Looks like the Republicans are caving on the Fiscal Cliff

Looks like the Republicans are caving on the Fiscal Cliff

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Republicans don’t want to be seen as the bad guys-

Instead of using simple math to prove everything Obama said about the trillion in Spending Cuts he offered and how it would solve the deficit for the foreseeable was pure BS they kept quiet.  When Obama threatened to use the State of the Union to blame the GOP if the tax hikes went into affect they wet their pants,,  From no tax increases on anyone they went to a tax increase on people making over a million.  It looks like the finial deal will hit anyone making over 450,000-

AP Sources”; Fiscal Cliff Deal Emerging

 

By JULIE PACE and BEN FELLER

WASHINGTON (AP) — The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates on couples making over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.

But with a midnight deadline rapidly approaching, both sides were at an impasse over how to handle automatic, across-the-board spending cuts set to take effect on Jan. 1. Democrats want to put off the cuts for one year and offset the so-called sequester with unspecified revenue.

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AP Sources”; Fiscal Cliff Deal Emerging

 

 

My Guess is any spending cuts will be put off until —–

————-Someday

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