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Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

LilDoc Wrote: Dec 29, 2012 10:00 AM
How does Obama raise middle-class taxes without appearing responsible? Fiscal Cliff

So how did the last-ditch fiscal cliff meeting go this afternoon? Not great. President Obama again put forth the scaled-back version of the proposal he pitched last week.

A source familiar with the meeting told CNBC that Obama was not making a new offer; just laying out what he thinks can pass the House and Senate. That includes keeping the tax cut for those making up to $250,000 and an extension of unemployment insurance for 2 million people. He will then ask the participants what they are willing to support, and if they don't have a counterproposal that...