78°
Baton Rouge, Louisiana
3 Day Outlook
Sat
86°
75°
60%
Sun
89°
74°
40%
Mon
94°
74°
20%

Latest Weather Blog

Follow our weather team on social media

Obama to paint Republicans as obstacles to a deal

2 years ago November 30, 2012 Nov 30, 2012 Friday, November 30 2012 Friday, November 30, 2012 6:47:53 AM CST in News
Source: Associated Press

WASHINGTON - During his visit to the Philadelphia area today, President Barack Obama is planning on insisting on higher taxes for the top two percent of earners. That's according to White House officials, who say Obama will cast Republicans as an obstacle to a deal that would avoid the "fiscal cliff" of tax increases and spending cuts.

Republicans have said they are open to new tax revenue, but not higher tax rates.

White House officials believe today's trip will build momentum for the president's case, even as Republicans say it stands in the way of productive talks.

Obama is speaking at a manufacturing facility that he will showcase as an example of a business that depends on middle-class consumers during the holiday season.

The trip comes a day after Treasury Secretary Timothy Geithner met privately with congressional leaders. Geithner presented a proposal calling for $1.6 trillion in higher taxes over ten years, and immediate spending to help the unemployed and struggling homeowners. It includes plans for legislation in 2013 aimed at saving $400 billion over 10 years from Medicare and other benefit programs.

But House Speaker John Boehner says many Democrats still don't want to make what he calls "sensible spending cuts."

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days