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

Wendy60 Wrote: Dec 29, 2012 3:01 PM
House Republicans need to get out front of this issue. They should just pass a bill cutting taxes for everybody, including wealthy and AMT, as well as dividends and capital gains. Then pressure Senate Republicans to support it so that the GOP is unified. Why let up on the left? Why give them any leeway to take the PR initiative?
SuperSam Wrote: Dec 29, 2012 4:16 PM

The House has passed a bunch of bills addressing the financial problems, but Horrible Harry Reid won't allow them on the floor for discussion, let alone a vote.

The last bill, Plan B, was in process, then Reid came out publicly and said he would not consider the bill if it is passed, so it was dropped.

What is Boehner to do, shoot Reid and run the Senate, as well?

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...