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| Did House Republicans Cave to Tax Increases? When President Obama put forth his first offer on the fiscal cliff, House Speaker John Boehner (R-OH) said, "You can't be serious." We could say the same thing to the Speaker after his counteroffer this week. In a letter signed by House Republican leadership, including Majority Leader Eric Cantor (R-VA) and Budget Committee Chairman Paul Ryan (R-WI), Boehner offered to raise taxes by $800 billion and cut spending by $1.2 trillion, with no substantive reforms to the entitlement programs that are driving U.S. spending and debt. Read More... |
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| What Is the Fiscal Cliff? With just a few weeks left in 2012, all eyes in Washington are on Capitol Hill and the "fiscal cliff" negotiations. As usual, Congress and the President are taking highly contentious issues down to the wire before cutting a deal—never a situation that ends well for taxpayers. Federal Reserve Chairman Ben Bernanke coined the term "fiscal cliff" while urging Congress to avoid a steep dropoff for the economy at the end of the year thanks to tax increases and automatic budget cuts. Read More... |
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| What Is Obama's Role in the Debt Limit Debate? |
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