Democrats threaten to push America over 'fiscal cliff' in absence of tax increases
ABC News - ‎July 16, 2012
Sen. Patty Murray (D-Wash.) on Monday announced that Democrats are willing to allow a slew of tax cuts and spending provisions to expire if Republicans refuse to raise taxes on the wealthy, potentially inching the country off a "fiscal cliff.
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Murray's threat, first reported Sunday by the Washington Post, has drawn fierce blowback from Republican leaders who argue--with the backing of economists-- that Democrats appear willing to risk a recession to win a battle over taxes for the wealthy.
"In their near-fanatical crusade to inflict even more pain on American businesses, Democrats are now openly admitting that they plan to wait until this debate reaches full throttle and Americans are panicked about the outcome to do anything, because they think it will make it likelier they'll get their way," Senate Minority Leader Mitch McConnell (R-Ky.) said on the Senate floor Monday, adding that the current fight amounts to a political ploy.
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House Speaker John Boehner (R-Ohio) expressed similar criticism, asking in a statement Monday: "Has it come to this, that Democrats are willing to hurt jobs and tank our economy for the sake of a small business tax hike that would also have disastrous consequences?"
More: http://abcnews.go.com/Politics/OTUS/democrats-threaten-push-america-fiscal-cliff-absence-tax/story?id=16788767
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