Economics Report - Avoiding the 'Fiscal Cliff'

Listening and Doing Exercise:

Select Play button. Listen and fill in the blanks with suggest words

English	From	Millionaires	Special	The	a	agreement	avoid	be	down
formed	go	harm	has	high-earners	iControl	in	is	jobs	member
members	negotiations	not	raise	rich	take	that	year

VOA Learning English, this is the Economics Report in English. Congressional leaders and the Obama administration began budget soon after the presidential election. They are trying to what is being called "the fiscal cliff," which is combination of tax increases and budget cuts that could the economy. However, a group of wealthy Americans has to try to influence those talks. More than 20 travelled to Washington recently to call on lawmakers to taxes on the richest AmericansThe group calls itself "Patriotic ." Members have incomes of at least $1 million a . Their message is simple: "Tax us more. We can it." They are worried about the growing gap between and middle-class AmericansThe group supports President Obama's plan to taxes on high-income earners as part of a budget to avoid the "fiscal cliff." If an agreement is reached by the end of this year, taxes will up for most Americans, and federal spending will go sharply. The Patriotic Millionaires believe their taxes need to raised. They also do not agree with the idea increasing taxes on those who create jobs means fewer will be created. TJ.. Zlotnitsky is the head of Systems, a data management company. He is also a of the group. He says his personal tax rate not an issue when he decides on hiring workers. group opposes raising taxes on the middle-class-, but not -, noting it would be bad for the economyPatriotic Millionaires more than 200 members across the country. They work finance, entertainment, technology and other areas. For VOA Learning , I'm Alex Villarreal.

SCORE: