House Speaker John Boehner of Ohio pauses during a news conference on Capitol Hill in Washington on Friday to discuss the pending fiscal cliff. Boehner said there's been no progress in negotiations on how to avoid the fiscal cliff of tax hikes and spending cuts and called on President Barack Obama to come up with a new offer.
House Speaker John Boehner of Ohio pauses during a news conference on Capitol Hill in Washington on Friday to discuss the pending fiscal cliff. Boehner said there's been no progress in negotiations on how to avoid the fiscal cliff of tax hikes and spending cuts and called on President Barack Obama to come up with a new offer.
Photo by Associated Press /Chattanooga Times Free Press .
published Friday, December 7th, 2012
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WASHINGTON — In the fiscal cliff wars, a pivotal battle is raging between Democrats demanding to raise revenue by boosting tax rates on the nation’s highest earners and Republicans insisting on eliminating deductions and other tax breaks instead. Which is better for the economy? Analysts say it depends.

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