Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
The Fiscal Cliff and Obama's Grand Bargain (Part 2)
Posted
November 10, 2012
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39,001
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November 10, 2012
39,001
1,015
401
3.63%
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10:27Now Playing"Congress faces a January deadline, dubbed the "fiscal cliff," when taxpayers could be hit with thousands of dollars in tax increases and nearly a trillion in federal spending cuts.
Flanked by supporters in the East Room, the president said Congress could end economic uncertainty "right now" by simply extending Bush-era tax cuts for middle class families.
"That one step would give millions of families, 98 percent of Americans and 97 percent of small businesses, the certainty that they need going into the new year," Obama said. "It would immediately take a huge chunk of the economic uncertainty off the table and that would lead to new jobs and faster growth."
Obama's comments were in sharp contrast to remarks made by Boehner just two hours earlier.
Boehner suggested that all of the Bush tax cuts, including for top tier tax payers, be extended past the January deadline to give the White House and Congress more time to address the country's long term debt and entitlement issues next year."*
Cenk Uygur, Michael Shure (Political correspondent, TYT and Current TV), and John Iadarola (TYT University) break down what they think will happen in light of Democrats doing better than they expected to do in the elections, as well as advantages Obama now holds. Will he use them?
*Read more from Abby D Phillip/ ABC News:
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