Power Line "Byron York passes on what he is hearing from Senate Republicans on the fiscal negotiations in DC. What he is hearing isn’t good:
The word among some Senate Republicans is that a fiscal cliff deal is likely to be struck by Sunday, or Monday at the latest. …
Those Senate Republicans hope the final deal will make permanent current tax levels — Bush tax cut levels — for everyone who makes below $500,000.The $500,000 figure is not set in stone. It could be $400,000, as President Obama is reportedly willing to agree to, or it could be higher, as some Senate Democrats have suggested in the past. … In addition, big spending cuts, the sequestration cuts scheduled to go into effect in the new year, would not be affected and would go forward as planned.
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