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GOP issues a new ‘fiscal cliff’ offer to Obama

December 4, 2012 • National News


In this Nov. 30, 2012, photo provided by CBS News Treasury Secretary Timothy Geithner answers questions about averting the “fiscal cliff” on an episode of “Face the Nation” on Sunday, Dec. 2, 2012 Geithner said Republicans have to stop using fuzzy “political math” and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then specify the spending cuts they want. (AP Photo/CBS News, Chris Usher)

WASHINGTON (AP) — House Republicans put forth a $2.2 trillion “fiscal cliff” counteroffer to President Barack Obama on Monday, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue — but not raising rates for the wealthy.

The White House declared the Republicans still weren’t ready to “get serious” and again vowed tax rate increases will be in Login to read more

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