Bush tax cuts
Slowly but surely the economy is picking up steam. Today’s job numbers are another data point that Barack Obama and Democrats have put the country on a path to recovery from the economic carnage of the Bush Administration.
House Speaker John Boehner said Friday there has been no progress in negotiations to avert a “fiscal cliff” combination of automatic tax increases and spending cuts in January and called on President Barack Obama to produce a new offer.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to expire.
Billionaire Warren Buffett said Wednesday he’s confident that Congress will eventually pass a plan to address the so-called fiscal cliff, even if it doesn’t happen until early next year.