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Rokita, small business owners discuss fiscal cliff

Fourth District Congressman Todd Rokita thinks a deal will get done to prevent the country from going off the so-called fiscal cliff.

He expects lawmakers to agree to terms by the December 31st deadline.

The Republican believes his party has presented an approach that reflects compromise.

“We've offered revenues if the President wanted revenues in cutting out deductions and loopholes and credits that we thought are unfair, in exchange for keeping tax rates low for all of us,” he said.

President Obama says he will not accept a plan that doesn’t include a tax increase on the top two-percent of Americans who earn more than $250,000.

"Washington does not have a revenue problem.  It spends too much on just about everything but especially on Medicare, Medicade, and Social Security," said Rokita.

Local business owner Gary Henriott says he and those like him are waiting to make many decisions, including hiring, after the fiscal cliff is resolved.

‘Corporations, individuals, employers are playing it pretty close to the vest," he said. "I don't see a lot of changes between now and the first of the year no matter what happens.”

He sees evidence that some business owners will support a tax increase.

"On the business side, you are seeing more progressive business voices out there advocating, saying 'yes we can pay more,'" he said.  "You are seeing other folks who are saying 'we can't.  It'll impact jobs."

Going over the fiscal cliff would trigger a combination of tax hikes and federal spending cuts on January 1st.