Five Things You Should Know Today, January 2, 2012

1. 188th General Court Convenes Today

The 188th General Court of the Commonwealth of Massachusetts will be sworn in today.  There will be four less Republican’s in this session.  Two years ago, to the day, the Democratic super-majority leadership used the swearing in as a chance to pay tribute to three former convicted felon speakers.   Here’s the video.

Will they repeat this today?  If so, Sal Dimasi won’t be there, as he’s still in jail.

2. Taxes go up on most Americans

You wouldn’t know it, based on the coverage of the Fiscal Cliff deal, but the paycheck of just about every American will be going down, significantly starting this week.  The 2% temporary payroll tax cut has not been renewed.  This means that every taxpayer, with income, will see his or her paycheck shrink, starting this week.  How much?  

$30,000 – $11.54 per week less – $600/year

$50,000 – $19.23 per week less – $1000/year

$70,000 – $26.92 per week less – $1400/year

That’s a significant pay cut, for a lot of people.  It will probably hit those in the hospitality (Restaurant) industry the hardest.  All for a program, Social Security, that won’t be there for the majority of Americans.

3. Cantor vs. Boehner Speakership Fight?

There is growing speculation that there will be a speakership fight between Majority Leader Eric Cantor, and Speaker Boehner on Thursday.  This is being fueled by the final tally of the Fiscal Cliff vote last night.  Where the majority of Republicans, led by Eric Cantor, voted against the so-called compromise legislation.

4. WTKK signs off today

WTKK has been given a 3 hour reprieve from death today, to allow Jim Braude, and Margery Eagan the chance to end their show.  A small prediction? Michael Graham will end up on WRKO, he was the highest rated show on WTKK, and according to sources was responsible for most of their profit.  Jeff Kuhner hasn’t quite gelled with audiences, I expect Graham will take that slot.

5. Back after hiatus

After the election, I made the concious effort to focus on my day job for a couple months.  It was something I needed to do.  As we start the new year, I’m back.  I thank you all for your patience.

About Rob "EaBo Clipper" Eno