Fiscal Cliff Debate Continues - KMPH FOX 26 | Central San Joaquin Valley News Source

Fiscal Cliff Debate Continues

Posted:

Washington continues to teeter on the edge of the so-called "fiscal cliff," as leaders fail to find a resolution.

House republicans will take action on the floor today. That includes voting on the speaker's so-called 'plan B' that would renew tax breaks for anyone making less than one million dollars a year.

"The president will have a decision to make," says House Republican Majority leader John Boehner, "He can call on the Senate Democrats to pass that bill or he can be responsible for the largest tax increase in American history."

The White House only wants tax breaks for those making less than $400,000 a year.

The president is also criticizing Boehner's plan for not addressing painful spending cuts or expiring unemployment insurance that would cause two million people to lose benefits.

"It actually means a tax increase for millions of working families across the country," says Obama, "at the same time as folks like me would be getting a tax break. That violates the core principles that were debated during the course of this election."

  • Local NewsLocal NewsMore>>

  • No Running Water At Fresno Apartment Complex

    No Running Water At Fresno Apartment Complex

    Dozens of apartments were without water for most of the morning in a southeast Fresno apartment.Fresno city leaders say the property owner owed the city more than $16,000 for unpaid water bills and penalties, so city crews were forced to turn it off.Resident Anthony Smith says, "You don't expect to be taken advantage of or to be treated as less than. That is what I see and feel this company has done to the people here."For years, the Air Force veteran has lived at the complex.Smith says he's...More >>
    Dozens of apartments were without water for most of the morning in a southeast Fresno apartment.Fresno city leaders say the property owner owed the city more than $16,000 for unpaid water bills and penalties, so city crews were forced to turn it off.Resident Anthony Smith says, "You don't expect to be taken advantage of or to be treated as less than. That is what I see and feel this company has done to the people here."For years, the Air Force veteran has lived at the complex.Smith says he's...More >>
  • Limousine Involved in Crash Near Reedley

    Limousine Involved in Crash Near Reedley

    The CHP, the Fresno County Sheriff's Department, and several ambulances are responding to a crash involving a limousine anda U-Haul truck near Reedley.The crash happened Tuesday night at the intersection of Englehartand Lincoln Avenues.It's unclear if anyone was hurt, but KMPH FOX 26 News does have a crew at the scene gathering details.We'll have the latest on Great Day, starting at 5:00 a.m.More >>
    The CHP, the Fresno County Sheriff's Department, and several ambulances are responding to a crash involving a limousine anda U-Haul truck near Reedley.The crash happened Tuesday night at the intersection of Englehartand Lincoln Avenues.It's unclear if anyone was hurt, but KMPH FOX 26 News does have a crew at the scene gathering details.We'll have the latest on Great Day, starting at 5:00 a.m.More >>
  • Thieves Steal Baseball Equipment From Special Needs Kids Team

    Thieves Steal Baseball Equipment From Special Needs Kids Team

    A special–needs softball league in Fresno might not be able to play this season. It's because thieves stole all of its equipment from a shed at Al Radka Park in Southeast Fresno.
    More >>
    A special–needs softball league in Fresno might not be able to play this season. It's because thieves stole all of its equipment from a shed at Al Radka Park in Southeast Fresno.

    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.