 18:10:31 GMT
ANNOUNCER: FROM VERMONT'S MOST TRUSTED SOURCE, WCAX BRINGS YOU YOUR NEWSMAKERS, YOUR NEIGHBORS, THIS IS "YOU CAN QUOTE ME". >> HELLO, WELCOME TO "YOU CAN QUOTE ME", I'M KYLE MIDURA, TODAY WE TALK ABOUTMore >>
Stephen Dale, the executive director of the Vermont School Boards Association joins Kyle Midura to discuss education in Vermont.More >>
Sunday, March 9 2014 10:10 AM EDT2014-03-09 14:10:32 GMT
Two New Hampshire communities damaged by storms are getting federal help. Lincoln will get more than $4.5 million for a bridge repair from Tropical Storm Irene. FEMA also awarded Lebanon more than $3More >>
Two New Hampshire communities damaged by storms are getting federal help.More >>
Sunday, March 9 2014 10:09 AM EDT2014-03-09 14:09:58 GMT
This morning, Channel 3 has learned there will NOT be a bus strike Monday morning in Chittenden County. CCTA officials told us in a statement that after 19 hours of negotiations that went into the morningMore >>
This morning, Channel 3 has learned there will NOT be a bus strike Monday morning in Chittenden County.More >>