Page 36 - John Avalon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Outfront next, over the cliff. Thats where Senate Majority leader harry reid says were headed. Can washington save us with just five days to go . Plus, a proposal to give guns to School Principals is gaining support. Were outfront with an arizona sheriff whos backing that plan. And the 2012 election was all about viral videos, tonight were counting down our favorite political video of the year. Lets go outfront. Im john avalon in for erin burnett. Outfront tonight, a stark warning from capitol hill. Senate majority leader harry reid says were all headed for fiscal disaster. If we go over the c...

It is 3 00 p. M. On the east coast, noon on the west coast. This is your money. Im ali velshi, were following breaking developments on the fiscal cliff. We welcome our viewers in the United States and around the world. There has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. Tell us what the main point of contention is now. There are few according to sources in both parties. The biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer ...

A cap on itemized deductions for married couples making more than 300,000. A one year extension on unemployment insurance. An increase in the estate tax from 35 to 40 and a 5 million exemption. And the alternative minimum tax would be permanently adjusted for inflation. There are still some big items that the bill doesnt address. There is no mention of the debt ceiling. The government 16. 4 trillion Borrowing Limit which was reached yesterday and the bill kicks the can for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. Joining me now is Congression...

That does it for us. Ali velshi takes over our coverage next. Xx breaking news, im ali velshi in for erin burnett. The house has passed the deal, largely on party lines. In the end house lawmakers agreed to vote on the bill exactly as written. Now, here is some of what is in that proposal. Tax rates stay the same for couples making less than 450,000. A cap on itemized deductions for married couples making more than 3d 300,000, a oneyear extension on unemployment insurance, anne crease in estate tax from 35 to 40 , and the alternative minimum tax would be permanently adjusted for inflation. The...

New line a cap on itemized deductions for married couples making more than 300,000. A one year extension on unemployment insurance. And increase in the estate tax from 35 to 40 and a 5 million exemption. And the alternative minimum tax would be permanently adjusted for inflation. There are still some big items that the bill doesnt address. There is no mention of the debt ceiling. The government 16. 4 trillion Borrowing Limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. Joining me now is Con...