comparemela.com

Fiscal Cliff Are News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20121226:15:14:00

democratic charge. so that s kind of a nightmare scenario for democrats, and it s why you saw john boehner, speaker of the house, offer to raise taxes on americans who mange more than $1 million a year. patti ann: yeah. so the idea, though, behind this fiscal cliff is that it was supposed to have items in it that were unacceptable to both sides so that both sides would be motivated to not go over that cliff with the understanding that they might not be able to fix it all with legislation after the fact. so are there items in there that democrats would really not want to see enacted with the fear that maybe they couldn t get them rolled back? well, you re right, but it wasn t quite equal. the two big disasters of the fiscal cliff are, one, tax cuts, tax rates going up for everybody, and, two, all of these automatic spending cuts in place. but democrats feel confident that if tax rates do go up for everybody, they can, again, propose to relower them for everyone and put republicans in

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.