It will be a battle. Obama's proposal for cliff:tax and fee incr

$1.6 trillion in tax increases up front, $50 billion in additional stimulus spending, permanent increase in the federal debt ceiling, a one-year expansion of jobless benefits, and an extension of the payroll tax credit. curbing health-care programs by $400 billion over the coming decade and modest cuts from non-health programs like farm subsidies and cutting Postal Service costs and through higher fees on airline tickets

http://finance.yahoo.com/news/obamas-fiscal-cliff-proposal-1-125116262.html

 

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