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Thursday, November 29, 2012

Some N.C. legislators willing to compromise to avoid fiscal cliff

Posted By on Thu, Nov 29, 2012 at 11:32 AM

Good news on the fiscal cliff front: North Carolina legislators in Washington, D.C., say they are willing to compromise on some "hardened positions" to reach a deal before Bush-era tax cuts end and other costs go into effect, increasing taxes for all Americans.

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According to the Charlotte Observer's Washington correspondent, some Republican representatives said they are willing to break no-tax-increase pledges, including Grover Norquist's longstanding Americas for Tax Reform pledge.

Interviews with eight of the 15 Republican and Democratic members of the N.C. congressional delegation indicate that they are willing to negotiate on taxes and entitlement programs, including Social Security, Medicare and Medicaid. But they acknowledge negotiations will not be easy with politicians striving to maintain their favored federal programs or tax cuts.

Read the full story here.

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