Posted on 12/28/2012 7:11:54 PM PST by BenLurkin
President Obama and Senate leaders were on the verge of an agreement Friday that would let taxes rise on the wealthiest households while protecting the vast majority of Americans from historic tax hikes set to hit in January.
The development marked a breakthrough after weeks of paralysis. After meeting with Obama at the White House, Senate Majority Leader Harry M. Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) said they would work through the weekend in hopes of drafting a “fiscal cliff” package they could present to their colleagues on Sunday afternoon.
As the Senate began haggling over critical details, the emerging deal faced an uncertain fate in the House, where Speaker John A. Boehner (R-Ohio) failed just one week ago to persuade his adamantly anti-tax caucus to let taxes rise even for millionaires.
Still, on Friday, Obama pronounced himself “modestly optimistic” at a brief news conference at the White House. The ordinarily dour McConnell said he was “hopeful and optimistic.” And Reid immediately began preparing Senate Democrats for what could be a difficult vote.
“Whatever we come up with is going to be imperfect. Some people aren’t going to like it. Some people will like it less,” Reid said on the Senate floor before dozens of silent and attentive senators from both parties. But “we’re going to do the best we can for . . . the country that’s waiting for us to make a decision.”
(Excerpt) Read more at washingtonpost.com ...
The deal also would likely halt a steep cut in Medicare reimbursements set to hit doctors in January and preserve popular tax breaks for both businesses and individuals, such as those for research and college tuition
Obama gets a fraudulent “solution”, conservatives gets castigated, and the media praises Obama as a hero.
All of this would have happened regardless of the outcome.
“As the Senate began haggling over critical details, the emerging deal faced an uncertain fate in the House, where Speaker John A. Boehner (R-Ohio) failed just one week ago to persuade his adamantly anti-tax caucus to let taxes rise even for millionaires. “
bullsh!t- wasn’t the plan they voted down, plan B, was a tax the millionaires now and work on spending cuts later??? someone correct me if i’m wrong...
...or..."fiscal cliff" within reach...
Did anyone honestly think this wasn’t going to happen? Betcha unemployment will spike over 10% next year.
Just as we predicted. Last minute, kicking the can down the road.
What a bunch of losers. Thanks, America, for keep voting these B******* in.
That was my first thought. Any deal that Obama agrees to will screw working America.
“bohica”
Yep...all because the pubbies are democrap-lite at this point.
There is no deal until representatives representing real taxpayer voters and real slouching takers vote on it in the house. The current make up, with more taxpayer reps than obamaphonite reps, should indicate there is no deal on a kick the can down the road approach, as “President Obama and Senate leaders were on the verge of an agreement” officials might have agreed. Hopefully that ‘should’ translates to a ‘will’.
Indeed, any “agreement” here at the end of the year should be viewed in context of 2012 - an agreement in the summer, passed in the house, didn’t go further in the Senate. Any agreement today is in the realm of Chicago voting - vote after vote until reaching the desired result: higher taxes, no change (or, an increase) on spending.
From “fiscal clift” plan to “fiscal cave” plan. Harry Reid is writing this one just like he wrote ObamaCare. What bill passed by the House is going to get a total rewrite this time. For ObamaCare I believe it was veterans bill that got Harry’s substitute ammendment.
Reading the whole article it doesn’t sound like there’s much agreement on a ‘deal’ at all.
Sometimes, doin’ nothin’ is a real cool move............
Did anyone honestly think this wasn’t going to happen? Betcha unemployment will spike over 10% next year.
It's not possible to pee in just one part of a pool. Raise taxes on one, raise taxes on all. It's that simple.
As Gomer would say..."SU-PRISE! SU-PRISE! Su-PRISE!!!!!
NOT!!!!!
” his adamantly anti-tax caucus to let taxes rise even for millionaires. “
What is scary is that they don’t even try to hide their bias.
All I see is a petty dictator telling his generals to get in line.
There is still a mess in Washington and it will be there for many years.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.