Last week President Barack Obama released his plan for averting the Fiscal Cliff. Needless to say it was not what the Republicans had in mind when they had the summit at the White House.
The Obama Administration updated an info-graphic online to outline their plan and set up a website that citizens can have direct contact with the administration. You can tweet at President Obama and ask questions that he will be answering over the coming days.
Today, Speaker Boehner released today a letter addressed to President Obama outlining the Republican's position on the Fiscal Cliff. They wish to implement the Bowles Plan. Calling for much needed spending cuts coupled with in depth tax reform to close corporate loop holes and encourage job growth here at home.
What do you think of this battle over preventing the Fiscal Cliff?
Which plan do you want to see implemented?
Obama is a genius & I love him.
ReplyDeleteObama made absolutely no compromises, and went even further, he wants to take the entire debt ceiling off the table, will not decrease spending (except for the wars), and wants tax rates to go up, and is even fighting to keep loopholes for the rich.
ReplyDeleteThe GOP is actually being reasonable, the gave in on taxes (not rates but will close loopholes for the rich), and will reduce spending
My thoughts are that by the end that tax rates will go up on people earning more than $1 million per year. Maybe 500k, but not 250k. and loopholes will be closed and possibly a small stimulus for construction projects.