Yesterday Ezra Klein, at the Washington Post, wrote a piece that’s gotten a lot of attention. (emphasis added throughout post) The fiscal cliff deal comes clearer: a 37% top tax rate and a higher Medicare eligibility age Right now, the fiscal cliff negotiations are proceeding on two tracks. One track includes the press releases, public [...]
Tag Archives | Boehner
What Does it Mean That Obama Is ‘Absolutely’ Willing to Go Over a (Contrived) Cliff?
ABC News reports: President Obama’s lead negotiator in the ‘fiscal cliff’ talks said the administration is ‘absolutely’ willing to allow the package of deep automatic spending cuts and across-the-board tax hikes to take effect Jan. 1, unless Republicans drop their opposition to higher income tax rates on the wealthy. Treasury Secretary Timothy Geithner said in [...]
GOP ‘Fiscal Cliff’ Counteroffer Rejected by WH
According to The Hill, the Republican House leader’s proposal to $2.2 trillion cut from the deficit included a “combination of spending cuts, entitlement reforms and $800 billion in new tax revenue.” Republican officials said their 10-year plan contained more deficit reduction than the offer the White House presented last week while standing firm against Obama’s [...]
Liberally Independent: Sizing up the Super Committee
Joyce L. Arnold: Liberal, lesbian, Independent, equality activist, writer. The Super Committee is, as you’ll remember, a part of the debt-limit deal. Twelve members of Congress, six Democrats and six Republican, have until November 23 to draft a proposal that will provide at least $1.5 trillion in deficit-reduction measures, over ten years. Within a month [...]
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