Fiscal Cliff Talks

November 29, 2012 by  

Fiscal Cliff Talks, Speaker John Boehner said “no substantive progress has been made” in negotiations between congressional leadership and the White House to avoid the so-called fiscal cliff of tax increases and spending cuts that takes hold at year-end. “Listen, this is not a game,” Boehner told reporters after a meeting with Treasury Secretary Timothy Geithner. “Jobs are on the line. The American economy is on the line, and this is a moment for adult leadership. Campaign style rallies and one-sided leaks in the press are not the way to get things done here in Washington.”

Republicans are insisting on significant reforms to entitlement programs like Medicare and Medicaid, deep spending cuts and not raising tax rates for the wealthy. Democrats say their bottom line is simple: taxes on high-income earners must go up.

“Right now, all eyes are on the White House,” the speaker said.

Asked to choose between going over the fiscal cliff or extending tax rates only for those making below $250,000, Boehner did not answer directly.

“I’m going to do everything I can to avoid putting the American economy, the American people, through the fiasco of going over the fiscal cliff,” he said.

The comments came as conversations between the White House and Congressional leaders continue behind closed doors to avoid tax rate increases on all individuals and automatic spending cuts to defense and discretionary spending.

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