(image source: Fox News)

BY CHRISTINA HARTMAN
ANCHOR ZACH TOOMBS


Now that the election’s out of the way Washington can finally start talking about TALKING.

“...that so-called fiscal cliff, a one-two punch of tax hikes and spending cuts that could throw the economy back into recession if Washington doesn't show signs that a budget deal is possible.” (Video via WCBS)

So if all the economy needs is a SIGN a deal is possible — here’s this from Republican House Speaker John Boehner Wednesday:

BOEHNER: “Because the American people expect us to find common ground, we’re willing to accept some additional revenues via tax reform.” (Video via The Washington Post)

It’s vague, but that didn’t stop this:

DANA BASH: “...singing something akin to kumbaya...” (Via CNN)

NEIL CAVUTO: “...a Herculean leap toward progress...” (Via Fox News)

Last year Congress agreed to across-the-board painful cuts as an incentive for lawmakers to come together to figure out how to reduce the deficit. They couldn’t get it done. With a Republican-controlled House and Democrat-controlled Senate — nothing could get past the gridlock. 

The thing is — after Tuesday night’s election — the House is STILL Republican-controlled, and the Senate is still majority Democrat. So what’s different?

The New York Times reportsMr. Boehner made it clear that his vision for additional revenue includes a tax code that lowers even the top income tax rate from where it is now... Senator Charles E. Schumer of New York, the third-ranking Democrat, has said those constructs are unacceptable.”

So Democrats have already said they’re not willing to take the Republican offer — and Republicans have already rejected President Obama’s campaign trail offer to avoid looming defense cuts in exchange for higher taxes on the wealthy.

TED CRUZ: “...we should not be raising taxes, especially when the country is on the brink of a recession.” (Video via Fox News)

While the “how” of the deal isn’t yet clear, what IS for sure is twin $500 billion in cuts to defense as well as domestic spending will kick in on January 2nd IF lawmakers can’t come up with a deal to avoid the cuts.

That, in addition to tax cuts slated to expire this year. Wednesday Democratic Senate Minority Leader Harry Reid also struck something of a conciliatory tone, saying it’s better for both sides “to work together.”

 

Boehner Says Compromise is Possible to Avoid Fiscal Cliff

by Christina Hartman
0
Sources:WCBSFox News
Transcript
Nov 7, 2012

Boehner Says Compromise is Possible to Avoid Fiscal Cliff

 

(image source: Fox News)

BY CHRISTINA HARTMAN
ANCHOR ZACH TOOMBS


Now that the election’s out of the way Washington can finally start talking about TALKING.

“...that so-called fiscal cliff, a one-two punch of tax hikes and spending cuts that could throw the economy back into recession if Washington doesn't show signs that a budget deal is possible.” (Video via WCBS)

So if all the economy needs is a SIGN a deal is possible — here’s this from Republican House Speaker John Boehner Wednesday:

BOEHNER: “Because the American people expect us to find common ground, we’re willing to accept some additional revenues via tax reform.” (Video via The Washington Post)

It’s vague, but that didn’t stop this:

DANA BASH: “...singing something akin to kumbaya...” (Via CNN)

NEIL CAVUTO: “...a Herculean leap toward progress...” (Via Fox News)

Last year Congress agreed to across-the-board painful cuts as an incentive for lawmakers to come together to figure out how to reduce the deficit. They couldn’t get it done. With a Republican-controlled House and Democrat-controlled Senate — nothing could get past the gridlock. 

The thing is — after Tuesday night’s election — the House is STILL Republican-controlled, and the Senate is still majority Democrat. So what’s different?

The New York Times reportsMr. Boehner made it clear that his vision for additional revenue includes a tax code that lowers even the top income tax rate from where it is now... Senator Charles E. Schumer of New York, the third-ranking Democrat, has said those constructs are unacceptable.”

So Democrats have already said they’re not willing to take the Republican offer — and Republicans have already rejected President Obama’s campaign trail offer to avoid looming defense cuts in exchange for higher taxes on the wealthy.

TED CRUZ: “...we should not be raising taxes, especially when the country is on the brink of a recession.” (Video via Fox News)

While the “how” of the deal isn’t yet clear, what IS for sure is twin $500 billion in cuts to defense as well as domestic spending will kick in on January 2nd IF lawmakers can’t come up with a deal to avoid the cuts.

That, in addition to tax cuts slated to expire this year. Wednesday Democratic Senate Minority Leader Harry Reid also struck something of a conciliatory tone, saying it’s better for both sides “to work together.”

 

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