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White House weighs smaller fiscal cliff package
politico ^ | 12/21/12 | CARRIE BUDOFF BROWN and JAKE SHERMAN

Posted on 12/21/2012 12:50:52 PM PST by ColdOne

So the White House is turning its focus to a smaller package that would extend the Bush-era tax rates on income below $250,000, pause the across-the-board spending cuts known as the sequester and renew unemployment insurance benefits, according to senior administration officials.

It would hold off a significant portion of the fiscal cliff, minimizing any economic shock in the new year. But it means a host of tax provisions would likely expire, little would be done to address the debt and deficit, and no process would be set up for overhauling the tax code next year. There would be no agreement on entitlements, and none on raising the debt ceiling.

(Excerpt) Read more at politico.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: fiscalcliff; sameoldsameold
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To: ColdOne

Increased taxes. No spending cuts. This is what Obama wanted all along. I am not sure why I worry so much about the debt since I have given up on this once great country. These young people that voted for Obama will have to deal with it after I am gone.


21 posted on 12/21/2012 1:43:23 PM PST by plain talk
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To: expat2

Amen. I am all in favor of going over the the cliff, but last night was the wrong way to set it up.

This GOP bunch has managed to transform the Bush tax cuts into the Obama middle class tax cuts, and the GOP will be forced in January to go along.

Flame away, but Boehner was right yesterday, not the rebels... At least on the politics if not the economics.


22 posted on 12/21/2012 1:47:35 PM PST by mwl8787
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To: mwl8787
Flame away, but Boehner was right yesterday, not the rebels...

Funny, last night you were calling them "the far right GOP", now they're rebels?

Did it ever occur to you that these "rebels" are doing what their constituents elected theme to do? You know, Taxed Enough Already!

http://www.freerepublic.com/focus/news/2970905/posts?page=70#70

Me thinks you're a troll.

23 posted on 12/21/2012 2:30:10 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

No troll, been around for years. Just a respective difference of opinion.


24 posted on 12/21/2012 2:33:00 PM PST by mwl8787
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To: mwl8787

Tea Party memebers are “rebels” and “far right GOP”?

Try again.


25 posted on 12/21/2012 2:37:23 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

Rebel is a term of endearment, but I am still not happy with outcome of last night.

I’ve been on FR since Cajun Girl and I were determined to get Eric Holder out of the Justice Dept when he was a temporary holdover after Bush was inaugurated in 2001 (ashcroft had not yet been confirmed).

This is just a difference of the means to an end.

Merry Christmas, LV Ron. Let us hope 2013 serves our nation better than I anticipate because this Admin are corrupt Chicago street thugs.


26 posted on 12/21/2012 2:51:20 PM PST by mwl8787
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To: mwl8787

Doesn’t answer the “far right GOP”

Merry Christmas to you too, and yes, here’s to a better 2013.


27 posted on 12/21/2012 2:56:29 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: The Louiswu
Photobucket
28 posted on 12/21/2012 3:00:32 PM PST by CMailBag
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To: ColdOne

How about higher taxes and more spending?

No?

Ok. How about more spending and higher taxes?

No? Ok. A compromise. We’ll raise taxes AND continue spending.


29 posted on 12/21/2012 3:18:12 PM PST by BinaryBoy (I'm anti-socialism because I'm anti-slavery.)
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To: ColdOne

What are the differences from before?


30 posted on 12/21/2012 3:25:50 PM PST by savedbygrace (But God.)
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To: ColdOne

Obama wants the “Cliff” effect to occur. The after all the taxes kick in and the pain begins to hit home he can jump in like a knight in shining armour and propose a “Tax Break” for the poor downtrodden middle class. The Republicans won’t be able to say no and they will then cease to be viable even as a memory of what this nation was before the Marxists took it over. The cry will be, “Obama, President for Life.” Sieg Heil!


31 posted on 12/21/2012 3:33:19 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: mwl8787

“The GOP far right”

Dem talking point. We’re not idiots, we know trolls, here.


32 posted on 12/21/2012 6:58:07 PM PST by BobL (Agenda 21...Agenda 21...Agenda 21...Agenda 21...Agenda 21... (whatever the hell that is))
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To: Venturer

Kenyan-born, B. Hussein Obama has secured his place in History as the Anti-Christ that was twice elected to an Office that he could not legally accept.


33 posted on 12/21/2012 7:04:15 PM PST by Graewoulf ((Traitor John Roberts' Communal Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: savedbygrace

Advice for Boehner:

Keep your mouth shut for a full week until after Christmas.

After that, state, “The House has passed a budget and it is over at the Senate. We will pass the Mack Penny Plan which will balance the budget in 8 years or less. We will then adjourn until the White House and the Senate pass a budget, and we WILL NOT raise the debt ceiling.”

After that, at every question and every opportunity, state the above. If the Dinosaur Media and their party, the Democrats, say to any variation of “You are willing to shut down the government and let old people and children die.”, answer, “We have passed a serious budget. It is the WH and Harry Reid who are letting them die.” “for two years?” “YES- it is past time to save our country from bankrupcy.” Anything that tempts any different answers, get off the podium and off the stage.

Long about February, the dogs will come crawling back to the House.

Sad... this is what ought to have occurred last summer and before.


34 posted on 12/21/2012 7:05:30 PM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: ColdOne

The GOP and conservatives will get blamed for “everything negative”, no matter what happens! The GOP should of walked away weeks ago, while, fully, explaining why they did so! Way too many within the “Stupid Party” continue to fall into the trap created by BO and the left.


35 posted on 12/21/2012 9:16:02 PM PST by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: mwl8787

Boehner’s strategy in this debate and last years is abhorrent. The absolute worst political leadership I have ever seen at any level. He negotiates against himself. He uses the wrong tactics to debate and to communicate to the public. Last night is 100% on his shoulders. He created the same situation that bit us in the ass in 2011. He twists conservatives to vote for things against their core principles before getting agreement from the Dems. Then, he further negotiates with the compromise bill as our starting point, with huge of concessions made and comes back to twist more arms to force votes on a worse bill later leveraging the earlier votes.

Our side does ALL the compromise and then gets blamed for being unreasonable. The GOP took far more flack in the 90s, pushed through get bills and reforms...with little to no electin losses...and a residential win in the next election in 2000..


36 posted on 12/21/2012 9:21:46 PM PST by ilgipper (Obama supporters are comprised of the uninformed & the ill-informed)
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To: vikingd00d

It’s plan A. Again. Looks like we’re jumping next week.


37 posted on 12/21/2012 10:39:13 PM PST by SueRae (It isn't over. In God We Trust.)
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To: ColdOne

The House should pass nothing promoted by the administration. Every Republican Representative should send a letter to their constituents. Tell them that elections have consequences, and that THEY elected Democrat Senators and Obama. Now their taxes are going up. If they want lower taxes and reduced spending they must get rid of the party of tax and spend.


38 posted on 12/22/2012 8:07:07 AM PST by calico_thompson
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To: AFPhys

AMEN


39 posted on 12/22/2012 8:10:07 AM PST by calico_thompson
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To: Revolting cat!

40 posted on 12/22/2012 10:03:27 AM PST by a fool in paradise (America 2013 - STUCK ON STUPID)
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