Tuesday,  December 04, 2012 • Vol. 13--No. 139 • 30 of 36 •  Other Editions

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GOP plan would raise Medicare age, lower Social Security COLAs, while raising $800B in revenue

• WASHINGTON (AP) -- Republicans are proposing a "fiscal cliff" plan that revives ideas from failed budget talks with President Barack Obama last year, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue.
• The counter to a White House plan last week relies more on politically sensitive spending cuts and would raise half the $1.6 trillion in revenue proposed by Obama over the coming decade.
• The 10-year, $2.2 trillion proposal from House Speaker John Boehner, R-Ohio, resembles a framework similar to what Boehner supported last year, but Obama is pressing for additional tax increases and appears to be balking at spending cuts dis

cussed in those talks and since.
• Administration officials from Obama on down say it'll take money from raising tax rates on the rich -- instead of GOP proposals to simply curb their deductions -- to win Obama's approval of any plan to avoid the "fiscal cliff."
• While intended to break a stalemate in place since the administration last week angered Republicans with a $1.6 trillion plan that largely exempted Medicare and Social Security from budget cuts, Monday's proposal sparked a predictable round of partisanship.
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Egypt's independent papers suspend publication in latest protest against Islamist president

• CAIRO (AP) -- Several independent Egyptian newspapers suspended publication Tuesday as protesters prepared for marches amid mounting anger over the hurried drafting of the country's new constitution adopted by an Islamist-led panel.
• The media protest involved at least eight influential dailies and was part of a planned campaign of civil disobedience that could bring in other industries and build on an ongoing strike by Egypt's judges.
• Meanwhile, opponents of President Mohammed Morsi planned a massive rally outside the presidential palace in Cairo later Tuesday -- the latest against the draft constitution and decrees by the Islamist leader giving him nearly unrestricted powers. Morsi called for a nationwide referendum on the draft on Dec. 15.

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