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• xuexue January 2, 2013

  As part of the

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  in Medicare payments to doctors, taxes

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  on large inheritances and how to limit the

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  impact of the alternative minimum tax, a

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  parallel income tax system that is intended to

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  ensure the rich pay a fair share but that

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  is increasingly encroaching on the middle class

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  President Obama said that if talks between

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  Senate to schedule an up-or-down vote on

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  a narrower measure that would extend only the

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  middle-class tax breaks and unemployment benefits.

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  The Senate majority leader, Harry Reid of Nevada,

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  said he would schedule such a vote on Monday absent a deal.

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  If Congress is unable to act before the

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  new year, Washington will effectively usher

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  in a series of automatic tax increases and a

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  program of drastic spending cuts that economists

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  say could pitch the country back into recession.

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  The president and lawmakers put those

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  spending cuts

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