| Republicans & Democrats At Odds Over Fiscal Cliff |
| Nov-27-2012 |
| Keywords: republican, democrat, obama, president, fiscal cliff |
GOP leaders on Capitol Hill today voiced their frustration with the president's campaign style push to solve the debt crisis by raising taxes on the rich.
The president has invited small-business owners from across the country to meet Tuesday at the White House to discuss the impact of his tax policies on small businesses.
Among the 15 invited are Nikhil Arora, co-founder of Back to the Roots, west Oakland; David Bolotsky, chief executive officer of Uncommon Goods, New York; and Mandy Cabot, co-founder of Dansko, West Grove, Pa.
Senate Minority Leader Mitch McConnell signaled the president's shift Monday when he said: "The election is over" and it's time for the president to present a plan that "goes beyond the talking points of the campaign trail."
Republicans are arguing that they are fulfilling their half of the bargain in the fiscal talks by agreeing to change the tax code to generate revenue to reduce the annual trillion-dollar deficits.
The GOP leaders say now Democrats have to keep their end by presenting a plan to cut federal spending through such entitlement programs as Medicare and Social Security, they say.
As you can tell, a lot of work is still to be done. Senate Majority Leader Harry Reid said on Tuesday that he is disappointed that there has been "little progress" among Democratic and Republican lawmakers as they try to reach a deal to avoid the year-end "fiscal cliff."
"They talked some happy talk about doing revenues, but we only have a couple weeks to get something done," Reid said about Democrats' negotiations with Republicans. "So we have to get away from the happy talk and start talking about specific things." |
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Posted by Lou Dobbs Staff at 8:00 PM Email to a friend |
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