Originally published on Thu December 13, 2012 11:30 am
By Alan Greenblatt
Stephen Prince has plenty of money, and he doesn't mind sending more of it to the federal government.
"There's nothing in history that supports the view that if you give the wealthy their money back, they'll invest it," says Prince, who owns a company based in Nolensville, Tenn., that makes gift cards. "We invest anyway — that's what the wealthy do."
Of the 535 members of Congress, not many appear to be in the loop about the "fiscal cliff" negotiations. That makes the rest nervous about having to vote on a bill on short notice despite misgivings about what's in it. But this is often how major deals get accomplished in Washington.
In these budget negotiations, the names Boehner and Obama come up most often — and virtually all the rest are on the outside looking in.
In a closed-door meeting Thursday, lawmakers will consider whether to approve a secret report that chronicles CIA detention and interrogation practices — including methods that critics have compared to torture.
That report — along with the release of a new movie about the hunt for Osama bin Laden — is rekindling an old debate about whether those methods worked.
No one can argue the setback to organized labor served up by Michigan's new law, which bars unions from requiring workers to pay dues even if they don't join their workplace bargaining unit.
Tuesday's passage of "right to work" legislation in a state dominated by the auto industry and the historically powerful United Auto Workers was a surprising "smack in the face" to unions, says labor expert Lee Adler, especially given President Obama's nearly 10-point win in the state last month.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
Negotiations are intensifying between congressional Republicans and the White House. Both sides say they want to find a compromise to end the budget stalemate that's gripped Washington. Both sides are also vying for support from the business community. The White House has reportedly put an overhaul of the tax code on the table.
Despite his re-election and more Democratic seats in Congress, President Obama has far from a free hand to make the kind of comprehensive deal House Speaker John Boehner and other Republicans are demanding — one that includes cuts to entitlement programs.
Strong resistance to that notion is coming from the political left, including warnings that while Obama won't have another re-election, most of his allies on Capitol Hill will be facing voters again.
President Barack Obama is expected to make some key changes to his second-term cabinet. As Hillary Clinton prepares to step down as Secretary of State, many wonder whether she will run for president in 2016.