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DC Report: Avoiding the Fiscal Cliff

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    Washington focuses in on the expiration of the Bush tax cuts and a new round of mandatory spending cuts that will kick in January 1st.

  • Duration 5:42
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With the election over and President Obama staying in the White House Washington is focusing on avoiding the fiscal cliff that's the expiration of the bush tax cuts and a new round of mandatory spending cuts that will kick in on January 1.

Democrats who kept control of the senate are again demanding higher taxes from wealthier taxpayers including entrepreneur -- as part of any deal.

But Republicans who kept control of the house say no way.

President's call for a balanced approach to the depths of the combination of spending cuts increase revenues.

But a balanced approach is a balanced of the means higher taxes on small businesses.

That are the key to get in our economy moving media and the kids in a move.

They have this this.

Diatribes by the Republicans some Republicans saying.

Where -- can raise taxes on small business -- separately.

We all agree that there's 3%.

-- people who are worried about their tax increase your small.

-- Boehner said Republicans are open to higher tax revenues as part of a fiscal agreement.

As long as they don't come from higher tax rates.

House Republicans want them to come mainly.

From tax and entitlement reform that they say will help boost economic growth job creation and pay rolls.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.

With the election -- our politicians prepare to battle over taxes.

I'm Peter Barnes with Fox Business are small business report.

It's coming up.

With the election over and President Obama staying in the White House Washington is focusing on avoiding the fiscal cliff that's the expiration of the bush tax cuts and a new round of mandatory spending cuts that will kick in on January 1.

Democrats who kept control of the senate are again demanding higher taxes from wealthier taxpayers including entrepreneur -- as part of any deal.

But Republicans who kept control of the house say no way.

President's call for a balanced approach to the depths of the combination spending cuts increase revenues.

But a balanced approach is a balanced of the means higher taxes on small businesses.

That are the Keating given our economy moving again -- in a move.

They have this this.

Diatribes by the Republicans some Republicans saying.

Where -- gonna raise taxes on small business -- separately.

We all agree that -- -- -- percent.

The people who are worried about -- tax increase for small.

-- Boehner said Republicans are open to higher tax revenues as part of a fiscal agreement.

As long as they don't come from higher tax rates house Republicans want them to come mainly.

From tax and entitlement reform that they say -- help boost economic growth job creation and payrolls.

That's it for this edition of the small business report.

I'm Peter Barnes Fox Business Network.

With the election -- -- President Obama staying in the White House Washington is focusing on avoiding the fiscal cliff that the expiration of the bush tax cuts and a new round of mandatory spending cuts that will kick in on January 1.

Democrats who kept control of the senate are again demanding higher taxes from wealthier taxpayers including -- -- as part of any deal.

But Republicans who kept control of the house say no way.

President's called for a balanced approach to the depths of the combination of spending cuts increase revenues.

But a balanced approach is a balanced of the means higher taxes on small businesses.

That are the -- to -- our economy moving again -- in a move.

They have this this.

Diatribes by the Republicans some Republicans saying.

-- -- gonna raise taxes on small business -- separately.

We all agree that -- -- -- percent.

The people who are worried about their tax increase your small.

-- Boehner said Republicans are open to higher tax revenues as part of a fiscal agreement as long as they don't come from higher tax rates house Republicans want them to come mainly.

From tax and entitlement reform that they say will help boost economic growth job creation and payrolls.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.