VIDEO: Roskam on Fiscal Cliff: Let's Find a Solution and Move Forward
U.S. Rep Peter Roskam (IL-06) talks about avoiding the fiscal cliff on CNBC.
U.S. Rep. Peter Roskam (IL-06) Friday appeared on CNBC's "Squawk on the Street" to discuss how to avoid the "fiscal cliff" in 2013. He said House Republicans want to cut spending and avert the cliff, and that the House has already acted on the issues by arguing to extend current rates for a year as a bridge to tax reform, according to a press release. Starting Jan. 2, about $600 billion in tax increases and spending reductions would begin if Congress does not agree on how to implement less extreme measures, according to CNBC. Payroll taxes would increase to 6.2 percent from 4.2 percent, dividends would be taxed as income and estates worth more than $1 million would be taxed at 55 percent, according to a Reuters report. Roskam said the …
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Nathan West
10:27 pm on Thursday, November 22, 2012
The House lost many Republican members in November's election and would have lost more except for Republican gerrymandering in the Red states. Roskam's posturing on the power of the House after this election is ringing very false. But he signed Grover Norquist's pledge to never increase taxes under any circumstance. I guess Roskam is still bowing down to his master. more ›