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

Hospitals in the Midwest refer patients to the broadest networks of skilled nursing facilities, study finds

Hospitals in the Midwest refer patients to the ...

Midwestern hospitals spread referrals to the greatest variety of skilled nursing facilities and tap their favorite SNFs least often, according to a recently published analysis of nationwide referral patterns.

Bill would affect pay, scheduling for some nursing home housekeeping staff

Nursing homes could face more stringent scheduling requirements for housekeeping workers and might be on the hook to compensate them for last-minute shift changes under a bill proposed in both houses of Congress.

Joint Commission adds memory care accreditation

New memory care accreditation for nursing homes encourages staff to use a flexible, problem-solving approach to care for those with dementia, according to Joint Commission guidelines.