VIDEO: Roskam on Fiscal Cliff: Let's Find a Solution and Move Forward
U.S. Rep Peter Roskam (IL-06) talks about avoiding the fiscal cliff on CNBC.
Written by Charlotte Eriksen U.S. Rep. Peter Roskam (IL-06) Friday appeared on CNBC's "Squawk on the Street" to discuss how to avoid the "fiscal cliff" in 2013. Get news in your inbox. Sign up for the Patch newsletter. Like Naperville Patch on Facebook. He said House Republicans want to cut spending and avert the cliff, and that the House has already acted on the issues by arguing to extend current rates for a year as a bridge to tax reform, according to a press release. Starting Jan. 2, about $600 billion in tax increases and spending reductions would begin if Congress does not agree on how to implement less extreme measures, according to CNBC. Payroll taxes would increase to 6.2 percent from 4.2 percent, dividends would be taxed as …
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11:41 am on Tuesday, November 20, 2012
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