What if Republicans gave the Democrats what they wanted?
Republicans are cool to a White House proposal that federal unemployment benefits be extended for another year.The same is also true for the higher tax rates that Obama is pushing.
Extending the benefits would cost $30 billion and was included in the first deficit-reduction proposal that President Obama sent to GOP leaders this week.
With talks to avoid the “fiscal cliff” seemingly at a standstill, Republicans are suggesting that the cost of extending the jobless benefits program could prove problematic.
"After spending $215 billion and adding $180 billion to the debt, more spending on federal unemployment benefits, above and beyond what the states already spend, would have to be carefully considered during fiscal cliff talks," said a House GOP aide. . . .