Welcome to Laura's Home on the Web
Facebook Twitter
Need to Know
December 18, 2012
Obama: Tax hike for $400K+, cut in Social Security COLA
Posted by Staff
The Chicago Sun Times reports:

Just two weeks before the economy-threatening “fiscal cliff” is due to kick in, both President Barack Obama and House Speaker John Boehner are making significant concessions to each other, backing off what had once been ironclad positions on how to avoid the huge automatic spending cuts and tax increases.

The moves signal a new stage in the negotiations, which picked up steam Monday with Obama’s offer to drop his long-held insistence that taxes rise on individuals earning more than $200,000 and families making more than $250,000. He is now offering a new threshold of $400,000 and lowering his 10-year tax revenue goals from the $1.6 trillion he had argued for a few weeks ago.
12/18/12 9:36 AM
Del.icio.us Facebook Fark Furl
Google Newsvine Reddit Yahoo
<< Back to Need to Know
Freedom Czar Polo All Freedom Czar gear 50% off.
$18.97
Laura 365 Conservative Book Club
Home | Charity | Store | About Laura | Action Alerts! | Video Extra | Laura 365 | Contact Us | Help | Site Directory
Copyright 2002-2014 LauraIngraham.com. All rights reserved.
Terms & Conditions | Privacy Policy | Acknowledgments
This site is Created and Managed by Nox Solutions LLC.