Expert: Obama’s Fiscal Cliff Tax Rate Concession to $400K Earners a ‘Surprise’

Expert: Obama's Fiscal Cliff Tax Rate Concession to $400K Earners a 'Surprise'
Expert: Obama's Fiscal Cliff Tax Rate Concession to $400K Earners a 'Surprise'

President Obama said he and Speaker of the House John Boehner are close to finding a deal, but while Obama agreed to push the threshold for a tax rate hike to $400,000 per year, Boehner stopped at $1 million.

Host Carmen Russell-Sluchansky spoke with Dean Baker, co-director of the Center for Economic and Policy Research, to discuss the economic impact of the proposals.

 

About Carmen Munir Russell-Sluchansky 360 Articles
Carmen is a multimedia journalist based in Washington, DC whose work has appeared in a variety of outlets including National Geographic, NBC News, the BBC, Asia! Magazine, The China Post, Chicago Tribune and Orlando Sentinel.