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Obama To GOP: Accept tax hike on the rich

Dec 05, 2012
by Rob Lillpopp

Bloomberg News (12/5, Goldman, Davis) reports that in an interview with Bloomberg Television (12/5), President Barack Obama “sketched out a potential year-end deal pairing tax increases and spending cuts to avert the so-called fiscal cliff, while insisting Republicans must accept higher tax rates for top earners as a condition for negotiations.” According to Bloomberg News, the President “said he would be ‘flexible,’ yet named a price Republicans have so far been unwilling to pay – tax-rate increases – as the only path to reaching a deal. ‘It’s not me being stubborn; it’s not me being partisan,’ Obama said. ‘It’s just a matter of math.’”

The Washington Post (12/5, Clement) reports that “most Americans appear poised to blame Republicans, not President Obama, if negotiators fail to act in time to avert a ‘fiscal cliff’…according to a new Washington Post (12/5)” poll. The Post adds, “By nearly 2 to 1, more respondents said Republicans in Congress would be to blame if there is no deal.”

 

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Fiscal Cliff
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The Capital Business Blog was created by the Business Council of New York State. Our primary function is to serve as an advocate for employers in the state political and policy-making arena, working for a healthier business climate, economic growth, and jobs.

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