Arab Today, arab today top republican warns \no progress\ yet on fiscal cliff talks
Last Updated : GMT 23:45:06
Arab Today, arab today
Arab Today, arab today

Top Republican warns \'no progress\' yet on fiscal cliff talks

Arab Today, arab today

Arab Today, arab today Top Republican warns \'no progress\' yet on fiscal cliff talks

Washington - AFP

House Speaker John Boehner said Friday there was \"no progress\" in deficit talks and accused the White House of recklessly pushing the country to the fiscal brink over tax hikes. \"This isn\'t a progress report because there is no progress to report,\" said Boehner, the main Republican in negotiations with President Barack Obama on looming tax hikes and spending cuts that could push the country into recession. \"When it comes to the fiscal cliff that\'s threatening our economy and threatening jobs, the White House has wasted another week.\" Obama sent Treasury Secretary Timothy Geithner to Capitol Hill last week with an opening gambit, proposing $1.6 trillion in new tax revenues over the next decade, mainly from higher tax rates on the wealthiest two percent of Americans. A Republican counter-offer included a plan for $800 billion in tax revenue raised through closing loopholes and ending some deductions. Both plans have been rejected. \"The president doesn\'t agree with our proposal. I believe that he\'s got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the Congress,\" Boehner told reporters. \"We are ready and eager to talk to the president about such a plan.\" Geithner raised eyebrows Wednesday when he said the Obama administration was \"absolutely\" ready for the economy to tumble over the fiscal cliff if a deficit-reduction deal did not include higher tax rates for the wealthy. Boehner on Friday described such comments as \"reckless talk.\" \"I came out the day after the election to put revenues on the table, take a step towards the president, to try to resolve this. When is he going to take a step towards us?\" The top Republican in Congress suggested there might be wiggle room in the negotiations, which must thrash out a deal by year end or have taxes rise by what the White House says is about $2,200 per US household. The top rate is due to rise from 35 percent to 39.6 percent if Bush-era tax cuts expire four weeks from now. Boehner did not reject outright a query about whether he envisioned a potential compromise that would see the rate rise to a compromise of 37 percent while somehow protecting small businesses, a group which Republicans have long claimed can ill afford higher taxes.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today top republican warns \no progress\ yet on fiscal cliff talks Arab Today, arab today top republican warns \no progress\ yet on fiscal cliff talks

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday