Monday, December 31, 2012

HOT: Congress Will Miss Fiscal Cliff Deadline After House Punts On Vote

Developing...

UPDATE 1:

HuffPo reports:

The United States government will miss the end of the year deadline to resolve the so-called fiscal cliff, House Republicans conceded on Monday afternoon.

The House of Representatives will adjourn December 31 without voting on a bill to delay the impending tax hikes and spending cuts that will take start to take place tomorrow. Majority Whip Kevin McCarthy (R-California), the party's whip, sent the following update to members on Monday afternoon.

Good afternoon. Thanks for your patience. Here's the latest on the Floor schedule:
There will be a Special GOP Conference Meeting at 5:00 p.m. in HC-5. Immediately following Conference tonight, roughly 5:30-6:00 p.m. we will have our first and only vote series of the day on suspensions.

Walk off the Floor: 6:00-6:30 p.m.

UPDATE 2:

The December 31 deadline is a soft deadline and will mean very little as far as a final outcome. A deal will be struck in Q1 2013 that will reverse most of the cliff kick-ins.

Bottom line: More useless drama. Your taxes will ultimately be higher, whatever the deal.

UPDATE 3:

House Members also advised by Whip's office to "stay close to the Capitol tonight should any additional votes arise."

UPDATE 4:

A Boehner aide says no legislative difference between voting on Cliff measure at 3AM tonight or midday tomorrow.

6 comments:

  1. My heart was in my throat.

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  2. So does this mean they are doing nothing about the amt?

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  3. The sleazebags need one more night in 2012 to cheat on their wives...

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    Replies
    1. Their wives most certainly do care. They're glad.

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    2. You guys have me rolling...

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