The nation narrowly has avoided falling off the so-called fiscal cliff, at least for a brief time.
Congress retained most tax cuts and cut some spending but continued to put off deeper cuts. The House of Representatives remains deeply divided and at odds with the president but still passed tax increases for the wealthiest Americans, a cornerstone of President Barack Obama’s campaign.
B’nai B’rith, which also expressed reservations about the work left undone, including potential cuts to Medicare and Medicaid, was specific about its support in one area. “Ensuring seniors have access to doctors by stopping a cut in reimbursements to those who treat the elderly is a vital element of this bill,” said B’nai B’rith International President Allan J. Jacobs.
“We certainly hoped Social Security would be left out because it is self-funded and doesn’t contribute to the deficit, but we have reason to be concerned about that as well,” said B’nai B’rith International Associate Executive Vice President Mark D. Olshan...more.