fiscal cliff http://wfpl.org en How the 'Fiscal Cliff' Helped Lead to Kentucky's $91-Million Budget Shortfall http://wfpl.org/post/how-fiscal-cliff-helped-lead-kentuckys-91-million-budget-shortfall <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A driving factor in&nbsp;<span style="line-height: 1.5;">Kentucky's $91-million budget shortfall</span><span style="line-height: 1.5;">&nbsp;is a decline in a form of income primarily used by the nation’s wealthiest individuals.</span></p><p>In 2012, the U.S. Congress was preparing to take the country over the<a href="/term/fiscal-cliff"> “fiscal cliff”</a> because of rising debt, rising healthcare costs and spending on the wars in Iraq and Afghanistan.</p> Fri, 11 Jul 2014 10:44:47 +0000 Jonathan Meador 9747 at http://wfpl.org How the 'Fiscal Cliff' Helped Lead to Kentucky's $91-Million Budget Shortfall President Obama to Discuss Spending Cuts, Tax Reform; WFPL to Carry Special Coverage http://wfpl.org/post/president-obama-discuss-spending-cuts-tax-reform-wfpl-carry-special-coverage <p>President Obama will hold a news conference Tuesday to discuss fiscal matters. WFPL will carry NPR's live special coverage &nbsp;starting at 1 p.m.</p><p><a href="/post/obama-call-small-package-cuts-tax-changes-head-sequester">NPR says:</a></p> Tue, 05 Feb 2013 17:50:27 +0000 Joseph Lord 3815 at http://wfpl.org President Obama to Discuss Spending Cuts, Tax Reform; WFPL to Carry Special Coverage Conservative Group Targets Senator Mitch McConnell in Online Ads http://wfpl.org/post/conservative-group-targets-senator-mitch-mcconnell-online-ads <p>A conservative group is attacking Senate Republican Leader Mitch McConnell over the fiscal cliff deal in a series of online advertisements in Kentucky that questions his loyalty to the GOP.</p><p>The ads were purchased by the <a href="http://www.foramerica.org/about/">Virginia-based group For America</a> and began running Wednesday on the The Daily Caller, Drudge Report and Fox News websites, as well as on Facebook. It accuses McConnell of capitulating to President Obama and calls for conservatives to stand up to the party leader.</p><p>Brent Bozell is founder and chairman of For America. He says McConnell was the architect of a bad deal and that is playing "President Obama’s bag man."</p><p>"There comes a point where as a conservative you just say you’ve had it. This was a quintessential tax and spend piece of legislation," he says. "Conservatives have for decades labeled Democrats the party of tax and spend. How can you not label Republicans the same thing when they go along with it?"</p><p>McConnell fashioned the agreement with Vice President Joe Biden, which permanently extended the Bush-era tax rates for individuals making less than $400,000 and was praised by many conservative thinkers.</p><p>However, the deal delayed government spending cuts for another two months.</p><p> Wed, 09 Jan 2013 18:00:29 +0000 Phillip M. Bailey 3330 at http://wfpl.org Conservative Group Targets Senator Mitch McConnell in Online Ads Legislative Preview; Sugar Bowl Victory; 'Insourcing' at GE: Today on Byline http://wfpl.org/post/legislative-preview-sugar-bowl-victory-insourcing-ge-today-byline <p></p><p><strong>1:06 -</strong>&nbsp;WFPL and KPR's Kenny Colston&nbsp;tells us what we can expect from the upcoming legislative session in Kentucky, and Joseph Lord looks back at this week's Sugar Bowl victory by the University of Louisville.</p><p><strong>1:16 - </strong>Andrea Seabrook and&nbsp;<a href="http://www.decodedc.com/">DecodeDC</a> explore the interplay of politics and the media, and how press coverage can feed into the negative, partisan bickering in Washington. Case in point: The Fiscal Cliff.</p> Sat, 05 Jan 2013 02:17:20 +0000 Laura Ellis 3272 at http://wfpl.org Legislative Preview; Sugar Bowl Victory; 'Insourcing' at GE: Today on Byline Senate GOP Leader Mitch McConnell Goes for Hat Trick With Sunday Political Talk Shows http://wfpl.org/post/senate-gop-leader-mitch-mcconnell-goes-hat-trick-sunday-political-talk-shows <p>In the wake of helping to avert the fiscal cliff, Senate Republican Leader Mitch McConnell of Kentucky is making the rounds on three of the top Sunday political talk shows this weekend.</p><p>The GOP leader will be on ABC’s "This Week with George Stephanopolous," CBS’s “Face the Nation,” and NBC’s “Meet the Press.” He is expected to discuss the agreement he made with Vice President Joe Biden, which passed both chambers of Congress earlier this week.</p> Fri, 04 Jan 2013 23:00:00 +0000 Phillip M. Bailey 3270 at http://wfpl.org Senate GOP Leader Mitch McConnell Goes for Hat Trick With Sunday Political Talk Shows House Approves 'Fiscal Cliff' Legislation http://wfpl.org/post/house-approves-fiscal-cliff-legislation The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.<p>The bill now goes to President Obama, who is expected to sign it into law.<p>NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:<p><blockquote><p>"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. Tue, 01 Jan 2013 21:55:20 +0000 Bill Chappell 3217 at http://wfpl.org House Approves 'Fiscal Cliff' Legislation Mitch McConnell on Fiscal Cliff: 'We Are Very, Very Close' http://wfpl.org/post/mitch-mcconnell-fiscal-cliff-we-are-very-very-close <p></p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">WASHINGTON — Senate Minority Leader Mitch McConnell says he and the White House have agreed on preventing tax hikes that the "fiscal cliff" will trigger after midnight. And he says they are very close to an overall deal that would also prevent budget-wide spending cuts.</p> Mon, 31 Dec 2012 20:09:24 +0000 Staff & Associated Press 3211 at http://wfpl.org Mitch McConnell on Fiscal Cliff: 'We Are Very, Very Close' Sources: 'Fiscal Cliff' Deal Emerging http://wfpl.org/post/sources-fiscal-cliff-deal-emerging <p></p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">WASHINGTON — The contours of a deal to avert the 'fiscal cliff' are emerging that would raise tax rates on couples making over $450,000 a year, raise the estate tax rate and extend unemployment benefits for one year.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">That's according to officials familiar with the negotiations.</p> Mon, 31 Dec 2012 17:31:34 +0000 Associated Press 3204 at http://wfpl.org Sources: 'Fiscal Cliff' Deal Emerging What A Former FBI Hostage Negotiator Can Teach Us About The Fiscal Cliff http://wfpl.org/post/what-former-fbi-hostage-negotiator-can-teach-us-about-fiscal-cliff The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game.<p>To shed some light on the kinds of negotiation techniques that members of Congress might be using during the talks, we asked two negotiators to walk us through their tactics with examples from their everyday lives.<p><a href="http://www4.gsb.columbia.edu/cbs-directory/detail/7516245/Adam+Galinsky">Adam Galinsky</a> teaches negotiation at Columbia University's business school. He was recently at an airport in North Carolina, waiting to fly home. Sun, 30 Dec 2012 17:44:45 +0000 David Kestenbaum 3192 at http://wfpl.org What A Former FBI Hostage Negotiator Can Teach Us About The Fiscal Cliff Occupy Louisville, Justice Resource Center Rally Against Domestic Spending Cuts http://wfpl.org/post/occupy-louisville-justice-resource-center-rally-against-domestic-spending-cuts <p>Occupy Louisville and the Justice Resource Center are holding a demonstration at Senate Republican Leader Mitch McConnell's office to protest against any domestic spending cuts as part of the fiscal cliff negotiations.</p><p>The negotiations in Washington to avoid the $607 billion combination of automatic spending cuts and tax increases continue with the end of the year deadline approaching.</p><p>This week the White House threatened to veto Speak John Boehner’s "plan B," which includes raising tax rates on Americans making over $1 million annually. House Republicans argue their plan avoids tax hikes on most income earners, but the Obama administration says it doesn't raise enough revenue and burdens the middle-class.</p><p>Ike Thacker is an Occupy Louisville spokesman. He says the groups oppose any cuts to social programs that help the poor and would prefer cuts to the defense department.</p><p>"The things that need to be cut are not social programs. We spend in the neighborhood of $20 to $30 billion on welfare and around $70 billion on food stamps, which means roughly speaking $100 billion. While we spend well over $1 trillion every year in one form or another on our military," he says. "If we want to go where the spending is to do the spending cuts it does not need to be in social programs, but in the military."</p><p> Wed, 19 Dec 2012 18:00:00 +0000 Phillip M. Bailey 3045 at http://wfpl.org