Representative Allison Schwartz (D-PA) talked about the possibility of President Obama and Congress reaching an agreement to avoid the “fiscal cliff.” She was optimistic about the chances for a compromise but agreed with President Obama that raising the tax rate for the wealthiest Americans was essential.*She also acknowledged the necessity of budget cuts.*
The program was part of a National Journal forum on the economy and the middle class.
“Fiscal cliff” referred to the impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a budget agreement.