For now, it seems that the fiscal cliff crisis has been temporarily adverted. The Senate and House approved the American Taxpayer Relief Act of 2012, which has prevented old budgeting from sending the country hurtling down the Fiscal Cliff.
But don’t get too excited. The battle isn’t over and in some ways it’s just beginning. The new deal, which is designed to keep our economy from another recession, increases taxing on the wealthy but has temporarily halted many changes in government spending.
In further detail, here’s what some of the new bill entails:
- Tax rates will increase for taxpayers with incomes higher than $450,000
- Changes in estate taxing was adverted
- Middle class has an extension on stimulus tax cuts
- Capital gains taxes increase to 20% for high earners
- Some estimates say the deal will provide bout $600 B in revenue over the next 10 years.
However, there’s been no real agreement on what should be done about government spending cuts.Read More
As we sing the last hoorahs of 2012, young politicas and politicos everywhere may feel a bit of uncertainty over where the next year is headed. We’ve seen many victories for our interests, but what will newly elected policy makers do to ensure that they earn their keep?
And what’s next for us?
Here are my five hopes for young people and politics in 2013.
1. For young people to go from special report to necessary demographic in national media.
It seems that the results of the November election came as a shock to the media and pollsters. We have proved that we swing elections and that we here to stay. And our age group piques the interests of many demographics.
I hope that instead of getting a special write up in Huff Post College, we will make it to the front page.
2. For young people to remain politically active.
In the coming year, young people must remain engaged with the political process in order to remain relevant. Just as the media remembered us in the 2012 election, they can as soon forget about us in 2013!Read More
Now that the election is over, many young voters will likely retire their ‘concerned citizen’ badge until presidential primaries start up again. Being a politically active young person, however, is more than just voting for a president. There have been dramatic repercussion in the last four years due to youth voter inactivity between presidential elections.
In our own instant gratification generation psyche, many of us thought we had already created change by electing one man into the U.S. presidential seat. When it came to the midterm races in 2010, there was a 60% youth voter decline from 2008.
If more of us would have voted in 2010, perhaps there would have been tremendous changes. Perhaps the youth vote would have decided the election like it did in 2012.
Isn’t the rip-and-tear of the House over the past two years, all the ‘gridlock’, worth taking a stance?Read More
In recent U.S. presidential elections, there has been a bipartisan effort to engage youth voters. The effort has been seen in candidates’ web/social media efforts, the recent upsurge of multi-party activism on campus, and the growth of youth organizations promoting youth political involvement.
It’s quite a change, given that we college students were more likely to be shooed away from the speaking platform in the 1960’s and 1970’s.Read More