Business

Rough start for fiscal cliff talks

Business
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Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

Politico – The opening round of negotiations this week between White House and senior GOP congressional staffers left both sides pessimistic about their ability to reach a quick deal on averting the fiscal cliff, according to sources familiar with the talks.

Hill Democrats say Republicans aren’t serious about crafting a deal that President Barack Obama can accept. The GOP’s opening offer, the sources said, would freeze the Bush-era tax rates, change the inflation calculator for entitlement programs, keep the estate tax at 2012 levels and authorize a major overhaul of the Tax Code — although they did not provide a revenue target.

The behind-the-scenes clash in negotiations stands in contrast to the more conciliatory rhetoric both sides have used in public statements, casting doubt on the coming four weeks of talks before Christmas.

In addition to wanting to keep the Bush tax rates, Republicans also want to postpone the sequester, or tens of billions of dollars in automatic spending cuts for the Pentagon and domestic programs set to kick in on Jan. 2.

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