Both Sides Willing to Take a Cliff Dive

Friday, 28 Dec 2012 09:20 AM

By Bill Hoffmann

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Many Republican and Democratic lawmakers are ready to take a swan dive off the fiscal cliff, feeling its better temporarily to absorb the chaotic consequences than “swallow a raw deal,’’ Politico reports.

“It seems the least bad route for all sides is on the other side of Jan. 1,’’ one senior House Republican told the political website.

Both sides have concrete ideas on how the lack of a last-minute deal would play out with the public.

“For many Republicans, a cliff dive means blaming President Barack Obama for a big tax hike in the short term and then voting to cut taxes for most Americans next month,’’ Politico explains.

Alert: Will Raising Taxes Help or Hurt America? Vote Here!

That means “an easier sell back home in Republican-heavy districts’’ than an eleventh-hour deal now that raises taxes on those making over $250,000 or $400,000, extends unemployment benefits and does little to cut back on entitlement spending.’’

On the Democratic side, according to Politico, “the cliff is better than setting a rich man’s cutoff in the million-dollar range — or worse yet, extending the Bush tax cuts for all earners — and slashing Medicare and Social Security to appease Republicans.’’

Still, some political analysts told CBS News they remain hopeful that the deadline and the possibility of “a very angry American public’’ will force lawmakers to cut a deal before the clock runs out.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Says Russia Firing Artillery at Ukraine Military

Thursday, 24 Jul 2014 18:51 PM

The United States said on Thursday that Russia was firing artillery across its border with Ukraine to target Ukrainian m . . .

Texas National Guard Could Get Powers to Arrest

Friday, 25 Jul 2014 07:59 AM

The Texas National Guard could acquire the power to make arrests after Gov. Rick Perry announced plans to deploy 1,000 t . . .

EU Cuts Deal to Sanction Russia

Friday, 25 Jul 2014 07:52 AM

European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved