Missouri Senator Roy Blunt says the talk on the fiscal cliff “certainly don’t look like it’s headed in a very positive positive direction right now.”
Blunt, however says there is still time for a deal. A series of tax increases and budget cuts automatically take effect at the start of 2013.
Without a deal, the Missouri Senator says not only will taxes go up, but “many Americans that didn’t pay income taxes this year will pay them next year”.
Blunt says that’s because of impending changes in the federal child tax credits and the bad to the tax provision that blocks the so-called ‘marriage tax’.
Blunt says the failure of reaching a deal will reflect poorly on the leadership of both President Obama and Republican House Speaker John Boehner.
Earlier this week, Blunt conceded the Senate has been reduced to “playing pundits” as Boehner and the President do most of the dealing.
