KGO ABC7 News 400PM January 1, 2013
Priority. The president said the deal being worked outwqjx between the Senate Republican leader mcconnell and Vice President will extend current tax rates for households making up to 450,000 per year, increasing estate tax rate from 35 to 40 , and extend Unemployment Benefits one year. Sticking spoint how long to push off massive mandatory spending cuts to the pentagon and Domestic Program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. The president issued this warning about cuts only strategy. If they think that is going to be the f...