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Joe Pags
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Local News

Now it's hoped congress can reach a scaled back agreement that would extend the tax cuts for households earning less than 250-thousand dollars.


The sticking point is taxes.  Republicans want all the tax cuts continued.  Democrats want those earning more than 250-thousand dollars to return to the tax rates of the 1990's.


Financial advisor Troy Reinahrt with Northwest Quadrant Management, says if agreement isn't reached, a lot of people will be hurt.


"If you take all the taxes that are going to get raised on the middle class and rich and all the federal spending cuts, it will be a three and a half to five percent drag on the economy.  When the economy is only growing at three percent, it will cause us to go into recession."


President Obama and congressional leaders are back in Washington trying to work out a deal before the end of the year.


Traffic & Weather




  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.


  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)


  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
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