'Cliff' Talks: White House Waiting on GOP Move

By: AP Email
By: AP Email

WASHINGTON (AP) - Treasury Secretary Tim Geithner says Republicans need to make the next move in negotiations to head off the tax hikes and spending cuts known as the "fiscal cliff."

In interviews with the Sunday morning TV talk shows, Geithner says GOP leaders have to stop using "political math" and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then specify the spending cuts they want.

House Speaker John Boehner says Republicans have a plan that will provide as much as $800 billion in new government revenue over the next decade and would consider the elimination of tax deductions on high-income earners. But when pressed for details on "Fox News Sunday," the Ohio Republican would only say there are "a lot of options in terms of how to get there."

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 181765051 - kolotv.com/a?a=181765051
Gray Television, Inc.