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Getbig Main Boards => Politics and Political Issues Board => Topic started by: blacken700 on January 02, 2013, 06:22:57 AM
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Congress passed a hard-won deal to ease large portions of the "fiscal cliff."
Republicans were upset the deal did not have cuts.
"We not only need to grow the economy but we also have to address the fundamental causes of our debts and deficits, and that's out-of-control spending, obligations that we have not got the financial wherewithal the meet," said Rep. Dave Camp, (R-Mich.) the top Republicans on the tax-writing Ways and Means Committee.
Democrats also were pleased that for the first time in decades Republicans signed onto a measure that leaves taxes higher this year than the year before.
"This legislation breaks the iron barrier that for far too long has prevented additional tax revenues from the very wealthiest," said Rep. Sander Levin (D-Mich.) "It raises $620 billion in revenue by achieving the president's goal of asking the wealthiest 2 percent of Americans to pay more while protecting 98 percent of families. That's right -- that's what it does. I want to emphasize this contrary to propaganda coming from the other side -- it prevents 98 percent of businesses from another tax increase."
http://www.huffingtonpost.com/2013/01/01/fiscal-cliff-deal-passed-_n_2394022.html