December 12th, 2012
12:41 PM ET
2 years ago

Fiscal cliff talks still hung up on taxes

Washington (CNN) – Public posturing or possible stalemate? Continued sniping by both sides in the fiscal cliff negotiations shows little movement on the core issue – higher taxes on the wealthy.

House Speaker John Boehner chose different language on Wednesday to describe his latest talks with President Barack Obama, calling a phone call the night before "deliberate" and "frank."

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Filed under: Fiscal Cliff • John Boehner • President Obama
soundoff (19 Responses)
  1. Donna

    Better a lttle cliff now than a deadly cliff in a few years while Obama and the Democrats continue to run up trillion dollar deficits every year for as far as the eye can see.

    December 12, 2012 12:48 pm at 12:48 pm |
  2. Rudy NYC

    You have to understand something about Republicans. Each and every last one of them faces an existential threat to their political careers if they do not oppose tax increases. A miserable existence, I know. Washing the feet of the rich and powerful sounds like a twisted idea of fun, or a nightmare of a job career. Take your pick.

    So, why punish themselves and become Republicans in the first place?

    December 12, 2012 12:57 pm at 12:57 pm |
  3. Dutch/Bad Newz, VA

    $1.6 trillion to $1.4 trillion. I think that's reasonable. But don't think for one moment that the Bush tax cuts will stay in place for the top 2%. Mr. Speaker, why don't you mention that a trillion dollars in spending cuts have already been made in the lead up to the Budget Control Act? If republicans think that spending cuts is all that we need to do to fix this mess, then they're sadly mistaken. Here's "frank" for you: If you go off the cliff, taxes get raised on EVERYONE!! Frank enough for you?

    December 12, 2012 01:01 pm at 1:01 pm |
  4. mcskadittle

    I guess we should have known by the election but it still amazes me how out of touch the republicans are with the majority of Americans

    December 12, 2012 01:04 pm at 1:04 pm |
  5. Thomas

    f no deal is reached before Dec. 31, America will go over the “fiscal cliff,” which features big cuts in government spending and a series of tax hikes. Among the levies set to go higher (much higher) are taxes on dividends, where the effective rate would rise to 43.4% for top taxpayers vs. the current Bush-era rate of 15%.

    In an effort to preempt such a steep hike in dividend taxes, hundreds of companies have either issued “special” dividends in recent weeks or accelerated dividends originally set to be paid in 2013.

    The special-dividend bonanza has been a huge windfall for some corporate insiders, notably company founders such as Oracle’s Larry Ellison, who “saved” a staggering $76.9 million in taxes by taking a dividend this month rather than last month.

    =====

    John Boehner / Larry Ellison 2016 ?

    December 12, 2012 01:10 pm at 1:10 pm |
  6. Keven

    Both these guys are losers.

    December 12, 2012 01:11 pm at 1:11 pm |
  7. rs

    Jial time for Boehner!

    December 12, 2012 01:23 pm at 1:23 pm |
  8. Fair is Fair

    "Here's "frank" for you: If you go off the cliff, taxes get raised on EVERYONE!! Frank enough for you?"
    ------
    Let them go up on everyone. Really. Let them go up on everyone. Let the tax code go back to EXACTLY the way it was when Clinton was in office. For EVERYTHING. Marginal rates, Cap Gains, Estate tax... EVERYTHING for EVERYONE.

    When the resultant disaster happens, the dems own it. Frank enough for YOU?:

    December 12, 2012 01:25 pm at 1:25 pm |
  9. Lynda/Minnesota

    Brace yourselves Americans. Boehner and Company are ready ... Boehner and Company are able ... and Boehner and Company are oh so willing to run us off that cliff they spent 8 years guiding us ever so recklessly to the edge of.

    And who says GOPers never finish what they start?

    December 12, 2012 01:25 pm at 1:25 pm |
  10. dink

    The GOP saying the White House may have misinterpreted the latest offer because their offer includes tax reform down the road is MALARKEY! This is a scamming tactic!!! Time for the GOP to grow up, go away, or just continue to be spanked...

    December 12, 2012 01:28 pm at 1:28 pm |
  11. Dutch/Bad Newz, VA

    In the words of Dich Cheney, "deficits don't matter." Just how many republicans in today's Congress voted for the Iraq and Afghanistan wars, the Medicare Rx Plan, the Bush tax cuts & TARP? For them to ridicule the President and Democrats for wreckless spending, they need to take a long look in the mirror. Republicans have reached the height of hypocracy in regards to spending and restraint.

    December 12, 2012 01:34 pm at 1:34 pm |
  12. Dutch/Bad Newz, VA

    Let them go up on everyone. Really. Let them go up on everyone. Let the tax code go back to EXACTLY the way it was when Clinton was in office. For EVERYTHING. Marginal rates, Cap Gains, Estate tax... EVERYTHING for EVERYONE.

    When the resultant disaster happens, the dems own it. Frank enough for YOU?:
    ----------------------------------------------
    To be honest with you, I would have liked to see the Bush tax cuts expire when they were intended to: 2 years ago. Enough of the corporate welfare and the handouts to the rich. Tell me, why is it that republican Presidents run up these huge deficits and it's the responsibility of a democrat President to clean up their mess? That's been the trend of the last 3 decades.

    December 12, 2012 01:42 pm at 1:42 pm |
  13. Sniffit

    "Let them go up on everyone."

    Raising taxes on income past the first $250,000 IS raising taxes on everyone. If someone doesnt' make that now but starts making it later, then they will have to pay the increased rate. It applies across the board and without exception. The only way to avoid it is to make less than that...and if you ask anyone on the street whether they'd rather be making $100K per year and paying a lower rate or making $500K per year and paying that lower rate on the first $250K and a higher rate on the second $250K, guess what they'll freekin tell you? Guess. Pretending this is somehow singling out rich people for horribly unfair and inequitable treatment is patently absurd. Get a life.

    December 12, 2012 01:54 pm at 1:54 pm |
  14. Sniffit

    "Tell me, why is it that republican Presidents run up these huge deficits and it's the responsibility of a democrat President to clean up their mess?"

    To answer the first part, they run up these huge deficits beacuse they are trying to manufacture the death of Medicare and SS and create for themselves the justification for demanding it. As to the second part, beacuse the GOP/Teatrolls are irresponsible sociopaths who stopped wanting there to be a federal government or a union whatsoever in the 1860's and really REALLY stopped wanting there to be one in the 1960's.

    December 12, 2012 01:58 pm at 1:58 pm |
  15. SOUTHERN HOTTIE

    @@Fair is Fair

    You, Four and the Door, truth hurts, and Democrat Class warfare.... will never get it. You have been wrong every time. Please, please get a clue. Your brand, the GOP, extinct, out of touch, and unwilling to do the people's will. The 2012 elections were a referendum on the brand. Your brand is toast.

    December 12, 2012 02:00 pm at 2:00 pm |
  16. Fair is Fair

    Sniffit

    "Let them go up on everyone."

    Raising taxes on income past the first $250,000 IS raising taxes on everyone. Get a life.
    ------–
    Someone (supposedly) with a JD working in land court telling someone else to get a life? Talk about patently absurd.

    December 12, 2012 02:01 pm at 2:01 pm |
  17. SOUTHERN HOTTIE

    It's a win for the Democratic party and a loss for the GOP. The POTUS has made it clear that extending the Bush-era tax cuts excepting for those who make $250,000 and less is not part of the deal. If there is no deal, the GOP will get blamed.

    December 12, 2012 02:03 pm at 2:03 pm |
  18. Hammerer

    New poll shows that 48% agree with Obama's stance on the "cliff" .
    Records that 48% are deadbeats on government handout programs. Should prove something.

    December 12, 2012 02:05 pm at 2:05 pm |
  19. SOUTHERN HOTTIE

    @ Fair is Fair

    SMH. Your party's ideology is unwanted by the majority. What part of that don't you get? In denial much?

    December 12, 2012 02:09 pm at 2:09 pm |