Congressional efforts to reduce the U.S. deficit revived tax breaks for mortgage insurance and extended interest deductions for homeowners that will cost the government $600 billion over five years.
Homeowners will save about $100 billion this year from mortgage interest deductions, according to Compass Point, helping to make buying more affordable relative to renting. Congress, meanwhile, allowed payroll tax cuts to lapse, which will pull more than $100 billion from the economy, the primary reason why 77.1 percent of U.S. households face higher taxes in 2013, according to the nonpartisan Tax Policy Center.
The 64th edition of the Junior Orange Bowl Parade takes
place on the streets of Downtown Coral Gables on Sunday, December 30, 2012. The
parade begins at 4:00 pm on the corner of Alhambra Circle and Ponce de Leon
Boulevard. It will head south to Miracle Mile where it will turn west and make
its way toward the grandstand on Biltmore Way in front of Coral Gables City
Known as the signature event of the Junior Orange Bowl
International Youth Festival, the parade features floats, horses, marching
bands, live music, and other moving vehicles. Hundreds of children and families
attend the celebration of active youth and community every year.
This year's theme, "Sailing to New Adventures," commemorates
the 500th anniversary of Ponce de Leon's arrival in Florida.
The parade is free to the public. However, a limited number
of grandstand tickets with premium seating can be purchased online. For more
information on the Junior Orange Bowl Parade, visit www.jrorangebowl.com.