Thursday, November 8, 2012

GOP to be blamed for plunging off 'fiscal cliff'

If Republicans don’t go along with calls by President Obama for higher taxes and the nation goes off a “fiscal cliff,” then the GOP is to blame, says a Democratic congressman.
“We face a fiscal cliff,” said Rep. Chris Van Hollen, D-Md., on CNN. “They (Republicans) face a very important question on this fiscal cliff. Are they going to drive off the fiscal cliff with the message that nobody in the country gets tax relief unless very high income earners get a bonus tax break? That’s the message they want to send to the American people. I just think it’s unsustainable.”
Van Hollen is among those who favor tax increases as a way to reduce the national deficit.
“The president’s talked about it, combination of cuts but also revenue,” he said. “And it’s very clear from the exit polling that a majority of Americans recognize that we need to share responsibility in reducing the deficit. That means asking higher income earners to contribute more to reducing the deficit.
“So, that was one of the clear messages that was one of the central themes in this campaign. The president won. And I think it’s important that Republicans on the Hill recognize that the American people have said, balanced approach is necessary, we get our deficit under control.”
Margaret Hoover, a Republican political analyst, told Van Hollen that “exit polling actually showed, ‘Should taxes be raised to help cut the budget deficit?’ and 63 percent of exit pollers said no.”
Van Hollen responded, “All the exit polling I’ve seen shows that people said yes when it comes to people over $250,000 contributing more to reduce the deficit. When you ask people whether everybody should face a tax increase, they say no. That’s not what the president has called for. The president’s been very clear throughout this campaign. He has asked people over $250,000 to pay – go back to Clinton era rates on the amount of money above $250,000.”

Read more: http://www.wnd.com/2012/11/gop-to-be-blamed-for-plunging-off-fiscal-cliff/

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