Web Exclusive: Spending cuts could mean less tax audits - KYTX CBS 19 Tyler Longview News Weather Sports

Web Exclusive: Spending cuts could mean less tax audits

Posted: Updated:
  • CBS19.tv Web ExclusivesMore>>

  • Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Wednesday, July 30 2014 12:00 PM EDT2014-07-30 16:00:17 GMT
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>
  • Web Exclusive: Ultra HD TVs

    Web Exclusive: Ultra HD TVs

    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
  • Web Exclusive: A product to help keep sharks away on sale

    Web Exclusive: A product to help keep sharks away on sale

    Monday, July 28 2014 9:40 AM EDT2014-07-28 13:40:46 GMT
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>
    If you're headed on a beach vacation, there's a product you may be interested in to help keep sharks away.  The device is called a Shark Shield.  It is now being sold in Florida.More >>

(CBS) - There may be a bright side to this year's spending cuts in Washington. Experts say you'll have a smaller chance of being audited.  The cuts will force thousands of employees at the IRS to be furloughed without pay for up to seven days.  That means there will be fewer auditors.  People are opening up their wallets and are also seeing bigger paychecks.

The U.S. Commerce Department reported consumer spending increased 2-tenths of percent in March.  Income also grew by the same amount.  Analysts say it's a sign that the payroll tax increase has yet to put a chill on spending.

For the first time in six years, the U.S. government is paying down its debt.  The treasury says it now expects to pay off $35 billion dollars of debt this quarter.  Economists say the increase in the payroll tax at the beginning of the year and steady economic growth has put more money into the government's offers.

And more Americans are buying homes. The National Association of Realtors reports pending sales jumped 1 and a half percent.  The last time it was that high -- April 2010 when the government's home buyer's tax credit boosted sales.

Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.