In a test of divided government, President Barack Obama and House Speaker John Boehner sought an elusive compromise Tuesday to prevent economy-damaging tax increases on the middle class at year's end, conferring by phone after a secretive exchange of proposals.
Details were sparse and evidence of significant progress scarcer still, although officials said the president had offered to reduce his initial demand for $1.6 trillion in higher tax revenue over a decade to $1.4 trillion.
There was no indication he was relenting on his insistence - strongly opposed by most Republicans - that tax rates rise at upper incomes.
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4 comments:
America needs to ensure that Congressional members see their families over the upcoming holiday season. Obama (and others I assume) have $4M vacations planned after the holidays. Families should not be kept apart that long. Let's put this all behind us so that your elected officials can clear their heads while watching the waves hit the beach and the snow hit the pavement.
America needs to ensure that Congressional members see their families over the upcoming holiday season. Obama (and others I assume) have $4M vacations planned after the holidays. Families should not be kept apart that long. Let's put this all behind us so that your elected officials can clear their heads while watching the waves hit the beach and the snow hit the pavement.
bo's schedule has been empty for the entire week. he needs to be working on something besides vacation plans.
Republicans would cut a deal if the president were to ask that only millionaires get a tax hike, because congressional pay puts them in the $225,000 income range tax hike, they won't make a deal that raises their own taxes.
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