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Political disagreemnet on the “Fiscal cliff”

December 2, 2012

mitsloanpolicyforum

fiscal-cliff

[…]

Obama, speaking in Pennsylvania, said he was encouraged by the shifting views of some Republicans, and urged House approval of a bill that has already cleared the Democratic-controlled Senate that would lock in the middle-class tax cuts and raise the rates for the rich.

“If we can get a few House Republicans on board, we can pass the bill. … I’m ready to sign it,” Obama said.

But neither he nor the other principals in the debate budged from their basic positions.

[…]

“We already all agree, we say, on making sure middle-class taxes don’t go up. So let’s get that done. Let’s go ahead and take the fear out for the vast majority of American families so they don’t have to worry,” Obama said at the Rodon Group factory, which makes K’NEX building toy systems as well as Tinkertoys and consumer products.

In Washington, Boehner said Obama’s plan to raise taxes on the rich was the wrong approach.

“There is a stalemate. Let’s not kid ourselves,” the Ohio Republican said. “Right now we are almost nowhere.”

Read more from REUTERS:

http://www.reuters.com/article/2012/12/01/us-usa-fiscal-obama-idUSBRE8AT0LH20121201

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