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.
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
Exactly. Hosed again.
LLS
Another holiday eve vote.
benghazi barry gets his punitive tax on the producers
The Republicans agreed to raise taxes when they accepted this deal in 2011 during the debt ceiling.
benghazi barry gets his punitive tax on the producers
Hope it’s not true —
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
All that is required for evil to succeed is for Congress to do “something”.
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.
Right, during the debt ceiling negotiations, where we supposedly have the upper hand. Hmmmm.
We need a law that will invalidate anything passed after 8 pm or on holidays. Stealth votes should be illegal.
Looks like my patience gauge.
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.
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