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January 2nd, 2013
11:12 PM ET

Earmarks included in fiscal cliff deal

The VP of Taxpayers for Common Sense, Steve Ellis, discusses tax incentives in the fiscal cliff bill that cater to special interests.


Filed under: Congress • Fiscal Cliff • Taxes
January 2nd, 2013
11:10 PM ET

KTH: Fiscal cliff deal filled with pork

So what is really in the fiscal cliff legislation?

Of course, there are the widely-known sticking points the two sides have been haggling over for weeks: extensions of the income tax cuts for middle and low-income earners, the current estate tax rate, and the alternative minimum tax.

But there's also a provision on two- and three-wheeled electric vehicles, renewable energy, and rum.

The American Taxpayer Relief Act of 2012, which passed the Senate early Tuesday morning, is a vehicle for a number of regular year-end tax extenders.

Among the extensions is the excise tax carry-over on rum produced in Puerto Rico and the Virgin Islands. It's a federal tax of which most is paid back to the islands.

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Filed under: Congress • Fiscal Cliff • Keeping Them Honest • Taxes
January 2nd, 2013
01:23 AM ET

Norquist: Fiscal deal doesn't violate pledge

Americans for Tax Reform President Grover Norquist says technically lawmakers didn't violate their anti-tax pledge by voting in favor of the fiscal cliff deal, which increases tax cuts on households earning more than $450,000 annually.

He argues that because the Bush tax cuts expired the day before the vote, legislators were essentially cutting taxes by supporting the new bill that passed in the Senate and House on January 1.

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Filed under: Congress • Economy • Fiscal Cliff • Taxes
December 29th, 2012
02:00 AM ET

KTH: No deal days before fiscal cliff deadline

Three days before 2012 ends, the president and House and Senate leaders meet to negotiate on a last-minute agreement. They're scrambling to meet a deadline they created – we're Keeping Them Honest.

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Filed under: Congress • Economy • Fiscal Cliff • Keeping Them Honest • President Obama • Taxes
December 28th, 2012
01:15 AM ET

KTH: The making of the fiscal cliff problem

Keeping Them Honest, Democrats and Republicans vowed to work to get the fiscal house in order, but no progress has been made.

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Filed under: Congress • Economy • Fiscal Cliff • Keeping Them Honest • President Obama • Taxes
December 28th, 2012
01:12 AM ET

Why both sides want to go over the cliff

Ross Douthat and Charles Blow discuss what's motivating Democrats and Republicans in the stalled fiscal cliff talks.

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Filed under: Congress • Economy • Fiscal Cliff • President Obama • Raw Politics • Taxes
December 27th, 2012
10:51 PM ET

Obama, congressional leaders to discuss impending fiscal cliff

President Barack Obama and congressional leaders will discuss the looming fiscal cliff impasse Friday at the White House, aiming for a last-minute deal to stave off automatic tax increases and spending cuts.

The 3 p.m. meeting - which will include Obama, Vice President Joe Biden, House Speaker John Boeher, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell - will come days before the deadline to reach a deal, and after another day of Republicans and Democrats blaming each other for the stalemate.

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Filed under: Congress • Dana Bash • Fiscal Cliff • Jessica Yellin • President Obama
December 27th, 2012
12:35 AM ET

Fiscal deadline: Ball in Senate's Court

Dana Bash says her sources say odds of a fiscal cliff dive remain high, while some say a last-minute bill could pass.

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Filed under: Congress • Fiscal Cliff • Randi Kaye
December 6th, 2012
01:19 AM ET

Signs of progress in fiscal cliff battle

President Obama and House Speaker John Boehner talk for the first time in a week, edging closer towards a deal.

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Filed under: Dana Bash • David Gergen • Fiscal Cliff • Jessica Yellin
December 6th, 2012
01:17 AM ET

Lessons on how Congress can compromise

Former Senator Trent Lott's fiscal cliff negotiation advice: Quit talking at each other, sit down, and talk with each other.  His recommendation to Congress and the President is to..."quit campaigning, quit having press conferences, sit down at a round table and negotiate a deal."
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Filed under: Fiscal Cliff • Trent Lott
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