Sherman family feeling pressure from looming fiscal cliff - KTEN.com - No One Gets You Closer

Sherman family feeling pressure from looming fiscal cliff

Posted:
  • Texoma HeadlinesMore>>

  • Wild Horse & Burro Adoption Heading to Sulphur Springs, TX, August 1-2

    Wild Horse & Burro Adoption Heading to Sulphur Springs, TX, August 1-2

    The U.S. Bureau of Land Management (BLM) will hold a wild horse and burro adoption in Sulphur Springs, Texas, August 1-2, 2014. The two-day event at the Hopkins County Regional Civic Center will feature dozens of spectacular animals. These are adult and yearling horses and burros that once roamed free on public lands in the West. The BLM periodically removes excess animals from the range in order to maintain healthy herds and to protect other rangeland resources. The adoption program is essen...More >>
    The U.S. Bureau of Land Management (BLM) will hold a wild horse and burro adoption in Sulphur Springs, Texas, August 1-2, 2014. The two-day event at the Hopkins County Regional Civic Center will feature dozens of spectacular animals. These are adult and yearling horses and burros that once roamed free on public lands in the West. The BLM periodically removes excess animals from the range in order to maintain healthy herds and to protect other rangeland resources. The adoption program is essen...More >>
  • Marshall Co. Man Disappears After Night Of Drinking With Relatives

    Marshall Co. Man Disappears After Night Of Drinking With Relatives

    MARSHALL COUNTY, OK -- Deputies say it's been nearly 3 days since a man disappeared from a home near Madill after a night of drinking, and now they're hoping someone may have spotted him.More >>
    MARSHALL COUNTY, OK -- Deputies say it's been nearly 3 days since a man disappeared from a home near Madill after a night of drinking, and now they're hoping someone may have spotted him.More >>
  • Man Arrested in Connection to Bryan Co. Shooting

    Man Arrested in Connection to Bryan Co. Shooting

    BRYAN COUNTY, OK -- A man has been taken into custody in connection with a homicide investigation out of Bryan County. Officials say a man was found shot on Sunday night on the "Little Blue Bridge" in Blue, Oklahoma.More >>
    BRYAN COUNTY, OK -- A man has been taken into custody in connection with a homicide investigation out of Bryan County. Officials say a man was found shot on Sunday night on the "Little Blue Bridge" in Blue, Oklahoma.More >>

SHERMAN -- Patricia Alexander says she was devastated when she learned she was unable to conceive any more children.

"It was hard. I went through a lot of turmoil," she said.

That's when she and her husband Neal turned to adoption.

They're currently in the final stages of adopting two baby girls who've been living with them for the past year.

Adopting makes the Alexanders eligible to receive a $13,000 tax credit, money Patricia says she could put to good use.

But that $13,000 is now in limbo because a decision by Washington lawmakers to extend massive tax cuts and avert a fiscal cliff is coming down to the wire.

Doctor William Wallace, an economics professor at the University of North Texas, says if tax breaks aren't extended, it's families like the Alexanders who will suffer. He also says not extending the tax cuts will almost certainly send the economy spiraling into another recession.

The Alexanders say a decision from Washington can't come soon enough.