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Boehner presents Obama with 'fiscal cliff' counter-offer
House Republicans have presented President Barack Obama with a counter-offer on how to resolve the so-called fiscal cliff relying on tax reform instead of rate increases to raise new revenue, The Business Journals reported.
The plan calls for generating $800 billion in revenue by broadening the tax base and eliminating various deductions. It also suggests looking at the $1.2 billion in entitlement reforms and spending cuts proposed last year by Erskine Bowles, a Democrat who co-chaired a deficit…
IN FOCUS TODAY
Friday, May 17, 2013 - 4:41am
More than 17,000 Baltimore students miss 20 or more days of school a year. Many of these...
Friday, May 17, 2013 - 4:37am
WYPR's Fraser Smith and Karen Hosler talk about changes to the horse racing industry in Maryland...
Thursday, May 16, 2013 - 7:00am
Attorney General Doug Gansler may run for governor in 2014, but he's moving toward a decision...