Courtesy of Politico:Washington inched closer to a deal that would avert massive tax increases, but Congress will still fall short of passing legislation before a new year deadline, sending the country over the fiscal cliff at least temporarily as the two sides struggled to iron out the final details of a high-stakes package.
The main holdup right now: Automatic spending cuts poised to kick in during the year, which the two parties have vowed to reverse but have failed to broker an agreement over how to do just that.
Last-ditch negotiations between Senate Majority Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden — friends from two decades-plus of Senate service — produced an agreement to increase marginal income tax rates to 39.6 percent on individual income more than $400,000 and households that earn more than $450,000.
You know the conservative talking heads over at Fox and the Right Wing radio shock jocks are going to do their damnedest to blame this on the President, but there is NO way that he deserves any of the blame for the failings of Congress. THAT blame rests solely on the Republicans and the teabagging obstructionists that are now apparently in the driver's seat.
The President has worked night and day to make a deal, and reached out twice to the American people to help him. He even caved in on the amount to be taxed, moving from the promised $250,000 and above to $450,000 and above.
That resulted in getting him into a LOT of hot water with the liberals, and I am not very damn happy about it either, but I will say this, the man has done EVERYTHING he could to keep this potential crisis from occurring, and I hope that the American people are aware of that and make sure to blame the appropriate individuals.
Here's a hint, there is an "R" next to their name, and they care MORE about getting reelected than about any of YOU people.
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