Member Center

National News

GOP 'Fiscal Cliff' Plan Echoes Failed Budget Talks

Posted: Dec 4, 2012 8:06 AM

WASHINGTON (AP) - Republicans are proposing a "fiscal cliff" plan that revives ideas from failed budget talks with President Barack Obama last year, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue.

The counter to a White House plan last week relies more on politically sensitive spending cuts and would raise half the $1.6 trillion in revenue proposed by Obama over the coming decade.

The 10-year, $2.2 trillion proposal from House Speaker John Boehner, R-Ohio, resembles a framework similar to what Boehner supported last year, but Obama is pressing for additional tax increases and appears to be balking at spending cuts discussed in those talks and since.

Comments

Submit News

Do you have a tip, information about a breaking news story, or a story idea for 6 Investigates? Contact the KRIS 6 News Desk at 361-884-6666 or send us an email.

KRISTV.COM is Social!

Click the icons above to receive News, Weather, and Sports alerts from KRISTV.COM!

Inside KRISTV.COM

	Photo Central Look at photos and videos and share them!
	Desktop Weather Current forecast, hurricane info, and much more!
	KRISTV.COM Mobile Website Get KRISTV.com on your mobile or PDA!
	KRISTV.COM Mobile Apps Get our mobile apps on your mobile or PDA!
	Texas Lottery See the latest winning numbers!
	6 News Team Read about your favorite KRIS-TV personalities!
	FCC Online Public File FCC Public File of Records, Reports, and more