As the time to avoid the approaching fiscal cliff can now be counted in hours, President Obama and the Senate returned to Washington to resume work Dec. 27. The House of Representatives, however, will not return until Dec. 30—only 30 hours before the deadline. At this point, it’s hard … [Read more...]
Fiscal Cliff Days Away, Plan B Denied and No Resolution in Sight
As House Speaker John A. Boehner put forth a proposal to end fiscal cliff worries, Democrats rejected the plan out of hand, but now even Republicans don't support the plan. Boehner told the press, "The house did not take up the tax measure today because it did not have sufficient … [Read more...]
President Obama Rejects John Boehner’s $1 Million Tax Increase (Plan B)
Fiscal Cliff talks appear to have reached a standstill as of Wednesday morning, after President Barack Obama outright rejected Republican House Speaker John Boehner's “Plan B” offer to raise income taxes on Americans making over $1 million a year in exchange for unspecified spending … [Read more...]
Obama Tweets to Rally his Fiscal Cliff Plan as Republicans Propose Their Own Solution
President Obama hosted a town hall forum on Twitter Monday afternoon, urging middle-class Americans to contact their Congressmen to support his budget plans. The president used the hashtag #My2K to reinforce the $2,000 in extra taxes the average American family will pay if Congress … [Read more...]
