This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
Expect a December 31 Senate vote. Majority Democrats will pass what Obama endorses. House Republicans may or may not agree. Failure will let yearend tax breaks and unemployment benefits expire. Explaining it to constituents won't be easy.
Obama wants wealthy Americans "to pay a little more." Republicans object. Expect eventual compromise.
Obama said what fiscal conservatives want to hear. He wants spending cut "in a responsible way."
At issue is destroying America's social contract, enacting corporate tax cuts, largely protecting super-rich elite benefits, and generously funding the Pentagon's war machine.
It's also about making ordinary households pay for militarism, permanent wars, and predatory capitalist waste, fraud, excess, and abuse. Making them bear the burden is official policy.
Both sides agree. Temporary or final resolution will harm millions least advantaged. Living standards will be hit hard. Expect House Republicans to come around in stages.
On or around yearend, modest agreement will be reached. Enough to last weeks or through 2013 Q I. Investors and markets will be assuaged. Negotiations will continue. Before end of March, other issued will be resolved.
Later discussions will involve major tax code changes. Corporate tax cuts will be prioritized. Obama agreed earlier. Doing so bought business support.
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
1
1
