Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/18/2012 (2 years ago)

Catholic Online (www.catholic.org)

Republican attempt to break Obama bottleneck is likelt DOA.

Republicans, fed up with Obama's bottle necking, have initiated their own plan to avert the fiscal cliff. The plan includes a bill that will raise taxes on those earning over $1 million while extending cuts on the rest of Americans.

Boehner has announced a stalemate in talks with the President.

Boehner has announced a stalemate in talks with the President.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/18/2012 (2 years ago)

Published in Politics & Policy

Keywords: Republicans, Democrats, PR, economy, fiscal cliff


Washington DC (Catholic Online) - Speaker John Boehner (R-OH) revealed the legislation on Tuesday, despite the fact that Nevada Senator, Harry Reid (D) has already said the bill won't pass because it is too weighted in favor of the wealthy.

Given Reid's assessment, it is unlikely that the bill will pass, since it needs 218 votes and the cooperation of at least some of the house democrats.

The vote on the bill will happen this week. 

There has been some progress reported in the talks between John Boehner and President Obama, but the two sides still remain at an impasse over how much taxes should be raised on the wealthy, and what cuts should accompany them.

Obama has stymied Republicans by refusing to discuss tax cuts until the Republicans agree to tax hikes.

A failure of the two sides to agree before Jan. 1, will trigger the "fiscal cliff," a collection of automatic spending cuts and tax increases that economists warn will trigger a new recession that could last through most of 2013.

However, the government continues to deficit spend in record-breaking amounts. Within the next few months, it is expected that Obama will ask to raise the debt ceiling, which will increase the burden owed by future generations.

Boehner has informed Obama that he would be pursuing what he calls, "Plan B" legislation.

Obama and leading Democrats have held emergency meetings to discuss how to react to the Republican attempt to break the gridlock.

So far, the Democratic response is to bottleneck everything.

If the two sides can't work out their differences in the next 13 days, your taxes will go up, no matter if you are a millionaire or a pauper. And if you rely on benefits, your benefits will likely be cut too. Ultimately, we all have something to lose if neither side can make reasonable concessions.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

Six years of snooping: U.S. unveils six-year-old report on NSA activity Watch

Image of The phone records program, which let the NSA to hunt for communications between terrorists abroad and U.S. residents, had been argued as being ineffective.

By Catholic Online (NEWS CONSORTIUM)

If no legislation rules otherwise, the Patriot Act surveillance law will expire this coming June 1. This would not only affect National Security Agency, or NSA surveillance, but other programs used by the FBI to investigate domestic crimes. To this end, the ... continue reading


House of Representatives may subpoena Hillary Clinton's personal e-mail server Watch

Image of Asked to evaluate Clinton's chances of being elected the next president of the United States, Boehner said Hillary Clinton could be a

By Catholic Online (NEWS CONSORTIUM)

The House of Representatives may subpoena Hillary Clinton's personal e-mail server if she does not voluntarily surrender it for examination by an independent party, John Boehner revealed this week. LOS ANGELES, CA (Catholic Online) - "I've not made any decisions ... continue reading


Eating at the government's table: 353,000 refugees on food stamps, 55,000 receiving SSI Watch

Image of They come from faraway lands to the United States in search of a better life - all on the taxpayer's dime.

By Catholic Online (NEWS CONSORTIUM)

They come from faraway lands to the United States in search of a better life - all on the taxpayer's dime. It has been learned that at least 350,000 refugees in the U.S. are on food stamps, according the Congressional Research Service, or CRS. LOS ANGELES, CA ... continue reading


Bill and Hillary Clinton have been 'disorganized and greedy,' analyst says Watch

Image of Regardless of Bill Clinton's personal feelings about Obama, it did not take him long to see the advantages of an Obama Presidency. More than anyone, he pushed Hillary to take the job of Secretary of State.

By Catholic Online (NEWS CONSORTIUM)

Former U.S. President Bill Clinton, along with his wife Hillary - who has her eyes on the presidential seat come 2016, reportedly have a "web of connections between Bill's private work, Hillary Clinton's public role as secretary of State, the Clintons' ... continue reading


Loretta Lynch makes history as the first African-American female U.S. attorney general Watch

Image of Loretta Lynch is the first African American female attorney general in the history of the United States.

By Talia Ramos (NEWS CONSORTIUM)

Loretta Lynch has been confirmed as the new U.S. attorney general last Thursday. History is made as she became the first African-American woman to occupy such a crucial and distinct government position. Lynch was not present during the Senate confirmation, however, her ... continue reading


Have they found their man? Koch brothers offer audition to Jeb Bush Watch

Image of Jeb Bush, former governor of Florida, may be the candidate likely to receive support from the Koch brothers and their network of extensive political contacts.

By Matt Waterson (NEWS CONSORTIUM)

The Koch brothers, Charles and David, the wealthy political donors who have dipped their hands and massive fortunes into U.S. politics for years, may have upped their involvement, considering for the first time whether to lend their wealth and organizational ... continue reading


Will one book ruin Hillary Clinton's entire presidential campaign? Watch

Image of Hillary Clinton's campaign takes a big hit with new book.

By Abigail James (NEWS CONSORTIUM)

A controversial "tell all" book about the Clinton Foundation's funding habits, titled "Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich," is set to enter stores and rock Hillary's campaign next month. ... continue reading


Social Security numbers issued to more than half a million illegal immigrants in U.S. Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

The cornerstone to lawful employment to labor in the United States, it has been recently revealed that more than half a million illegal immigrants - or 541,000 illegal aliens. This disheartening statistic has been revealed by Carolyn Colvin, acting commissioner ... continue reading


Hillary Clinton caught in shameful lie on family's history Watch

Image of

By Abigail James (NEWS CONSORTIUM)

As Hillary Clinton continues to shape her platform for presidency, she is reported as boasting her family's immigration history. During one of her first speeches as an official candidate, Clinton said that "all her grandparents had immigrated to the United States," ... continue reading


Federal government sets all-time record for tax revenue Watch

Image of We will not know how much additional tax revenue the Treasury pulled in until it releases its next daily statement tomorrow afternoon. Every dollar of it will add to the new record.

By Catholic Online (NEWS CONSORTIUM)

Tax day has arrived - and with the close of business on April 14, the Treasury brought in a record $1,477,901,000,000 since fiscal 2015. Began on October 1, 2014, these figures are courtesy of the Daily Treasury Statement. Despite this record tax revenue, the ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 11:1-18
1 The apostles and the brothers in Judaea heard that ... Read More

Psalm, Psalms 42:2-3; 43:3, 4
2 I thirst for God, the living God; when shall I go ... Read More

Gospel, John 10:1-10
1 'In all truth I tell you, anyone who does not enter ... Read More

Saint of the Day

Saint of the Day for April 27th, 2015 Image

St. Zita
April 27: St. Zita was born into a poor but holy Christian family. Her ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter