Few signs of a deal as fiscal cliff nears

Share this article:
House Speaker John Boehner (R-OH)
House Speaker John Boehner (R-OH)

Winning candidates had little time to enjoy November election victories, thanks to a looming $600 billion fiscal cliff. Republicans and Democrats quickly turned their attention to sequestration cuts that would trim Medicare payments across-the-board by 2%.

House of Representatives Speaker John Boehner (R-OH) called on President Barack Obama to lead efforts in avoiding the fiscal cliff's tax hikes and spending cuts that begin with the new year. But the GOP leader added he would not support tax rate increases on the wealthy.

Instead, Boehner pointed to getting rid of some corporate and personal tax loopholes and eliminating some deductions that would bring in new money to the treasury.

President Obama also signaled willingness to compromise with Republicans, declaring he was not “wedded to every detail” of his tax-and-spending approach. 




Share this article:
close

Next Article in News

More in News

Double homicide at Houston nursing home; victims' roommate arrested

Double homicide at Houston nursing home; victims' roommate ...

A double murder occurred late Tuesday night in a Houston nursing home room shared by four men, according to local authorities. Police arrested Guillermo Correa on suspicion of beating two ...

$2 million HIPAA settlement highlights mobile device risks facing healthcare providers

Laptops and other mobile devices containing personal health information have been stolen from long-term care ombudsman programs and other healthcare organizations, including from Concentra Health Services and QCA Health Plan Inc. Now, Concentra and QCA have agreed to legal settlements totaling nearly $2 million, federal ...

Long-term care nurses often 'scramble' to get family members' blessing for palliative ...

Nursing home residents might not transition to full palliative care until they are very near death, at which point nurses and family members act in a state of crisis, suggests recently published research out of Canada.