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The 2012 Lame Duck Session is Here

gstephens Wrote: Nov 12, 2012 5:52 PM

Patrick Henry, 1775. Jon, I sort of agree with you. No matter how sequestration works out, an Obama-vetoed outcome will last no more than two years--1/3 of the Senate will be up for re-election. The loss of the alternative minimum tax and return to pre-Bush rates for all tax payers will be a lot more effective a campaign force than any talk from either side. This would probably do more long term good for the nation than any political force. It would certainly set the agenda for 2014.

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The 2012 Lame Duck Session is Here

It's been nearly a week since Barack Obama was re-elected president and today the 2012 lame duck session officially begins as the fiscal cliff looms.

—The expiration of Bush-era tax cuts on income, investments, married couples and families with children and inheritances.

—A $55 billion, 9 percent cut to the Pentagon next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.

—The expiration of unemployment benefits for the long-term jobless and a sharp cut in reimbursements for doctors participating...