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AP SOURCES: 'FISCAL CLIFF' DEAL EMERGING
AP ^ | Dec. 31 1:08 PM EST | By JULIE PACE and BEN FELLER

Posted on 12/31/2012 10:27:08 AM PST by Behind Liberal Lines

Edited on 12/31/2012 10:42:55 AM PST by Admin Moderator. [history]

WASHINGTON (AP) — The contours of a deal to avert the 'fiscal cliff' emerged Monday, with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.

But with a midnight deadline rapidly approaching, both sides were at an impasse over whether to put off automatic, across-the-board spending cuts set to take effect on Jan. 1, and if so, how to pay for that. Democrats want to put off the cuts for one year and offset the so-called sequester with unspecified revenue.

Officials emphasized that negotiations were continuing and the emerging deal was not yet final. President Barack Obama was to speak about the status of the negotiations from the White House Monday afternoon.

The proposal in the works would raise the tax rates on family income over $450,000 from 35 percent to 39.6 percent, the same level as under former President Bill Clinton. Also, estates would be taxed at 40 percent after the first $5 million for an individual and $10 million for a couple, up from 35 percent to 40 percent.

Unemployment benefits would be extended for one year. Without the extension, 2 million people would lose benefits beginning in early January.

Excerpt


TOPICS: Breaking News; Business/Economy
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Grab your ankles, kids.
1 posted on 12/31/2012 10:27:18 AM PST by Behind Liberal Lines
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To: Behind Liberal Lines

The news media’s “fiscal cliff” bs is just a plot to get Republicans to agree to raise taxes. Then the democrats/media will use that “Republicans raised taxes” to suppress conservative voter turnout in the 2014 election to get the House in democrat hands again so then they can pass Amnesty and gun control. Republicans shouldn’t fall for this and not agree to any stupid deal.

I tried calling the House switchboard yesterday and no answer


2 posted on 12/31/2012 10:28:24 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Behind Liberal Lines
I have my Preparation H on stand by.
3 posted on 12/31/2012 10:29:14 AM PST by linn37 (w)
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To: Behind Liberal Lines

Exactly. Hosed again.


4 posted on 12/31/2012 10:29:17 AM PST by SueRae (It isn't over. In God We Trust.)
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To: Behind Liberal Lines
If there is an agreement... obama will probably screw us and finally destroy what is left of the tattered republican party. All in the name of compromise.

LLS

5 posted on 12/31/2012 10:30:10 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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Comment #6 Removed by Moderator

To: Behind Liberal Lines

7 posted on 12/31/2012 10:31:40 AM PST by ILS21R (Everything is a conspiracy. No? You're living in one.)
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To: Behind Liberal Lines

Another holiday eve vote.


8 posted on 12/31/2012 10:32:00 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Behind Liberal Lines

benghazi barry gets his punitive tax on the producers


9 posted on 12/31/2012 10:33:41 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Democrat_media

The Republicans agreed to raise taxes when they accepted this deal in 2011 during the debt ceiling.


10 posted on 12/31/2012 10:33:54 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Behind Liberal Lines

benghazi barry gets his punitive tax on the producers


11 posted on 12/31/2012 10:34:00 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Behind Liberal Lines

Hope it’s not true —


12 posted on 12/31/2012 10:34:35 AM PST by Uncle Chip
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To: cripplecreek

Yeah and I tried to call the Congress switchboard yesterday and no answer.

I wanted to tell Republicans not to listen to the news media and not to agree to any deal


13 posted on 12/31/2012 10:34:50 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Behind Liberal Lines

All that is required for evil to succeed is for Congress to do “something”.


14 posted on 12/31/2012 10:35:53 AM PST by Sirius Lee (All that is required for evil to succeed is for Congress to do "something".)
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To: Behind Liberal Lines

Fear not! For as soon as the cave in is announced and official, flocks of GOP sheep will descend on these threads to tell us who a cave was not really a cave and that it’s ‘the best we could do’.

This will be followed by the condemnation for the mere idea that we should stop supporting the party that considers the sodomy of it’s base a sacrament.

In other words, Same poop, different day.


15 posted on 12/31/2012 10:35:56 AM PST by Norm Lenhart
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To: Wyatt's Torch
The Republicans agreed to raise taxes when they accepted this deal in 2011 during the debt ceiling.

Right, during the debt ceiling negotiations, where we supposedly have the upper hand. Hmmmm.

16 posted on 12/31/2012 10:36:02 AM PST by ez (When you're a hammer, everything looks like a nail.)
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Comment #17 Removed by Moderator

To: Democrat_media

We need a law that will invalidate anything passed after 8 pm or on holidays. Stealth votes should be illegal.


18 posted on 12/31/2012 10:39:51 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ILS21R

Looks like my patience gauge.


19 posted on 12/31/2012 10:39:54 AM PST by SueRae (It isn't over. In God We Trust.)
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To: Behind Liberal Lines

We’re going over the cliff no matter what they do. They’re just going to tie a rope around our necks to stop us before we hit bottom.


20 posted on 12/31/2012 10:40:07 AM PST by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: Behind Liberal Lines
It looks like my modest investment in stock of Johnson & Johnson and Unilever may be paying off sooner than anticipated. (Makes of Vaseline and K-Y Jelly)
21 posted on 12/31/2012 10:41:57 AM PST by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: Behind Liberal Lines

It’s possible this is a true story and there could be a deal emerging.

However it is also highly likely Obama wants everyone to THINK a deal is emerging and then at last minute say Republicans killed it (a lie) and say no deal. He would enjoy the drama and higher taxes. If there is expectation of a deal then the sheep that even follow this crap relax a bit and count on deal. Then when the deal is “taken away from them” they become angry and Obama will work to ensure that anger is directed at Republicans. we’re being played like suckers


22 posted on 12/31/2012 10:43:32 AM PST by plain talk
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To: Behind Liberal Lines
.... I really get a chuckle out of this heavily choreographed dance of fiscal negotiations. They exist only for the public consumption to create a perception that this administration really does care about the people.

... Conservatives have been complaining about Speaker Boehner since his first blubbering sob on camera when he first took on the mantle. He has done nothing but dance to the fiddle of this administration since that moment. Yet for some inexplicable reason ... he still holds the office of the Speaker.

The Prez knows how to push the right buttons out of the GOP for maximum effect and he is a valuable asset to Mr. Obama for that reason. Any ground that the Speaker thinks he has made .... will merely be reversed in the near future by this administration.

23 posted on 12/31/2012 10:47:00 AM PST by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: Behind Liberal Lines

Republicans agree to further burden business owners with higher taxes, INCREASE the estate tax, and NO spending cuts? WTF? I am no longer a Republican! Someone tell me what party I should join. Running out of options!


24 posted on 12/31/2012 10:47:32 AM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: Behind Liberal Lines

Hey! Where’s my wallet?


25 posted on 12/31/2012 10:48:08 AM PST by COBOL2Java (kak-is-toc-ra-cy: Government by the least qualified or most unprincipled citizens. See: GOP-e)
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To: Behind Liberal Lines

26 posted on 12/31/2012 10:50:17 AM PST by Colonel_Flagg ("Don't be afraid to see what you see." -- Ronald Reagan)
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To: Behind Liberal Lines

Not a word about the run away spending. $4 Billion a day being borrowed. That’s the REAL fiscal cliff.


27 posted on 12/31/2012 10:50:17 AM PST by swamprebel (a Constitution once changed from Freedom, can never be restored.)
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To: Behind Liberal Lines
Grab your ankles, kids.

And keep plenty of vaseline handy. Here comes the cowardly Republican House, guiding the Democrats right in.

For the first time in my life I am ready to consider going turd party.

28 posted on 12/31/2012 10:50:54 AM PST by Lancey Howard
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To: Behind Liberal Lines

Assume the position....


29 posted on 12/31/2012 10:51:21 AM PST by jughandle
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To: Behind Liberal Lines
Democrats want to put off the cuts for one year and offset the so-called sequester with unspecified revenue.

Lucy... don't you dare.

30 posted on 12/31/2012 10:51:21 AM PST by Principled
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To: Lancey Howard

Where did he find all these people on New Years Eve?


31 posted on 12/31/2012 10:52:57 AM PST by EQAndyBuzz (You can't bring something to its knees that refuses to stand on its own)
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To: Norm Lenhart
Fear not! For as soon as the cave in is announced and official, flocks of GOP sheep will descend on these threads to tell us who a cave was not really a cave and that it’s ‘the best we could do’.

This will be followed by the condemnation for the mere idea that we should stop supporting the party that considers the sodomy of it’s base a sacrament.

In other words, Same poop, different day.

In other words:


32 posted on 12/31/2012 10:53:27 AM PST by COBOL2Java (kak-is-toc-ra-cy: Government by the least qualified or most unprincipled citizens. See: GOP-e)
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To: Behind Liberal Lines

Let me guess. The Republicans will fold like lawn chairs and the news media will report how Barry Hussein is a champion of the people. Say hello to higher taxes!


33 posted on 12/31/2012 10:54:38 AM PST by 4yearlurker (No matter who you elect,the government eventually gets in.)
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To: Behind Liberal Lines

Praise Allahpeanutbutterjelly sandwiches!


34 posted on 12/31/2012 10:56:05 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: Behind Liberal Lines

Let’s hope Boehner didn’t throw in extending the fraud consent decree another ten years./s


35 posted on 12/31/2012 10:57:11 AM PST by Enough is ENOUGH (The ultimate goal of socialism is communism.)
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To: Behind Liberal Lines

LOL...Zero just said we need spending cuts to help avoid these spending cuts. What a tool.


36 posted on 12/31/2012 10:57:19 AM PST by ez (When you're a hammer, everything looks like a nail.)
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To: EQAndyBuzz
Where did he find all these people on New Years Eve?

homeless shelter or 'staycation'?(the "new normal")

37 posted on 12/31/2012 10:57:19 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: COBOL2Java

I am about through with the whole thing to be honest. The conservative movement is thoroughly infiltrated with moderates at best. And they are proud of it.

They want Bohner style governamce, IE One party rule with the GOP as the movie prop.

The Republic of Norm, a small Country, POP 1, works for me.


38 posted on 12/31/2012 10:57:34 AM PST by Norm Lenhart
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To: Behind Liberal Lines

Being agreed to by Republican Congressman Bendover.


39 posted on 12/31/2012 10:58:15 AM PST by Proud2BeRight
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To: Behind Liberal Lines
CAMPAIGNER-IN-CHIEF

We need to go over the cliff. The Socialists will NEVER implement spending cuts.. They are looking only to further bankrupt our free-market, capitalist Republic.. To DESTROY the private sector by further burdening small business owners. Slowly asphyxiating them while GROWING government jobs and increasing the power of federal agencies such as the EPA..

When Reagan granted amnesty, IN RETURN he was promised by the Democrats a massive border fence project. IT NEVER HAPPENED.

If the Republicans agree to higher taxes and IN RETURN be promised future spending cuts by the Socialists.. IT WILL NEVER HAPPEN.

And these stupid females at this press conference.. They adore their celebrity-in-chief, don't they? This man is not a president. He's 'Kardashian'.. Adored by the females who suffer from some kind of 'sexual fantasy the black man 0bama'. It's NOT funny. This is sick. We are sick.

40 posted on 12/31/2012 11:00:42 AM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: Behind Liberal Lines

what deal - where are the cuts in spending? Taxes back to Clinton Rates. What deal is that? More proverbial caca coming from DC.


41 posted on 12/31/2012 11:01:59 AM PST by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: Behind Liberal Lines

100% tax increases, zero, or next to zero, spending cuts. And if there are “spending cuts” the cuts will be to the scheduled amount of increase, not true spending cuts.

“We’re cutting food stamps by 10% across the board.” THAT’S a spending cut.


42 posted on 12/31/2012 11:02:17 AM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: Norm Lenhart

The Obama Calendar.

43 posted on 12/31/2012 11:03:31 AM PST by andy58-in-nh (Cogito, ergo armatum sum.)
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To: Behind Liberal Lines
Since the election , ALL we've heard from the news media is about this “fiscal cliff” bs . it is all JUST a plot to get Republicans to agree to raise taxes. That's all this massive propaganda campaign is for , to hurt Republicans. There is no cliff.
44 posted on 12/31/2012 11:04:23 AM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: Behind Liberal Lines

“...with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year..”

And on top of all that, they and all of the other Federal leeches get a nice pay raise.

Ain’t that special!!!


45 posted on 12/31/2012 11:06:20 AM PST by BlessingsofLiberty (Remember Brian Terry...)
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To: LibLieSlayer

At least the Rinos in the Senate and House will be exposed.
It won’t be a pretty sight either. We will take names.


46 posted on 12/31/2012 11:06:59 AM PST by tennmountainman
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To: Behind Liberal Lines

Strange how the media decided to call it the “fiscal cliff” rather than Bush’s tax cuts.


47 posted on 12/31/2012 11:07:20 AM PST by HarleyD
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To: andy58-in-nh

Only D.C. can get away with pissing on a forest fire and say...”hey, it’s a start”.


48 posted on 12/31/2012 11:07:41 AM PST by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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To: Wyatt's Torch

Exactly. If the GOP hates the deal now. Why did they sign on to it then?


49 posted on 12/31/2012 11:08:58 AM PST by tennmountainman
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To: Behind Liberal Lines

BOHICA!

And I predicted this months ago. Obama doesn’t have the desire or the leadership skills to get a real deal done and Boehner is too skeered to fight for a real deal or walk away and let the Dems suffer the consequences of their actions.


50 posted on 12/31/2012 11:08:58 AM PST by Mr. Silverback (I want a hippopotamus for Christmas! Only a hippopotamus will do!)
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