Great post Ms. Marion, thank you and the cadesertvoice for continuing to keep us all informed.
Originally posted on cadesertvoice:
President Obama fired the opening salvo on Thursday…
In negotiations over the so-called “fiscal cliff.” In a plan presented to Republicans by Treasury Secretary Tim Geithner, the President is asking for $1.6 trillion in new revenue by letting the Bush tax cuts expire on the richest 2% of Americans, and by increasing capital gains and estate taxes, which are mostly paid by very wealthy Americans like Mitt Romney. The President’s plan also calls for more stimulus spending on infrastructure and investments to help struggling homeowners refinance their homes. It also completely does away with the pesky debt-ceiling that Republicans have shown a willingness to exploit to force big spending cuts against the working class.
Under the President’s plan, the automatic spending cuts against social programs and the military will be stopped, but the President is putting up $400 billion in cuts to entitlement programs to be negotiated in…
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