Agreedid the president s to raise rates on those making over 250,000, not four hundred thousand dollars. Democrats won a twoyear postponement, with costs covered by new tax hike. The president scoffed at republican demands for deeper spending cuts. Shove spending cuts at us. So much for the gop. A bigger deal is, will a deal get done . Whatever happens are does not happen before midnight, this partisan more on taxes and spending is sure to continue well into 2013. Steve handelsman, wbaltv 11 news. As we wait for word of the deal, lawmakers in washington are under close scrutiny. That is because the alternative will impact almost every american. We are joined by nikole killion, who is live in washington to explain. Some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. Either way, it could be a long way down. Higher taxes in 2013. 2013, taxes go up. Several tax breaks expire and the Tax Policy Center esti
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