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‘Fiscal cliff’ talks at a stalemate over tax hikes

Publié par Clifford Armion le 12/03/2012

Zachary A. Goldfarb

As the White House and Republican leaders enter the final month of negotiations to avoid a year-end “fiscal cliff,” both sides struck an uncompromising tone Sunday, as warnings mounted that they will be unable to forge an agreement to stop an automatic series of deep spending cuts and large tax hikes that could push the economy into recession.
Following private meetings last week, the senior negotiators for the White House and the Republicans took to the airwaves Sunday to accuse the other side of intransigence and to demand that the opposition concede on the central question of how much to raise taxes on the wealthy.
“Right now, I would say we’re nowhere, period. We’re nowhere,” House Speaker John A. Boehner (R-Ohio) said on “Fox News Sunday.” Boehner added that the Republicans have offered a way to break the stalemate — by compromising on an overhaul of the tax code that would limit deductions that disproportionately benefit the rich.
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"‘Fiscal cliff’ talks at a stalemate over tax hikes", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2012. Consulté le 19/04/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/fiscal-cliff-talks-at-a-stalemate-over-tax-hikes