The Norman Transcript

Headlines

Discussion

December 3, 2012

‘Cliff’ talks: White House waiting on GOP move

The Associated Press Associated Press

WASHINGTON — Republicans have to stop using “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, Treasury Secretary Tim Geithner said in an interview that aired Sunday.

Just four weeks from the proverbial “fiscal cliff,” House Speaker John Boehner countered that Republicans have a plan for providing as much as $800 billion in new government revenue over the next decade and would consider the elimination of tax deductions on high-income earners. But when pressed on “Fox News Sunday” for precise details, the Ohio Republican declined to say.

There are “a lot of options in terms of how to get there,” Boehner said.

Both Boehner’s and Geithner’s latest remarks indicate it could be some time before serious negotiations begin between the White House and Republicans on how to avert economic calamity expected in less than a month when President George W. Bush-era tax cuts expire and automatic, across-the-board spending cuts kick in.

Last week, the White House delivered to Capitol Hill its opening plan: $1.6 trillion in higher taxes over a decade, hundreds of billions of dollars in new spending, a possible extension of the temporary Social Security payroll tax cut and enhancing the president’s power to raise the national debt limit.

In exchange, the president would back $600 billion in spending cuts, including $350 billion from Medicare and other health programs. But he also wants $200 billion in new spending for jobless benefits, public works projects and aid for struggling homeowners. His proposal for raising the ceiling on government borrowing would make it virtually impossible for Congress to block him.

Republicans said they responded in closed-door meetings with disbelief.

“I was just flabbergasted,” Boehner said. “I looked at him (Geithner) and I said, ‘You can’t be serious.”’ Boehner described negotiations as going “nowhere, period,” and said “there’s clearly a chance” the nation will go over the cliff.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

Text Only | Photo Reprints
Headlines
  • Severe Weather Plaza Towers teacher’s aide recounts twister

    When the tornado siren sounded at Plaza Towers Elementary in Moore on Monday afternoon, Maylene Sorrels had one reaction: protect her students....

    May 22, 2013 1 Photo

  • Tornado_Search_&_Rescue_1_BV Officials vow not to quit looking until everyone is found

    The tornado that killed 24 people and injured at least 100 others in the Moore and Oklahoma City area cut a17 mile long path that started in Newcastle and ended at Lake Stanley Draper. Nine of the dead are children....

    May 22, 2013 1 Photo

  • First victim identified

    MOORE — The first victim of Moore’s tornado was identified by family as 9-year-old Janae Hornsby, a Plaza Towers Elementary student, according to a local news station....

    May 22, 2013

  • P1013515 Norman church serves storm victims

    Journey Church was humming with activity Tuesday morning as hundreds of volunteers worked to organize donated goods for the victims of Monday’s tornado in Moore....

    May 22, 2013 2 Photos

  • 20130521_mooretornado4 Joplin pays it forward to Moore following Monday twister

    MOORE — Joplin is paying it forward. The day before the two-year anniversary of an EF-5 leveling one-third of Joplin, pastors from Ignite Church responded to Moore, where an EF-5 spent 40 minutes on the ground....

    May 22, 2013 1 Photo

  • 2 arrested for looting in damaged Moore

    Police arrested two men on looting complaints Tuesday after homeowners saw the men and alerted authorities, said Moore Police Department spokesman Jeremy Lewis....

    May 22, 2013

  • City awarded communities incentive grant

    The city of Norman was one of 21 cities recently awarded a Healthy Communities Incentive Grant from the Oklahoma Tobacco Settlement Endowment Trust....

    May 22, 2013

  • little axe 1 Little Axe seniors celebrate graduation

    Family, friends and faculty set aside grief and concern for Sunday’s and Monday’s tornado devastation Tuesday evening and celebrated the graduation of the Little Axe High School class of 2013....

    May 22, 2013 1 Photo

  • County crews will assess property damages

    The Cleveland County assessor expects that the number of homes destroyed by Monday’s tornado will exceed the total from the May 1999 tornado that devoured much Moore....

    May 22, 2013

  • Through the field of wreckage

    Again, it was Moore. For the third time in less than 15 years, residents of this city of about 60,000 must mourn their dead, help the living and pick up the pieces of shattered lives that now lay in a field of wreckage....

    May 22, 2013