Top US Democrat Reid: Republicans must move on tax rates

By REUTERS
December 6, 2012 19:32

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - The US Senate's top Democrat on Thursday said he would not consider other proposals to cut spending to resolve the year-end "fiscal cliff" until Republicans agree to raise tax rates on the wealthiest Americans.

"The president has tried to make clear, I've tried to make clear, until there's some movement on tax rates, I'm not talking about any other proposals," US Senate Majority Leader Harry Reid told a news conference. "Not about whether there'd be a cut here, a cut there."

The cliff comprises about $600 billion in automatic tax hikes and spending cuts that would begin to hit early in 2013. Republicans have offered some revenue gains only through tax reforms, but want US President Barack Obama to offer deeper spending cuts to government health care and retirement programs.

Related Content

Breaking news
August 18, 2018
Ukraine, Iran and human rights on agenda for talks with Putin - Merkel

By REUTERS