Thursday, November 29, 2012

On Fiscal Cliff, Dems and GOP Closer Than They Look - But mortgage interest deduction might be a casualty


http://www.newser.com/story/158456/on-fiscal-cliff-dems-and-gop-closer-than-they-look.html

is this still incumbent on T-Pers?
Newser) – Depending on who you ask, the fiscal cliff confrontation in Washington is either a massive standoff, or a massive mirage. "It is not going to happen soon," John Barrasso, the Senate's fourth-ranking Republican saidyesterday. 
But top officials tell Politico that behind the scenes John Boehner and President Obama, who had what one insider called a "short, curt conversation" last night, have a pretty good idea what the deal will look like, even if there's a whole lot of posturing to be done before it's struck. Here's what we know:
 Politico's insiders expect about $1.2 trillion in tax hikes, at least $400 billion in entitlement cuts—mostly from Medicare—and $1.2 trillion in other spending cuts and "war savings."
  • Even Republicans privately admit taxes will go up on people making more than $250,000, because there just aren't enough deductions to cut to bring in $1.2 trillion in revenue.
last time they came to an agreement when Beohner tried to get an ok from the leaders, no can do, and the country and us suffer a couple more years do to right wing desire to save the rich.
The CEOs of 14 major corporations met with President Obama yesterday, and emerged sounding supportive of tax hikes, Reuters reports. Marriott CEO Arne Sorenson called him "resoundingly reasonable," while Goldman Sachs boss Lloyd Blankfein said that "if we had to lift up the marginal rate, I would do that."
 now that the "chosen one's" have ok'd the tax raise if the republicans refuse who would they be protecting then, their faces? the smiling one's watch your back Pres.