Similar Stories to Some Dems: Drive Over 'fiscal Cliff,' Then Bargain on Bing News

Politics RSS Feed, San Francisco Chronicle: Politics
Tue, 11/13/2012 - 4:46pm

Some Dems: drive over 'fiscal cliff,' then bargain Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 3:18 p.m., Tuesday, November 13, 2012 [...] it illustrates the wide range of early negotiating positions being staked out by Republicans and Democrats as lawmakers gathered Tuesday for their first postelection talks on how to avoid the looming package of steep tax hikes and program cuts. Just as brazen, in the eyes of many Democrats, is the GOP leaders' continued insistence on protecting tax cuts for the rich. In late 2010, after big GOP midterm election wins, Obama backed off his pledge to raise taxes on the rich. In the summer of 2011, House Republicans pushed Congress within a hair of refusing to raise the debt ceiling, leading to the first-ever downgrade of the government's credit rating. [...] last December, it was the Republicans' turn to blink, yielding to Obama's demand to extend a payroll tax break. If the "fiscal cliff" takes effect, congressional Republicans would feel pressure to give ground in several areas to achieve their top goal: restoring tax cuts for as many people as possible. [...] there's a school of thought that the cliff is actually a slope, and the economy could withstand the effects of the automatic spending cuts and the renewal of Clinton-era tax rates for at least a few weeks to give time for negotiations to continue. [...] Way is floating a possible compromise, designed to raise $1.3 trillion in new revenue over 10 years without changing the Bush-era income tax rates. If Congress fails to act by Dec.

PREV
Topics:  dems   copyright   updated   november   house republicans   december    way   bush-era   if congress   dec   irs   white house   jay carney   press   republicans   democrats   gop   obama   congress   fiscal cliff then bargain   tax   cuts   raise   rich   revenue   give   big   compromise   tuesday   rates   spending   

 

PREV
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Politics News

  • Senate Republicans Don’t Think Gaetz Will Be Confirmed
    Political Wire, Saturday - 11/16/2024 - 04:50 PM

    “More than half of Senate Republicans, including some in senior leadership positions, privately say they don’t see a path for former Rep. Matt Gaetz (R-FL) to be confirmed as attorney general and would not support him to lead the Department of Justice,” NBC News reports. “While Gaetz’s ability to be confirmed appears on the rocks among Senate Republicans, President-elect Donald Trump’s team remains confident he will eventually be confirmed, even if it’s after an ugly battle.” “NBC News spoke to more than 15 additional Republican sources who agreed that there are not enough votes in the Senate to confirm Gaetz, and some estimated that closer to 30 Republicans consider him unqualified.”

    More | Talk | Read It Later | Share
  • Trump Picks Fossil Fuel Executive as Energy Secretary
    Political Wire, Saturday - 11/16/2024 - 04:45 PM

    “President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration,” the AP reports.

    More | Talk | Read It Later | Share
  • Xi Says China Is Ready to Work With Trump
    Political Wire, Saturday - 11/16/2024 - 04:43 PM

    “Chinese leader Xi Jinping told President Joe Biden that he’s ready to work with Donald Trump to improve the relationship between the world’s biggest economies,” Bloomberg reports. “Speaking in their final meeting before Trump takes office, Xi told Biden that the US and China shouldn’t pursue decoupling and instead strive for peaceful existence over the long term.”

    More | Talk | Read It Later | Share
  • Trump names Denver fossil fuel executive Chris Wright as energy secretary
    Denver Post, Saturday - 11/16/2024 - 04:32 PM

    By COLLEEN LONG and MATTHEW DALY WASHINGTON — President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in his upcoming, second administration. CEO of Denver-based Liberty Energy, Wright is a vocal advocate of oil and gas development, including fracking, a key pillar of Trump’s quest to achieve U.

    More | Talk | Read It Later | Share
  • NYC politicians call on Whoopi Goldberg to apologize for saying bakery denied order over politics
    Denver Post, Saturday - 11/16/2024 - 01:39 PM

    By PHILIP MARCELO NEW YORK — New York City politicians are calling on Whoopi Goldberg to apologize for suggesting on air that a local bakery had declined to make “The View” co-host a batch of desserts for her birthday because of her political beliefs. Staten Island Borough President Vito Fossella was among the local leaders and supporters who joined Holtermann’s Bakery owner Jill Holtermann at a news conference Friday in front of the 145-year-old institution in the city borough of Staten Island. The Republican said the actor and comedian had “besmirched and defamed” the bakery by “making stuff up to suit their needs.” “Not everybody wakes up everyday thinking about politics,” he said.

    More | Talk | Read It Later | Share
  • Kamala Harris raised $1 billion-plus in defeat. She’s still sending persistent appeals to donors
    Denver Post, Saturday - 11/16/2024 - 11:09 AM

    By BILL BARROW and JOEY CAPPELLETTI ATLANTA — Kamala Harris and the Democratic Party’s prodigious fundraising operation raised more than $1 billion in her loss to Donald Trump, but the vice president is still pushing donors for more money after the election. Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters: the Republican president-elect’s picks for his upcoming administration and a handful of pending congressional contests where ballots are still being tallied. “The Harris campaign certainly spent more than they raised and is now busy trying to fundraise,” said Adrian Hemond, a Democratic strategist from Michigan.

    More | Talk | Read It Later | Share