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Published Monday, Dec. 31, 2012 | 9:54 a.m.
Updated Monday, Dec. 31, 2012 | 12:20 p.m.
WASHINGTON — Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the "fiscal cliff" was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year. "There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a campaign-style event at the White House. "But it's not done." In the building New Year's Eve drama, the parties still were ...
Associated Press writers David Espo, Andrew Taylor, Alan Fram and Josh Lederman contributed to this report.
It is a start, but far, far, from over.
Citizens living paycheck to paycheck with annually incomes under $100,000 should NOT be seeing any tax hikes. Those bringing in $250,000 can afford a tax hike. And those living lavishly on incomes beyond $450,000 can most certainly endure significant raises, afterall, they, in all likelihood, have their CORPORATIONS as their tax shields, full of exemptions and loopholes.
How our Federal Representatives behave on this "Financial Cliff" will be real telling and give us reason whether to reelect them or not. So let's get on with it, as this scenerio is UNavoidable for any of them now!
Blessings and Peace,
Star
$60 billion a year new revenue vs. over $1 trillion in yearly deficits!!!!!!!
Plus they want to punt on the sequester cuts kicking in.
LOL!!!!! Our children are truly screwed.
This deal is a failure
It will NOT ADDRESS THE DEBT
So Conservatives gave on the tax rate increase and Obama finally gave up on the $250 moving up to $450k
But this does nothing NOTHING TO LIMIT THE GROWING DEBT.
What a waste of time and effort. What is amazing is that Democrats are admitting that the BUSH TAX CUTS ARE GOOD FOR 99% of Americans
Obama won a hollow political scrum. yippee
Now let start on the deficit and debt problem
First of all people, these are not tax increases as you might consider them. Rather it is restoring the tax rates to the rates they were when Bush enacted what was supposed to be a 2-year tax rate reduction to create jobs and improve the economy. Jobs were not created, the economy did not improve. So maybe the time is ripe to restore rates to those that Bush reduced as a strictly temporary measure.
Republicrats, please don't cave to the Narcissist-In-Chief. For this clown, the entire negotiation is just about gamesmanship. With this deal, he'll be able to go back to his drone followers and say, "look I beat the Republicans". Where are the spending cuts? What a joke
But don't worry, the "do-nothing"Congress and ALL Federal employees will get theirs via 1% pay increase, costing the U.S. taxpayers $$Billions once again, thanks to our Dear Leader's Executive Order starting tomorrow. Cha-ching!
It's all one big game. There is already a deal done and all this is just games and the media just eats it up. Next we will hear about all the compromise that was made on both sides...blah, blah, blah. Republicans will blame the Democrats and vice versa. Corrupted politics at it's best. Don't believe the "fiscal cliff" hype. The deal was done long ago. I'm sure they will all be toasting each other at a New Years Eve cocktail event tonight.
Attention members of the United States House of Representatives: Each and every one of you are up for election in 23 months.
Please know there are many patriotic citizens who are tired of the gridlock and BS.
We want our elected representatives to put aside petty politics and work together for the good of our country.
Be warned -- we are watching closely, and we vote!
What
STILL NO SPENDING LIMITS ON GROWTH
OBAMA WINS and FAILS AMERICA