Tax The Rich, Or Face The Cliff?

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Monday, December 3, 2012 - 4:47pm

The White House continues to push for tax increases on the wealthy as Fiscal Cliff negotiations continue.

Republicans have proposed raising the eligibility age for Medicare and reducing cost of living increases in Social Security as part of a deal to avoid the fiscal cliff.

President Obama, meanwhile, is putting more public pressure on Republicans to cut a deal.

He's running a video on YouTube, a reminder of who won the election.

The president also took to Twitter to ask for support.

What if there's no deal?

Car and truck production and vehicle sales that are accelerating could crash, if middle class taxes rise warned Ford CEO Alan Mulally.

"The most important thing about this fiscal cliff is it could result in less discretionary income
 

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