Frustrated by their inability to wring more “fiscal cliff” concessions out of President Barack Obama, Republicans in the U.S. House of Representatives announced Tuesday night that they expect to pass their own tax bill as a backup plan to avert the tax hikes and automatic budget cuts set to occur in January. No one expects the bill, which would extend low tax rates except on income of $1 million and above, to pass the Democratic-controlled Senate. President Barack Obama’s latest position puts the threshold for income tax hikes at $400,000.READ ON: Republicans put squeeze on Obama in “fiscal cliff” talks 
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Frustrated by their inability to wring more “fiscal cliff” concessions out of President Barack Obama, Republicans in the U.S. House of Representatives announced Tuesday night that they expect to pass their own tax bill as a backup plan to avert the tax hikes and automatic budget cuts set to occur in January.

No one expects the bill, which would extend low tax rates except on income of $1 million and above, to pass the Democratic-controlled Senate. President Barack Obama’s latest position puts the threshold for income tax hikes at $400,000.

READ ON: Republicans put squeeze on Obama in “fiscal cliff” talks 

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  1. nancyward109 reblogged this from reuters and added:
    interiors
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  4. marv-olo reblogged this from reuters and added:
    Do they realize how greedy this makes them sound?
  5. patrickdehahn reblogged this from reuters and added:
    Read on: Republicans put squeeze on Obama in “fiscal cliff” talks
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    STOP BEING SELFISH INCONSIDERATE BASTARDS AND PASS THE FUCKING BILL. FUCK YOUR GREEDY EGO AND ACTUALLY PUT THE GOOD OF...
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