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

mast1055 Wrote: Dec 28, 2012 9:53 PM
Who said that 250k means that you are a millionaire or billionaire - zippy? Wasn't me. But I do know that those making 250k or more can also afford to pay more in taxes. The child tax credit - cut in half - that was the idea of the republicans before they would raise the debt ceiling. Do your research 8

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...