WASHINGTON DC -- You're hearing about it on an almost daily basis, the so called fiscal cliff that America is headed toward. Right now, as of January 1st, 2013, automatic tax hikes and spending cuts will go into effect.
Wednesday, Speaker of the House John Boehner said in a press conference that Republicans are ready to cut a deal to avoid the fiscal cliff. Speaker Boehner says Republicans would prefer to close tax loopholes to raising tax rates on upper income earners. He also added that he wants Democrats to specify how they would cut spending.
''I'm optimistic that we can continue to work together to avert this crisis sooner rather than later.'', Speaker Boehner added during the event today.
Another aspect of the fiscal cliff that many here in the Miami Valley are watching closely, sequestration, which would force deep spending cuts, especially for defense.
Wednesday, Speaker of the House John Boehner said in a press conference that Republicans are ready to cut a deal to avoid the fiscal cliff. Speaker Boehner says Republicans would prefer to close tax loopholes to raising tax rates on upper income earners. He also added that he wants Democrats to specify how they would cut spending.
''I'm optimistic that we can continue to work together to avert this crisis sooner rather than later.'', Speaker Boehner added during the event today.
Another aspect of the fiscal cliff that many here in the Miami Valley are watching closely, sequestration, which would force deep spending cuts, especially for defense.
