National & World News

Tax talks hit serious setback as GOP seeks Social Security cut

chamberWASHINGTON — Talks over preventing the New Year’s tax hike on all but the wealthiest Americans hit a major setback Sunday when Republicans demanded — and Democrats rejected — a move to trim cost-of-living increases for Social Security recipients.

Negotiations continue, but the offer presented by aides to Republican Senate Minority Leader Mitch McConnell (R-Ky.), was swiftly rejected by Senate Majority Leader Harry Reid (D-Nev.)

It comes as lawmakers convene for a rare Sunday session of Congress, and McConnell said he telephoned Vice President Joe Biden to help broker a compromise.

For more on this LA Times story, click here.

 

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3 Comments to “Tax talks hit serious setback as GOP seeks Social Security cut”

    Citizen98107 said:
    December 30, 2012 at 5:08 PM

    The members of Congress should try cutting their own benefits first. Lazy jerks.

      Joe said:
      December 30, 2012 at 9:10 PM

      did ya hear the bastards get a raise next year, thanks to obama. but sure as hell screw us next year… what will it take for a full scale revolt against this broken system?

    Citizen98107 said:
    December 31, 2012 at 8:15 AM

    The Republican obstructionists are the problem. Has the GOP ever done anything for the average American –hell no! Bush/Cheney sent the world into the worst recession since 1930.

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