President Barack Obama remained firm on his stance to raise taxes on the wealthy.
Chris Carlson, AP
President Barack Obama remained firm on his stance to raise taxes on the wealthy, claiming that Republicans will have to compromise to avoid the fiscal cliff, according to Reuters.
"What I'm not going to do is to extend further a tax cut for folks who don't need it," Obama said during his first news conference since re-election, according to Reuters.
Obama plans to consider Republican issues, like entitlement and tax-code changes, but will not back down from hikes on the wealthiest two percent.
Republicans will have to compromise on taxes for the wealthy if they want to help prevent the upcoming “fiscal cliff.”
The GOP opposes plans to raise taxes, but is willing to pass a deal that would limit tax breaks on the wealthiest 2 percent.
"We will continue to fight any member of our conference that decides that this is a good time to raise taxes," Republican Representative Raul Labrador told Reuters.
EMAIL: jferguson@desnews.com
TWITTER: @joeyferguson
DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
— About comments
Joey Ferguson is a business reporter for the Deseret News who focuses on public finance. He joined Deseret News after graduating from Brigham Young University-Idaho with a bachelor's degree in journalism in May 2011. He more ..
- How colleges take from the poor, give to the...
- Mistake or miracle: New evidence on the...
- Can't catch a break: America lags behind on...
- Delta ups ante in battle for N.Y.
- Murray's vision: If you build it they will come
- Low US energy prices make Euro leaders see green
- Some unions angry about health care law
- Political landscape changes with improving...
Subscribe
Mobile
RSS
- Couples registry gets preliminary nod...
29 - US companies challenging contraception... 20
- Should we let wunderkinds drop out of... 13
- Obama opposes GOP bill on Keystone XL... 11
- How colleges take from the poor, give... 11
- IRS official to take the 5th at hearing 8
- Obama threatens veto of Republican... 7
- Utah ranks No. 1 for economic outlook... 7
What Obama says: "We need to compromise."
What Obama means: "You Republicans need to know your place and do what I say without questioning my judgement, and if you don't, any misfortune that may come our way is your
Let me see we have elected for the second time a person with ZERO business experience and we wonder why we are in trouble. I am always amazed that the liberals don't factor in how businesses or business owners will react when taxes or fees go More..
No one will question this president. He won't answer questions. Just ignore those that question you, and use the executive order to shove your agenda down peoples throats.
Potus "There you go, take your medicince....soon it will More..