(KCEN) -- With only 15 days left until the Budget Control Act expires and we go over the fiscal cliff many are wondering how this will affect the middle class right here in Central Texas?
If a solution isn't met by December 31st, automatic spending cuts and tax hikes will go into effect.
After Friday's school shooting and house lawmakers out for the weekend, experts say that their is little chance of a deal getting done any time soon.
Such a deal would start a series of steep spending cuts at some federal agencies.
It would also allow key tax laws to expire, raising taxes for many which could be upward close to $4,000 per family.
The latest proposal by Speaker Boehner includes extending all of the Bush era tax rates.
Resisting President Obama's demand to let the marginal rates rise on income above $250,000.
Central Texans I spoke with aren't ignoring the issue they are outspoken and agree the last thing they want is another month of negotiating.
Father of two Ron German says, "To me, decisions made back in my time seem to be a little bit more responsible. I didn't see the impact or the negative impact I should say that my kids will face if we don't get this fixed."
Temple Resident Greg Keith says, "When people do start feeling the bite in a couple months we'll need to make a reasonable deal."
Again only fifteen days and counting until the fiscal cliff.
Both sides will continue negotiations tomorrow.
