Dec 31
WASHINGTON — Shaking up the “fiscal cliff” negotiations as they enter their closing stages, one of the top labor leaders in the country urged Democrats on Monday night to put the brakes on the deal and reconsider an even-further scaled-down proposal.
Richard Trumka, president of the AFL-CIO, tweeted his opposition to a proposal that would raise tax rates only on incomes above $400,000 for individuals and $450,000 for couples, while inviting future debt-reduction standoffs just months down the road.
“Its not a good #fiscalcliff deal if it gives more tax cuts to 2 percent and sets the stage for more hostage taking,” Trumka wrote.
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