fiscal cliff

Politics
5:22 pm
Fri December 7, 2012

Mitch McConnell: President Obama is Asking for Too Much in Fiscal Cliff Negotiations

U.S. Sen. Mitch McConnell
Credit File photo

U.S. Sen. Mitch McConnell said he hopes a deal can be reached to avoid the fiscal cliff,  but so far the talks have not gone well.

McConnell said President Barack Obama is asking for a new stimulus package -- the unlimited ability to raise the debt ceiling and more than $1 trillion in new tax revenues.

(The New York Times recently published a handy graphic outlining where the sides stand.)

And those proposals are not something Republicans want to concede, McConnell said.

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Politics
4:28 pm
Wed December 5, 2012

Kentucky Social Justice Groups Join White House to Avoid Fiscal Cliff

A delegation of activists representing several social justice groups in Kentucky visited the White House on Wednesday for a meeting on how to avoid the fiscal cliff.

The discussion was hosted by President Obama’s director of public engagement, and was organized to build support for his plan that includes raising taxes on the wealthy. Leaders from the Louisville NAACP, Fairness Campaign and Planned Parenthood of Kentucky attended the session, along with a delegation from Tennessee.

ACLU of Kentucky Executive Director Michael Aldridge also attended the meeting. He says going over the fiscal cliff will not only hurt the economy, but would set back civil liberties issues as well.

"When Congress is preoccupied with having to tend these budgetary concerns they’re not taking up a lot of civil liberties issues that we would like them to be focusing on such as immigration reform, which the Obama administration has stressed they’re going to be taking up in the second term," he says. "They’re not going to be able to move forward until they get their fiscal house in order."

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Politics
11:04 am
Thu November 29, 2012

McConnell to Obama: Remember, You Lost Kentucky

Senate Minority Leader Mitch McConnell
Credit File photo

Leading up to the fiscal cliff negotiations, Senate Republican Leader Mitch McConnell reportedly reminded President Obama about his 24-point thumping in Kentucky in a private phone call.

The conversation typifies the icy relationship between McConnell and the president—the two have rarely met, spoken or been seen in public together.

As Politico reports, the GOP leader was warning Mr. Obama early to cool on the campaigning if he wants to make progress with lawmakers.

From Politico:

Don Stewart, McConnell’s chief spokesman, said McConnell’s comments to Obama “were in the context of trying to find a solution” to the budget crisis. The GOP leader told the president that continuing to engage in a public-relations blitz against Republicans “could have the opposite effect of what he was trying to accomplish,” the spokesman said.

Stewart added: "This, by the way, is sound advice."

The White House declined to comment.

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Politics
10:09 am
Thu November 29, 2012

Yarmuth: Congress Can Provide Middle-Class With Certainty Now

Speaking on the House floor Wednesday, Democratic Congressman John Yarmuth says lawmakers can provide certainty during the fiscal cliff negotiations by extending the Bush era tax cuts to middle-class Americans.

Yarmuth mentioned Republican Congressman Tom Cole of Oklahoma as an example of finding bipartisan cooperationg. Cole has been in the news this week for breaking with his party leaders and advocating the GOP should make a deal with Democrats to raise taxes on the wealthiest two percent.

Check Yarmuth's floor speech:

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Local News
4:04 pm
Tue September 25, 2012

Fischer, Other Mayors Push Congress for Action on Fiscal Cliff

Spending Cuts
The Committee For A Responsible Federal Budget Lam Thuy Vo / NPR

Louisville Mayor Greg Fischer is among several municipal leaders from across the country pushing Congress to act now to address the upcoming fiscal cliff.

Several measures will take effect or expire at the end of the year, and if Congress doesn't act, $100 billion in spending cuts and $380 billion in tax increases will hit simultaneously. The U.S. Conference of Mayors, of which Fischer is a member, has sent congressional leadership a letter urging them to act.

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