Tuesday, December 18, 2012

Utah Legislatures Hoping for Progress Before Fiscal Cliff

If you're wondering what might happen with the fiscal cliff situation in Washington, D.C., you're not alone.

Utah's congressional delegation is also wondering what deal Congress and the president can come to terms on before the end of the year comes and the nation goes off the cliff triggering an increase in taxes and massive cuts to government services.

Utah's team, made up of four Republicans and one Democrat, has some ideas on what they'd like to see happen, but the negotiations appear to only be going on between two people -- President Barack Obama and Speaker of the House John Boehner.

There are ideas that the group seems to support on the whole. Utah's elected officials are on board with extending all of the Bush-era tax cuts at this time as all said economists have stated not extending those cuts will put the country back into a recession. They also all would like to see legislation that would put deadlines on Congress to overhaul the nation's tax code. Daily Herald