December 03, 2012


House GOP Makes Counteroffer to Avoid Fiscal Cliff

House Republicans "made a new deficit proposal to the White House that calls for $800 billion in tax increases, half of what President Obama proposed and an amount Republicans say could be achieved without raising tax rates," the Wall Street Journal reports.

"The proposal represents an effort to strike a middle ground after the White House last week infuriated Republicans by making an opening bid in the budget talks largely summarizing the president's most recent budget proposal."










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