After a stand-off that came down to the wire, Congress finally passed a bill to avert the fiscal cliff earlier this week. The bipartisan legislation passed the Senate in the early morning hours of the New Year by an overwhelming margin of 89-8. Later that day it passed in the House by a vote of 257-167.
Many of you wondered how the legislation- which was signed into law by President Obama on January 2nd, just before the new Congress was sworn in- will affect you?
Christine tweeted the following question: “I made roughly $150,000 during 2012 can you tell me how much my taxes will go up?”
Brenda Lopez asked: “How does [the deal] affect unemployment benefits?”
And Philip Lipper wrote in on Facebook: “Why would the Republicans vote a deal that didn’t cut spending $1? It would seem it was political suicide with the base?”
Thanks for all of your great questions. Please keep them coming on Facebook and Twitter. I’ll see you tomorrow on "Good Morning America" and Sunday on “This Week,” “where I'll have an exclusive interview with the man at the middle of the fiscal cliff negotiations, Mitch McConnell, along with a powerhouse featuring George Will, Robert Reich, Gwen Ifill and Greta Van Susteren.”