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Congress is due to return today following the election with just seven weeks left to broker a...

Congress is due to return today following the election with just seven weeks left to broker a deal over the fiscal cliff and avert $600B in automatic spending cuts and tax hikes. Democrats want to raise taxes for the rich but the GOP doesn't, although some senior Republicans have expressed a willingness to consider increasing revenues by eliminating tax loopholes.
Comments (5)
  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    The longer it takes to find compromise and some form of agreement, then the more markets will sell off on uncertainty.
    13 Nov 2012, 03:18 AM Reply Like
  • BruceInKY
    , contributor
    Comments (437) | Send Message
     
    The Republicans can vote "present" on my behalf. Time to let the utopians own their dystopia.
    13 Nov 2012, 07:04 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4066) | Send Message
     
    Will the Republicans cave? Ending the Bush tax cuts for high income earners is mostly symbolic. It won't raise much, but it will placate the socialists and the envious. I'll go along if we limit welfare recipients to one child and begin other measures to trim social welfare. I'm not in favor of corporate subsidies either so you lefties can breath a little easier on that score.
    13 Nov 2012, 08:10 AM Reply Like
  • Guardian3981
    , contributor
    Comments (2148) | Send Message
     
    I have said a few times, they should make a deal where Obama supports repealing Obamacare in exchange for allowing the tax cuts on the highest bracket to expire and extending the payroll tax break.
    13 Nov 2012, 08:53 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Hunker down my friends (to borrow a McCainism).

     

    "Democrats want to raise taxes for the rich but the GOP doesn't..."

     

    "I want to raise taxes on the rich and give that money to the poor until one or more of those poor become rich--then I want to raise taxes on them as well."
    -- Warren Buffett's secretary
    13 Nov 2012, 09:03 AM Reply Like
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