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Health Care Reform (2009)
Most households will pay thousands of dollars more in taxes if politicians can't compromise
Most households will pay thousands of dollars more in taxes if politicians can't compromise

President Barack Obama signaled on election night that he's willing to work with leaders in both parties on deficit reduction and tax reform. And House Speaker John A. Boehner said a day later that Republicans were open to new revenue. Is compromise possible? It's definitely needed. The country is headed for the so-called fiscal cliff because of steep spending cuts that automatically kick in next year on top of huge tax increases from the expiration of the Bush-era tax cuts next month. Without an agreement to pull the country back from the edge, the economy is expected to fall back into a recession. Nearly all taxpayers face a personal fiscal cliff next year if no deal is...

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