Debt Ceiling Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/tag/debt-ceiling/ Helping Individuals & Businesses Enter The Tax Preparation Industry Wed, 03 Jun 2020 14:50:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Tax Implications of Federal Government passing Debt Ceiling Increase https://www.federaldirecttax.com/blog/tax-implications-of-federal-government-passing-debt-ceiling-increase/ Wed, 03 Aug 2011 15:24:13 +0000 http://www.federaldirecttax.com/blog/?p=630 The bill to increase the US debt ceiling passed both the House and Senate Monday evening.  The bill raises the debt ceiling in several increments throughout the next year and gets us past the 2012 election.  A “super committee” comprised of both Republicans and Democrats will convene to approve another 1.5 trillion in borrowing for […]

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