Taxmageddon
The fight over the fiscal cliff has settled into an uneasy stalemate, with both sides waiting for the other to give a little. At least that’s the story coming from the combatants.
The current stalemate over the fiscal cliff centers around intransigence on both sides on tax rates.
Progress on the impending fiscal cliff is grinding to a halt with little room for compromise as both sides dig in their heels.
Not all of the 2 percenters Republicans are trying to protect agree with their efforts.
In this second installment, the plan was to enumerate the Republicans who are opposing Grover Norquist. They don't exist.
President Obama and Republicans in Congress are engaged in a tense struggle over tax rates and spending cuts, playing out before a deadline where everyone loses.
In his opening salvo in negotiations over the fiscal cliff, President Obama is asking Republicans to pass a $1.6 trillion in tax increase on Americans making over $250,000 a year.
As his second week after reelection approaches, President Obama is preparing for a showdown with Republicans over the fiscal cliff.
Republicans might be willing to compromise on raising taxes on wealthy Americans.