Tuesday, December 18, 2012

Obama's New Fiscal Cliff Offer: Tax Hikes on $400K, 2-Year Debt Ceiling Extension

The White House says this offer is ?good.?

According to Boehner spokesman Brendan Buck ? who apparently is talking to Politico because it?s friendly to Republicans who cave ? the Speaker is increasingly happy with Obama?s proposals. ??Any movement away from the unrealistic offers the President has made previously is a step in the right direction, but a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balanced,? he said ?We hope to continue discussions with the President so we can reach an agreement that is truly balanced and begins to solve our spending problem.?

Obama still wants unemployment benefits extended, stimulus spending, and most importantly, a two-year indefinite suspension of the debt ceiling.


Source: http://feedproxy.google.com/~r/BigGovernment/~3/RbJ2_SWz7Sw/Obama-new-fiscal-cliff-proposal

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