Time: 7:00 PM - 8:30 PM
Location: 417 University Square
Congress has not approved a budget in three years as Democrats and Republicans refuse to negotiate. Now, worried about offending voters with an election looming, politicians have again delayed action on a budget. But a fiscal cliff looms at the end of this year – making it dangerous to postpone action any longer. Absent a budget agreement, the Bush era tax cuts will go away – raising taxes on every American, as will the Obama payroll tax cuts, increasing Social Security taxes by 2%. Will the President reach a budget deal with Congress in a “lame duck” session between the election and the end of the year? What kind of agreement might they seek? What if they fail?
Speaker: Timothy Penny, President/CEO of Southern Minnesota Initiative Foundation
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