Finance expert Mike Periu on the increasingly contentious fiscal cliff negotiations, “Plan B” Is Met With Stiff Opposition From the White House.
Fiscal cliff negotiations between the Speaker of the House and the President have suddenly turned chilly and acrimonious. As both sides failed to reach an acceptable compromise yesterday, the House of Representatives will vote on a “Plan B” to partially avert the fiscal cliff. Plan B will increase marginal income taxes rates for those with incomes in excess of $1 million. It also increases capital gains and dividend income tax rates but only for this high income group. Plan B also leaves the estate tax where it is today and adjusts the Alternative Minimum Tax calculation to avoid an expansion in the types of tax payers that need to pay it. In effect, Plan B raises taxes on the highest income earners and avoids tax increases on those making less than $1 million per year. The President has indicated that he opposes Plan B and would veto it.
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Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
