Current Affairs

1
Current Affairs
Study Material For Current Affairs

• Voting on New Years Day for the first time in
  62 years, the united States House of
  Representatives has passed the American Taxpayers
  Relief Act of 2012 (the so-called fiscal cliff
  bill) by 257 votes to 167.
• The Act will end the temporary tax breaks granted
  by President George W. Bush in 2001.
• The bill makes permanent the temporary rates on
  taxable income at or below 400,000 or
  individual filers and 450,000 for married
  individuals filling jointly.