New Obama offer moves toward Boehner [View all]

[AnotherMcIntosh]

Last edited Fri Dec 21, 2012, 01:55 AM - Edit history (2)

From a Monday AP story which was posted on the home page of the news section for the San Francisco Chronicle on Thursday, December 20, 2012:

"WASHINGTON (AP) — President Barack Obama has agreed to curtail future cost-of-living increases for recipients of Social Security and softened his demand for higher taxes at upper income levels, narrowing differences with House Speaker John Boehner in "fiscal cliff" talks, people familiar with the talks said Monday.
...
"Obama's willingness to reduce future cost-of-living increases in Social Security, government retirement and numerous other programs marked another clear concession to Boehner, although it came with an asterisk. The president wants lower-income recipients to receive protection against any loss from scaling back future cost-of-living increases, these officials said.
...
"The new offer that was given to Boehner at the White House closed the gap between the two men considerably on a framework for a deal.
...
"Earlier, at the White House, spokesman Jay Carney sidestepped when asked about curbing cost-of-living increases for benefit programs. The president "is prepared to make tough choices. ..."

http://www.sfgate.com/news/politics/article/AP-sources-New-Obama-offer-moves-toward-Boehner-4122556.php