At the start of the final month before the nation reaches the fiscal cliff, Republicans and Democrats remain deadlocked over the question of whether to raise taxes on the rich. Both sides were confrontational on Sunday political talk shows. House Speaker John Boehner said Republicans had offered a way to reach a compromise to reduce the deficit and avoid damaging automatic tax hikes and spending cuts at year's end — raising revenue by eliminating deductions that overwhelmingly benefit the wealthy. Treasury Secretary Timothy Geithner rejected that idea, saying that the GOP has to accept a deal that makes the wealthy pay higher tax rates. "There's no path to an agreement that does not involve Republicans acknowledging that rates have to go up on the wealthiest Americans," Geithner said on NBC's Meet the Press.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- China's leader is telling the People's Liberation Army to prepare for war
- How to save money: 12 great personal finance tips
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- How I lost all my money
- The best books we read in 2014
- 43 TV shows to watch in 2014
- Why Pakistan won't hunt down the terrorists within its borders
- The religious right isn't retreating — it's reforming
- How academia's liberal bias is killing social science
- How to be the most productive person in your office — and still get home by 5:30 p.m.
Subscribe to the Week