President Obama stands in firm belief that must raise tax rates on the wealthiest Americans, and even the Republicans in Congress are not sure what to make concessions in an attempt to avoid the so-called "Hades" promised that the tax increases and spending cuts kick in automatically if no agreement is reached. There is less than a month to go before the cliff to kick in, and in the process of making his case, the President presented the idea that he was willing to discuss a reduction in tax rates for the year 2013 as part of a larger attempt to revamp the u.s. tax code.
It seems the Democrats largely on intentions to ensure that spending on mega-benefits schemes unsustainable in the long-continued unabated, while also insisting on the imposition of higher taxes on a small part of the population to pay for wasteful spending and waste. It's just the concept of Defense, since most of the country will not be adversely affected.
On the Republican side, it seems as if there is some disagreement, some GOP members argue that a tax increase would be OK in some cases, while others are standing firm against this move. In the Senate, minority leader Mitch McConnell specifically does not return a plan by fellow Republican John Boehner in the House of representatives. McConnell noted that, "I think it is important that the Republican leadership in the House had tried to move the process forward." it remains to be seen which side will defeat in the face, but at the end of the day you can bet that the United States will still be spending way too much money on a wide range of programmes of extravagance.
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