Republicans Vote on Fiscal Cliff Proposal Thursday

, Posted: Thu, December 20 2012 at 8:21 AM, Updated: Thu, December 20 2012 at 8:21 AM

Negotiations on the fiscal cliff are a no-go for now.

Republicans have scheduled a vote Thursday that would keep tax rates low, even if you make almost a million dollars.

Meanwhile, President Obama says that's an automatic veto.

Despite the breakdown in negotiations, the President says he's still optimistic they can reach a deal before Christmas. 

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