TruthOut10
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- Dec 3, 2012
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House Republicans sent a counterproposal to avert the "fiscal cliff" to the White House on Monday outlining a $4.6 trillion deficit reduction proposal without raising tax rates.
President Obama and Senate Democrats have said that without a deal to raise tax rates on the wealthiest Americans there is no path forward to avert the fiscal cliff at the end of the year when George W. Bush-era tax rates expire and $1.2 trillion in spending cuts over 10 years are triggered.
GOP's $4.6T 'fiscal cliff' counterproposal rebuffed
President Obama and Senate Democrats have said that without a deal to raise tax rates on the wealthiest Americans there is no path forward to avert the fiscal cliff at the end of the year when George W. Bush-era tax rates expire and $1.2 trillion in spending cuts over 10 years are triggered.
GOP's $4.6T 'fiscal cliff' counterproposal rebuffed
