December 25th, 2012
11:40 AM ET
1 year ago

Fiscal cliff bill could come down to wire

Honolulu (CNN) – Though the U.S. Senate is slated to reconvene Thursday, Democrats in the chamber are considering delaying the roll out of their bill to avert the year-end fiscal cliff within just a couple days of the new year, according to a Senate Democratic leadership aide.

The move is part of an effort to gain some Republican backing for a bill, but also to run out the clock and increase pressure on House Speaker John Boehner to take up the bill and House Republicans to support it.

Senate Democrats plan to unveil a bill only when there is Republican support in the Senate, said the aide.

Congress and the president are taking a holiday break, with plans to return to work Thursday to try to find a deal in the final five days of the year. White House aides and Senate Democrats are working out details of a proposal, though no weekend conversations occurred between Democratic and Republican negotiators, according to multiple sources from both parties.

The main dispute continues to be over taxes, specifically the demand by Obama and Democrats to extend most of the tax cuts passed under President George W. Bush while allowing higher rates of the 1990s to return on top income brackets.

Republicans oppose any kind of increase in tax rates, and Boehner suffered the political indignity last week of offering a compromise that his colleagues refused to support.

READ MORE: What options lie ahead for Senate Democrats


Filed under: Fiscal Cliff
soundoff (40 Responses)
  1. Rick McDaniel

    It won't pass anyway.

    December 25, 2012 12:03 pm at 12:03 pm |
  2. An Observer

    Let's go over the cliff and make republicans a minority regional party of social misfits in the south forever.

    December 25, 2012 12:11 pm at 12:11 pm |
  3. Dave

    R.I.P., G.O.P.

    December 25, 2012 12:11 pm at 12:11 pm |
  4. jimmyjo

    This is a joke. Let the economy crash. The only way to pay off debt is to cut spending and increase taxes. This GOV is running like the majority who voted them in. NO BUDGET, no self control, and thinking the bill will never come do on the limitless credit card, then expect the people who actually work to pay their bankruptcy. Plain ignorrant.

    December 25, 2012 12:16 pm at 12:16 pm |
  5. plain&simple

    Nothing like optimism to end the old year and start the new.....keep hope alive and vote for politicians who do!!!!

    December 25, 2012 12:26 pm at 12:26 pm |
  6. The Film Professor

    Let's go over the cliff. Then let the Dems propose a bill on Jan 2 giving the tax breaks back to income under $250,000 and dare the Repubs to vote against it. Dems in the Senate should also abolish the filibuster on Jan 2, and Obama should just issue an Executive Order raising the debt ceiling and tell the Repubs to sue him if they don't like it.

    December 25, 2012 12:29 pm at 12:29 pm |
  7. NB Gerry

    Time to plan beyond January 1. All of our taxes are going up, spending will be cut, and all of the credits and holidays will cease. Get over it. Time to pay the piper for all of the years of over spending and under taxing. When every income earning American is paying taxes, then we are all paying "our fair share"

    December 25, 2012 12:29 pm at 12:29 pm |
  8. Larry L

    The Tea Party Republicans in the House are somewhat like those terrorists who enter a building with guns blazing away at helpless victims. They intend to die to make their "statement" so a terrible outcome actually fits their plans. The Republican extremists got elected by a group who actually wants our federal government to fail so the threat of serious harm to the poor and middle class means nothing to them. That's their plan all along. The good news will come in 2014 when America throws them and the rest of the Republican Party into the street.

    December 25, 2012 12:32 pm at 12:32 pm |
  9. Mike

    Republicans are willing to raise taxes on all people because they don't want to raise taxes on just the wealthy people. So Republicans are for an across-the-board tax increase. Why don't they just say it then?

    December 25, 2012 12:35 pm at 12:35 pm |
  10. IanA1

    Give the republicans nothing. If they wont be reasonable about compromise, go over the cliff already, and all tax cuts will automatically expire.
    At that point, offer the working & middle class an equal amount to the break they would have received, in some other form, and offer the rich nothing. Republicans will pass it at that point or be voted out next election cycle.

    December 25, 2012 12:36 pm at 12:36 pm |
  11. Aerin

    The GOP owns this mess, what a disaster!

    December 25, 2012 12:39 pm at 12:39 pm |
  12. Name lynn

    just go over the cliff and get the job dont right and stop playing around with boehner and the republicans and we will all pay higher taxes

    December 25, 2012 12:44 pm at 12:44 pm |
  13. Drew Bates

    51% is not a mandate. Hang in there, GOP–just like the Democrats did after 2004 when GWB won 51%. Government hand-outs and burgeoning bureaucracy will never make the economy grow. It takes a robust business environment, something that the liberals have no clue how to achieve.

    December 25, 2012 12:49 pm at 12:49 pm |
  14. NB Gerry

    I really love reading some of these comments. Do you realize we are running a deficit of over $1 Trillion each year, which adds to our current debt, which is over $16 Trillion? So tell me how "offer the working & middle class an equal amount to the break they would have received, in some other form, and offer the rich nothing" or "Then let the Dems propose a bill on Jan 2 giving the tax breaks back to income under $250,000 and dare the Repubs to vote against it. Dems in the Senate should also abolish the filibuster on Jan 2, and Obama should just issue an Executive Order raising the debt ceiling and tell the Repubs to sue him if they don't like it." do ANYTHING to alleviate this growing problem?

    Quit being so selfish! Our grandchildren and great-grandchildren will inherit what we are leaving them, and right now, in 10-20 years, we will look like Greece, and you will have to try to explain how you agreed with our President.

    December 25, 2012 12:50 pm at 12:50 pm |
  15. El Lobo

    If it wasnt for gerrymandering there would be no gop. 2014

    December 25, 2012 12:53 pm at 12:53 pm |
  16. Chris

    You folks think this is no different than a football game rooting for 'your' team....what you dont understand, is that ultimately the WORLD will judge how we manage our debt...Raising taxes on 'rich' people is a joke, you dont HAVE enough rich people to overcome the costs of the systems we have in place...do the research. I TOO want to go over the cliff, but because I WANT a smaller government....and I am a DEMOCRAT!

    December 25, 2012 12:54 pm at 12:54 pm |
  17. asm_ith

    @jimmyjo: You say that the government "is running like the majority who voted them in." Yet the Republicans, who got a minority of the votes, have been resisting tax increases which you do correctly state are needed along with spending cuts. The situation is no different from any family or business; they look for ways to cut expenses (spending) but also for ways to increase revenue. The Republican belief that cutting taxes always leads to increased revenue because it expands the economy has been shown to be false, so they should wake up to reality. The Democrats also need to wake up and figure out real spending cuts. And both sides need to focus on the areas which have the largest spending.

    December 25, 2012 12:57 pm at 12:57 pm |
  18. Jack33

    Write your representatives – especially republicans – and let them know if they don't go along with letting the cuts to the rich expire, you wont be voting for them next election.
    The only way to get these knuckleheads to change their minds is to assure them they'll be fired soon if they don't.

    December 25, 2012 12:57 pm at 12:57 pm |
  19. Anonymous

    the left continues to do nothing and blames the right. when will you see that they are all the same. they will continue to live as royalty even when out of office and you rubes will continue to bow to he gov idol. it s fair ?? to blame the "rich" who already pay the majority of the governments expenses? they need to be as poor and dependent on the gov largess as you pitiful examples of progressive thinking. at what point of bankruptcy will you finally open your head to logic and agree that spending needs to be in line with reasonable income, equally received by ALL citizens? no matter how much the government steals from its citizens they will always spend more on their lifestyle then any free citizen. and your ok whit that. pitiful.

    December 25, 2012 01:05 pm at 1:05 pm |
  20. Squigman

    The agreement may come down to the wire, but when it comes to voting the republicans out, it's gonna come fast and furious. It'll be a blessing to see them gone.

    December 25, 2012 01:09 pm at 1:09 pm |
  21. rs

    The Republicans have made it clear they only have skin in the game to help the richest only. They've turned their backs on America and clearly are working as hard as they can to put us back into a recession. Thanks guys!

    December 25, 2012 01:15 pm at 1:15 pm |
  22. strangerq

    It won't pass anyway.

    ^ The Senate's existing bill would pass.

    That's why Boehner refuses to bring it to the floor.

    It would have a minority of GOP plus all Democrats.

    December 25, 2012 01:16 pm at 1:16 pm |
  23. Tony

    Drew Bates, Republicans claimed mandate after the 2010 election. Guess what was their share of vote? 51%. What was the mandate? "Jobs, jobs, jobs." In case you are wondering, not a single job bill was passed.

    December 25, 2012 01:17 pm at 1:17 pm |
  24. strangerq

    if it wasnt for gerrymandering there would be no gop. 2014

    ^ And they know it. They are desperate and willing to destroy the country for political gain.

    Go over the cliff, unilaterally raise the debt ceiling, propose tax cuts for 1st 250K of income.

    Let GOP oppose.

    Destroy them in 2014.

    Then do what you want with an all Democratic government.

    December 25, 2012 01:22 pm at 1:22 pm |
  25. William Wood

    So the solution is yet again to NOT let the people see the plan until after it passes. This is why both parties are nothing more than power grabbers. They serve the people and the people have a right to know the details of the plan so that the people can tell their congressman and senators how they want them to vote. If the people can't see the plan then how can people be involved in the process? The entire system is broken by greed of politicians and the people who accept it.

    December 25, 2012 01:22 pm at 1:22 pm |
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