© 2024 Blaze Media LLC. All rights reserved.
Real News': Will Obama's Proposal for Dealing With the Fiscal Cliff Work?
November 14, 2012
President Obama held his first news conference in eight months Wednesday afternoon, where the serious issue discussed at hand was budget negotiations and the fiscal cliff. While talks between the White House and congressional leaders begin on Friday, we already have an idea of the president’s opening request: $1.6 Trillion in tax revenue. That's more than double what he asked for only a year ago. Much of that new revenue will come from raising taxes on those making over $250K per year, whether it be via letting Bush era tax cuts to expire or the creation of a new “Buffet Rule” tax rate. It is, as the president told labor leaders yesterday, non-negotiable.
But is that idea for addressing the cliff correct? On 'Real News' Wednesday the panel went through the risk versus reward of the president’s plan for approaching the fiscal cliff, watch a clip below:
Want to leave a tip?
We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?
more stories
Sign up for the Blaze newsletter
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.
© 2024 Blaze Media LLC. All rights reserved.
Get the stories that matter most delivered directly to your inbox.
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.