Hmmmmm
A Democratic source familiar with the talks tells CNN they have hit a “major setback” because Republicans are now insisting that any fiscal cliff deal include “chained CPI,” which Democrats consider a “poison pill.”
The Democratic source says they understand the president offered this in talks with House Speaker John Boehner, but Democrats say that was in the context of a larger deal – in exchange for changes to the way the debt ceiling is approached – which is not in the plan anymore…
The source also told CNN that Democrats are currently “going outside their comfort zone” in these talks with regard to tax rates – keeping tax rates in place for higher income households than the president wants. The source also said Democrats are negotiating with Republicans on extending the current lower estate tax rate, a big issue for many Republicans as well as moderate Democrats.
Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
and yet the gop will get the blame….
cmsinaz on December 30, 2012 at 2:54 PM
Enjoy the bonfire on New Years Eve, Comrades.
Let. It. Burn.
Give the people what they voted for.
JPeterman on December 30, 2012 at 2:55 PM
Just because the Dems want to go over the cliff, it doesn’t mean we shouldn’t.
KCB on December 30, 2012 at 2:59 PM
If the GOP gave the Democrats a signed blank page the liberals would reject it.
They want it all.
Over the cliff we go.
SteveMG on December 30, 2012 at 2:59 PM
Good. If Obama can keep changing things, so can we. Obama wants to go over the cliff. Let’s make it as painful as possible for him and his party of degenerates.
txhsmom on December 30, 2012 at 3:04 PM
Obama hates you, fools.
The entire “cliff” is a fabricated kindergarten ‘crisis’. Only children are in charge, fooling the children of the land.
The AMT (alternative minimum tax) bracket doesn’t adjust for inflation and thus more and more people fall into it. The govt creates socialism/communism and dependency, so long as the Looters live good.
Schadenfreude on December 30, 2012 at 3:05 PM
Won’t the AMT now catch people making $40K, who pay no federal income taxes now? That sounds good to me.
txhsmom on December 30, 2012 at 3:07 PM
Kabuki theater. We’re trillions in debt, with more than that to come. Why not just print the money. It’s a pittance. It’s nothing. This admin is a show about nothing. It’s Seinfeld, the sequel.
Paul-Cincy on December 30, 2012 at 3:09 PM
txhsmom on December 30, 2012 at 3:07 PM
If the cliff happens, which I hope it does, 11% of those who don’t pay now, will have to pay some taxes. Let them learn how much Obama ‘loves’ them, and “cares for you”.
Same goes for those who make under 250,000 and voted for him…heck, let all suffer, so they learn the hard way to trust such a tyrant.
Schadenfreude on December 30, 2012 at 3:11 PM
Except that Seinfeld was funny.
txhsmom on December 30, 2012 at 3:12 PM
This whole thing stinks on both sides.
L.i.B.
davidk on December 30, 2012 at 3:12 PM
May all the politicians go down the cliff, heads first, Obama/Boehner/McConnell/Reid/Pelosi leading.
Schadenfreude on December 30, 2012 at 3:13 PM
Yes but he’ll blame the Republicans for it.
He’s in the catbird seat and he knows it.
Give in on tax increases on the rich, support the cuts to the middle class. Then when the deficit is another $1 trillion they can say, “See? Taxing the rich won’t solve this problem.”
You need to hit the public over the head until they realize that we can’t tax the rich out of this.
SteveMG on December 30, 2012 at 3:15 PM
Cry me a river.
davidk on December 30, 2012 at 3:15 PM
I’m sure if the Republicans would only agree to disband and ceed all legislative power to the executive branch for 4 years all our problems would be solved… /s
claudius on December 30, 2012 at 3:16 PM
Let. It. Burn.
BigGator5 on December 30, 2012 at 3:18 PM
God damn them all.
Schadenfreude on December 30, 2012 at 3:20 PM
The show was funny. I have never heard a Seinfeld monologue that was funny. It’s always, yeah, oh that’s a little amusing, smile…but never a laugh.
Sorry to say it, but I think the genius was Larry David.
bobs1196 on December 30, 2012 at 3:29 PM
Who cares. He’ll blame republicans and the polls will show people blame them but something like that is something people forget. The economy goes south, they’ll blame him. The midterm election is basically two years away and the presidential, 4 years. This wont do shit in context
Flapjackmaka on December 30, 2012 at 3:33 PM
32.5 hours ’til Taxmageddon, ET.
txhsmom on December 30, 2012 at 3:34 PM
Exactly!
Go over the cliff. Then make sure everyone knows that the cliff only existed because Obama refused to agree to spending cuts to match the amount the debt ceiling was raised last year.
Republicans need to hammer that fact over and over and over. This “cliff” wouldn’t have existed if Obama had been serious about reducing spending and reducing the deficit.
ButterflyDragon on December 30, 2012 at 3:37 PM
A pair needed for that, alas.
Schadenfreude on December 30, 2012 at 3:42 PM
It is all a scam.
Look for the
last minute deal to delay the fiscal cliff for “X” months….
albill on December 30, 2012 at 4:02 PM
The end of the republican party power for a long while. You fools just do not get it. Most Americans will see the CNN reports talking about how the evil republicans refused to negotiate and now they raised their taxes too.
You all think the hatred for Bush is strong, just wait for this cliff thing. ObamaCare just just one piece, when the republicans get their butts handed to them for a few more election cycles we all be speaking Spanish among other things.
Bottom line is THE MESSAGE WILL NEVER GET OUT. It still has not with GWB and how this has long been an Obama Economy, what makes you for one icken minute think this would be ANY different?
watertown on December 30, 2012 at 4:26 PM
I agree. It’s like watching the same tired movie plot over and over with a few plot twists larded on.
Mimzey on December 30, 2012 at 5:23 PM