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Although the tax agreement preventing the fiscal cliff has passed in both the House and Senate, Kentucky congressmen remain divided on the issue. In the…
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From NPR: There are actually reasons to love the fiscal cliff. For one, it allows Congress to sell a tax increase as a tax cut. Want an explanation? Find…
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U.S. Senate Majority Leader Harry Reid has said that Congress is on track to have no deal before the Dec. 31 deadline for the "fiscal cliff." One key to the negotiations is the brokering abilities of Kentucky Sen. Mitch McConnell, the minority leader. A recent New York Times story notes this: Lawmakers from both parties say Mr. McConnell could be the key to a resolution. He has played the role of adjudicator for Congressional Republicans before, during last year’s fight over a payroll tax extension and the battle between Democrats and Republicans over how, or if, to pay for an emergency disaster financing bill. Yet the same Times story suggests that McConnell may stay out of the brokering because he's up for re-election in 2014 and wants to avoid a primary challenge. McConnell may prefer to let President Obama and House Speaker John Boehner resolve the looming "fiscal cliff" matter instead of inciting Republican elements which are opposed to the compromises with Democrats that any deal would include, writes The Times' Jonathan Weisman and Jennifer Steinhauer. Salon's Steve Kornaki picked up on this same point, noting the Tea Party's past effect on Kentucky elections. The problem, of course, is that the Tea Party’s power resides in Republican primaries, where conservative purists wreaked considerable havoc in the past two election cycles. This included, famously, McConnell’s home state of Kentucky, where the minority leader’s protégé was crushed in a 2010 GOP Senate primary by Rand Paul. McConnell has taken steps that would cover that flank. His campaign manager, Jesse Benton, has the Tea Party bona fides of having worked on campaigns for Rand Paul and Ron Paul.
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Kentucky’s junior U.S. Senator Rand Paul says he’d prefer to keep tax rates the same, but he’d vote for a partial increase to avert the fiscal cliff. The…
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Kentucky U. S. Senator Rand Paul says he expects any deal made to avoid the so-called Fiscal Cliff will include tax increases on the top 2 percent. The…
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From NPR: Tax experts say the upcoming fiscal cliff is really more like a pot of water getting ready to boil. The country won’t jump to its doom Jan. 1,…
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If the Army’s 101st Airborne Division Commander knows what impact the upcoming “fiscal cliff” will have on the unit, he’s not saying. Major General James…
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A tax expert is warning state officials that Tennessee would be among the hardest-hit states if federal officials don't resolve the so-called fiscal…
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Sixth District Congressman-Elect Andy Barr says he'll get serious when it comes to cutting spending as Congress deals with the so-called "fiscal cliff."…
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From NPR: With the election over, attention in Washington has turned to the nation's debt and deficit challenges — most immediately the looming fiscal…