Fiscal Cliff Notes for Dec. 10, 2012
21 days to the fiscal cliff
THE CAMPAIGN CONTINUES: OBAMA TO DETROIT MONDAY TO PUSH TAX BREAKS
President Barack Obama hits an auto plant in Detroit--great photo backdrop--to make yet another campaign-style push for Republicans to vote to extend federal tax breaks for 98 percent of earners before they expire on Dec. 31.
Obama will visit Daimler Detroit Diesel to "tour the plant and then deliver remarks to workers." The Detroit Free Press is reporting on Monday: Obama "will announce a new investment to expand U.S. production and jobs as President Barack Obama visits the company's Redford facility today.
"The White House said the investment is expected to be $100 million or more and, with it, Daimler Trucks North America will become the first heavy-duty vehicle equipment manufacturer on the continent to build a fully integrated powertrain from on production facility. Read the entire article HERE
OBAMA, BOEHNER MET SUNDAY: AT LEAST THEY ARE TALKING
Obama and House Speaker John Boehner (R-Ohio) the two men who can cut the deal--everyone else is just an extra for now--met face-to-face for the first time in weeks on Sunday. No substantive details have leaked yet. So even though there is no progress to report, at least they are talking--and Obama still has the upper hand. Do Republicans really want to start the year--and the new session--being blamed on raising taxes on 100 percent of us--in order to save money for the top two percent earners?
All that would happen is the new Congress--sworn in on Jan. 3--would extend the tax breaks for the 98 percents--in order to avoid political trouble.
HIKE TAXES ON THE RICH: NEW POLL OUT MONDAY
POLITICO-George Washington University Battleground Poll: Poll sample of 1,000 registered "likely" voters with a margin of error of +-3.1% and field dates of Dec. 2-6, 2012.
Battleground Poll: Hike taxes on the rich http://politi.co/RkEAg5
Highlights, from POLITICO--GWU
- 60% of voters support raising taxes on households that earn more than $250,000 a year
- 64% want to raise taxes on large corporations
- Three in four voters want to cut government spending across the board
- Only 38% buy the GOP argument that raising taxes on households earning more than $250,000 per year will have a negative impact on the economy