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US ‘Fiscal Cliff’: tax crisis pending at year-end

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http://www.euronews.com/ As the race for the White House enters its final stretch, another drama is also concerning US policymakers: a flood of tax rises and spending cuts all due to come into effect at the same time, known as the ‘Fiscal Cliff’.

It leaves US politicians with a conundrum, as Roberton Williams of the Tax Policy Centre explained to euronews: “The argument is over the top two percent. Do we let the tax cuts expire for them or not? President Obama says, yes let them expire for the richest two percent because they can afford the taxes and we need the revenue. The Republicans are saying no, we can’t let taxes go up for anyone, particularly these rich folks are the job creators. We need them to keep the economy going.”

While the proposed hikes are not attractive, cancelling them also creates problems, as the US deficit would grow.

Grover Norquist of Americans for Tax Reform said: “Democrats want a bigger government and they want higher taxes to pay for it. The Republicans want a smaller government and they don’t want to raise taxes to pay for it. What would a compromise look like? There is no compromise. The Republicans want to go west, the Democrats want to go East”.

Euronews Washington correspondent Stefan Grobe reports: “The ugly exchanges over fiscal policies during the campaign are a reminder of the difficult task ahead. Across Washington, lobbyists, think-tank experts and officials at all levels of government are bracing for the year-end battle.”

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Athens Photo Festival: A polyphonic celebration of photography at the Benaki Museum

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Athens Photo Festival: A polyphonic celebration of photography at the Benaki Museum

This year, 70 creators and artistic collectives from 30 countries are taking part in the international photography festival.

READ MORE : http://www.euronews.com/2026/07/17/athens-photo-festival-a-polyphonic-celebration-of-photography-at-the-benaki-museum

Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe’s arts, gastronomy, traditions and high-end craftsmanship.

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Demand for firewood soars in Austria amid gas supply fears

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The increase in energy prices in Austria accompanied by soaring inflation has prompted locals to return to burning wood.

READ MORE : https://www.euronews.com/2022/10/03/demand-for-firewood-soars-in-austria-amid-gas-supply-fears

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Solar panels built from waste crops can make energy without direct light

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Solar fashion and vertical solar farms are the future with this new material that doesn’t need direct sunlight to make electricity.

READ MORE : https://www.euronews.com/2022/02/19/solar-panels-built-from-waste-crops-can-make-energy-without-direct-light

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Swimming in sewage? Here are the beaches to avoid in this UK holiday hotspot

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The beaches of the renowned holiday destination the Isle of Wight are contaminated with human waste. The issue has led to people getting sick.

READ MORE : https://www.euronews.com/2023/04/07/swimming-in-sewage-here-are-the-beaches-to-avoid-in-this-uk-holiday-hotspot

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Spotify hit with $1.6 bln copyright lawsuit

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Music publishing company alleges the streaming service failed to get a proper licence allowing it to distribute thousands of songs, including those of Tom Petty, Neil Young and the Doors.…
READ MORE : http://www.euronews.com/2018/01/03/music-streaming-service-spotify-hit-with-1-6-bln-copyright-lawsuit

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