President Obama has reportedly rejected an offer from John Boehner to increase taxes for those...
President Obama has reportedly rejected an offer from John Boehner to increase taxes for those earning over $1M a year in exchange for major cuts in entitlement programs. It's a major concession by the Republicans in the protracted talks over a deal to avert the fiscal cliff, but Obama wants to raise taxes on those earning over $250K, while Democrats oppose key GOP proposals for reducing entitlements.
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