6 Post-Election Workplace Issues You Need to Know

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The national election results suggest that the overall political landscape will remain largely unchanged in Washington, for at least the next two years until the 2014 midterm election. As a result, HR professionals should expect similar legal trends to persist at the federal level, with President Obama and split control of Congress between the Republicans and Democrats. Here are six (6) workplace issues you need to know:

1. Fiscal Cliff

The fiscal cliff is approaching and could result in numerous spending cuts and large tax increases that will affect both your business and employees on January 1, 2013. Notable taxes set to increase which may apply to your employees include the payroll tax, Bush-era tax cuts, Obama-era tax cuts, AMT patch, and taxes associated with health care reform. In addition, large cuts in defense spending are set to go into effect at the same time. Congress still has time to act before all of these changes go into effect, but no agreements have yet been reached.
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