Written by Your 5News Team
Last updated on January 03, 2013 @ 11:35PM
Created on January 03, 2013 @ 7:45PM
CHARLESTON, W.Va. (AP) - U.S. Sen. Jay Rockefeller says most West Virginians will benefit from the fiscal cliff deal approved by Congress.
The legislation raises the top income tax rate on families earning over $450,000 a year. It also includes $12 billion in spending cuts.
Rockefeller said Thursday that the bill extends tax cuts for 99.7 percent of Mountain State residents.
The West Virginia Democrat says many tax credits will continue under the legislation. They include the earned income tax credit, expanded child tax credit and tax credits for economic development, mine safety and school construction.
About 10,000 West Virginians will continue to receive federal unemployment benefits.
President Barack Obama signed the bill Wednesday evening.
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Jan 03, 2013 at 8:38 PM
Isn't it just like a rotten politician to "claim" something without proving it? And isn't it just like a politician to "Not" tell the people EVERYTHING? Like, for instance, how everyone's paycheck will be smaller this week? Those who get paid next week will be shocked as well. Rockefeller doesn't want to mention that does he? Since he voted for this. Did he think workers wouldn't notice a lesser paycheck? I am not voting for him next time around. I hear Shelly Moore-Capito is running against him. She's got my vote!!!