UPDATE 1-US administration urges Republicans not to block ‘fiscal cliff’ deal

by Mark Felsenthal, Reuters.com  |  published on December 28, 2012

Fiscal Cliff

As President Barack Obama cut short a Christmas vacation to resume talks to avoid the “fiscal cliff” of automatic year-end tax hikes and spending cuts, the White House on Wednesday called on congressional Republicans not to stand in the way of a resolution in the U.S. Congress.

“It’s up to the Senate Minority Leader not to block a vote, and it’s up the House Republican leader, the Speaker of the House … to allow a vote,” a senior administration official told reporters traveling with the president.

Obama is seeking a stripped down deal to prevent tax rates from rising on all but the wealthiest Americans and to stop steep across-the-board spending cuts.

The White House last week proposed a broader package that would have let tax rates stay low for those making up to $400,000, a compromise from the president’s previous rate hike threshold of $250,000.

House of Representatives Speaker John Boehner was unimpressed with the offer and sought unsuccessfully to push his own proposal through Congress, but members of his own Republican Party balked at rate hikes of any kind. Talks broke down after that and the president and lawmakers left town for the holiday.

The focus will shift to the Senate for a deal, where Obama will rely on an ally, Senate Majority Leader Harry Reid, to work out a bill that the top Senate Republican, Kentucky’s Mitch McConnell, will not obstruct. The House must also pass the measure.

No comments yet - you can be the first!

Comments are closed.

Do you Love your country but hate your government?

Join your fellow Libertarians who seek a world of liberty; a world in which all individuals are sovereign over their own lives and no one is forced to sacrifice his or her values for the benefit of others. Join over 500,000 Americans who get their daily dose of minimal government and maximum freedom with The New Liberty Movement.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.