Baton Rouge residents weigh in on potential fiscal cliff crisis
BATON ROUGE - Some people admitted they really weren't sure what the fiscal cliff was, but those that did said they've been following the situation closely.
"Well all young people are struggling particularly my college friends." Says Simone Laroussini.
President Barack Obama's budget control act will start on January 1st, ending last year's temporary payroll tax cuts and other tax breaks.
In today's radio address Mr. Obama said the election showed support for his policies, including raising taxes on families making $250, 000 or more a year.
"One of the solutions as well as smart spending cuts is gonna fix this problem." Says James Bullman, of the Democratic State Central Committee.
But getting support from Republicans in Congress could be another story.
Woody Jenkins Chairman of the East Baton Rouge Parish Republican Party says, "We're really talking about taxes on business and that's the same one he's counting on to create jobs."
House speaker John Boehner says raising taxes should be avoided and will slow the economy even more.
The Congressional Budget office says it could cost upwards of 200,000 jobs.
Experts believe, if we enter the fiscal cliff, we could see another recession unless all sides can come to an agreement.
"Both parties just have to come together and work for the good of the public." Says Kevin Brandau