Compromise moving in direction of Kaine campaign proposal?

AFP

President Obama has proposed allowing the Bush tax cuts to expire above $400,000 as part of negotiations to avoid the fiscal cliff. U.S. Sen.-elect Tim Kaine had suggested during his campaign allowing the Bush tax cuts to expire on income above $500,000 per year, a practical compromise between the position of Senate Democrats and President Obama and the position of House Republicans.

Nan Grogan Orrock: Reshaping Pentagon spending

AFP

With the campaigns over, our leaders must roll up their sleeves and get to work on the serious financial decisions facing the nation. Congress has known for more than a year that automatic budget cuts and tax increases loom in January, but they’ve left all the work to be done at the last minute. They need to hear from us that we expect them to make a balanced deal to preserve programs that strengthen our nation while making sensible budget cuts to programs that are wasteful or unnecessary.