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January 3, 2013
nationaljournal:


When a Robot Signs a BillBy Brian Resnick
Yesterday, the president was in Hawaii but the recently passed fiscal-cliff deal was in Washington. How could the presidential signature be affixed to the bill to make it law? Obama signed it via a robot, the autopen.Here’s a brief history of the gadget. (Did you know Thomas Jefferson was the first president to use it?)


Just want to point out that this robotic pen is literally signing its John Hancock (look closely at the photo).

nationaljournal:


When a Robot Signs a Bill

By Brian Resnick

Yesterday, the president was in Hawaii but the recently passed fiscal-cliff deal was in Washington. How could the presidential signature be affixed to the bill to make it law? Obama signed it via a robot, the autopen.

Here’s a brief history of the gadget. (Did you know Thomas Jefferson was the first president to use it?)

Just want to point out that this robotic pen is literally signing its John Hancock (look closely at the photo).

(via good)

17:22 // 1 year ago
January 1, 2013

Obama’s eventful evening, told in pictures

10:45 p.m.: The House passes the Fiscal Cliff bill, after a solid day of hand-wringing
11:25 p.m.: Obama wearily speaks to reporters regarding the deal made, after signing the bill. 
11:32 p.m.: Obama plots his trip back to Hawaii. “My work is done here,” he was probably saying to himself as he boarded Air Force One.

23:50 // 1 year ago
December 31, 2012
demnewswire:

Senate Democratic aide: White House and GOP reach deal on fiscal cliff.

Some details on the deal, from CBS:

Tax rates: current tax rates will be extended for all wage earners making below $400,000 and couples making below $450,000. This was a key concession for both Republicans and Democrats. Democrats wanted the threshold for tax increases to rest at $250,000 and Republicans didn’t want marginal tax rates to increase for anyone.
The estate tax: it was set to increase from rom 35 percent to 55 percent in 2013. Instead, the compromise sets the new rate at 40 percent with the first $5 million worth of property exempt from being taxed.
Capital gains tax: Capital gains and dividend tax rates will increase from 15 to 20 percent.
Alternative Minimum Tax: a permanent fix to the tax that would hit middle class families “Doc Fix”: doctors will be shielded from a massive reimbursement gap for treating Medicare patients.
Unemployment benefits: unemployed workers will receive their benefits which expired over the weekend.
Renewable energy tax credit: the tax credit for renewable energy companies will be extended for another year.

The deal involves a little bit of kicking the can down the road: Sequestration will be held off for two months. Which means that, for the first time ever, an odd-numbered year may be a leap year, as the deal would expire at the end of February.

demnewswire:

Senate Democratic aide: White House and GOP reach deal on fiscal cliff.

Some details on the deal, from CBS:

Tax rates: current tax rates will be extended for all wage earners making below $400,000 and couples making below $450,000. This was a key concession for both Republicans and Democrats. Democrats wanted the threshold for tax increases to rest at $250,000 and Republicans didn’t want marginal tax rates to increase for anyone.

The estate tax: it was set to increase from rom 35 percent to 55 percent in 2013. Instead, the compromise sets the new rate at 40 percent with the first $5 million worth of property exempt from being taxed.

Capital gains tax: Capital gains and dividend tax rates will increase from 15 to 20 percent.

Alternative Minimum Tax: a permanent fix to the tax that would hit middle class families “Doc Fix”: doctors will be shielded from a massive reimbursement gap for treating Medicare patients.

Unemployment benefits: unemployed workers will receive their benefits which expired over the weekend.

Renewable energy tax credit: the tax credit for renewable energy companies will be extended for another year.

The deal involves a little bit of kicking the can down the road: Sequestration will be held off for two months. Which means that, for the first time ever, an odd-numbered year may be a leap year, as the deal would expire at the end of February.

(via resurrecthobbes)

21:29 // 1 year ago
December 30, 2012
15:34 // 1 year ago
December 25, 2012
21:25 // 1 year ago
November 11, 2012
19:11 // 1 year ago