Regional lawmakers discuss 'fiscal cliff' deal
U.S. Rep. Randy Hultgren wants cuts in spending to be a part of any deal that comes out of the “fiscal cliff” negotiations between the White House and congressional leaders.
An agreement that emerged Monday between the White House and Senate Minority Leader Mitch McConnell would raise taxes by about $600 billion over 10 years. The plan also did not address how spending cuts to the Pentagon and numerous domestic agencies would be averted.
While the deadline to prevent tax increases and spending cuts was technically midnight, passage of legislation by the time a new Congress takes office at noon Thursday – the likely timetable – would eliminate or minimize any inconvenience for taxpayers.
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