As the time to avoid the approaching fiscal cliff can now be counted in hours, President Obama and the Senate returned to Washington to resume work Dec. 27. The House of Representatives, however, will not return until Dec. 30—only 30 hours before the deadline. At this point, it’s hard … [Read more...]
Fiscal Cliff Days Away, Plan B Denied and No Resolution in Sight
As House Speaker John A. Boehner put forth a proposal to end fiscal cliff worries, Democrats rejected the plan out of hand, but now even Republicans don't support the plan. Boehner told the press, "The house did not take up the tax measure today because it did not have sufficient … [Read more...]
President Obama Rejects John Boehner’s $1 Million Tax Increase (Plan B)
Fiscal Cliff talks appear to have reached a standstill as of Wednesday morning, after President Barack Obama outright rejected Republican House Speaker John Boehner's “Plan B” offer to raise income taxes on Americans making over $1 million a year in exchange for unspecified spending … [Read more...]
Fiscal Cliff Looming Over US as Tax Increase Battle Heats Up
With the fiscal cliff looming ever nearer, talks between Republican House Speaker John Boehner and President Barak Obama are appearing to increase in tension. Reports indicate that the wedge issues that cannot be resolved in negotiation are tax hikes for the wealthiest 2 percent of … [Read more...]
Fiscal Cliff Fears Intensify as Deadline Gets Closer
As the year-end approaches, angst over the impending fiscal cliff only gets worse. There seems to be little real compromise coming out of Washington to get this behind us. The political posturing continues as Americans watch and hope a resolution will be found before the clock runs … [Read more...]
Obama Invites Lawmakers to White House Tax Talks
Has an olive branch been extended in Washington? In a Nov. 9 press conference President Obama told Republican lawmakers he was “open to compromise” in order to solve the nation’s approaching fiscal cliff debacle—when massive spending cuts and expiring tax cuts will simultaneously … [Read more...]
