Fiscal Cliff Reality Awaits Republican Shifting Tax Rhetoric

Fiscal Cliff Reality Awaits Republican Shifting Tax Rhetoric

Andrew Harrer/Bloomberg

As Congress returns this week to confront a so-called “fiscal cliff” at year’s end, many Republicans who have long dismissed any tax increase as unacceptable say they are willing to entertain higher revenue as part of a deficit-reduction deal -- so long as Democrats accept cuts in entitlement programs.