Latest On Fiscal Cliff

(The Senate Budget Committee, budget.senate.gov )
(The Senate Budget Committee, budget.senate.gov )
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 11/26/2012 8:26 am
Washington - Some congressional Republicans now say they're willing to consider raising taxes.

The congressional representatives say they're willing to consider a tax hike to avoid going over the looming cliff.

That's a big change for some politicians who swore an oath that they would never do that.

“I will violate the pledge, long story short, for the good of the country,” said South Carolina Senator Lindsey Graham, “only if Democrats will do entitlement reform.”

“A pledge we signed 20 years ago, [or] 18 years ago--is for that Congress,” said Rep. Peter King. “The world is changed and the economic situation is different.”

President Obama wants to let tax rates rise for wealthy families.

Many Republicans argue that will put a damper on economic growth.
Share
State News
Urban Renewal? Big US Cities Showing Strong Growth
Washington (AP) - It's a sign of America's continuing preference for urban living after the economic downturn quelled enthusiasm for less-crowded expanses.
3 minutes ago
National News
FDA panel backs experimental new insomnia drug
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.