Fiscal Cliff Deal Brings Real Changes For Nevadans - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Fiscal Cliff Deal Brings Real Changes For Nevadans

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While the future of the legislation is still up in the air, Northern Nevadans are talking about what a deal to avoid the fiscal cliff would mean for them.

To help you out, here's a quick list of what changes the bill brings for those living in the Silver State. It extends unemployment benefits for Nevadans. Nevadans will also see their payroll taxes go up 2%.

The bill would increase estate and capital gains taxes.

The state sales tax deduction, which allows Nevadans to deduct a portion of their sales tax from their federal tax returns is expected to save hundreds of dollars for families.

The bill would prevent taxes from increasing for about 1 million Nevadans, according to Senator Harry Reid's office.

I asked some folks today what they think about the fiscal cliff deal and a compromise over taxes.

"Well, I think it's always important to come to a compromise, but I don't think it's ever a good idea to raise taxes, especially in today's economy," said Theresa Santos.

I think a compromise is best for everyone," said Bill Anderson of Reno. "It shows at least they're all trying to get along. Everyone has to make sacrifices right now."

Written by Chris Ciarlo

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