Groups Make Plea to Avoid Fiscal Cliff
Just when many Americas were returning to their TVs and radios without being bombarded by political ads, powerful interest groups are back on the airways protecting their interests and targeting Capitol Hill lawmakers trying to resolve the looming fiscal crisis.
Lawmakers return to Capitol Hill on Monday to try to reach a deal with the White House to avert a mix of $500 billion in tax increases and federal spending cuts to keep the country from going over a “fiscal cliff” by January 2.
However, labor unions and such powerful interest groups as AARP are already running ads to protect tax breaks and entitlement programs targeted for cutting.
In the negotiations to reduce the roughly $1.2 trillion federal deficit, Democrats essentially are calling for tax increases for the country’s highest earners to generate revenue, while Republicans want cuts to entitlement programs like Medicare and Social Security to slash spending.