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... including the rich. The second, supported primarily by Democrats, would extend the current low rates only on income less than $250,000 a year, allowing rates for the wealthy to increase. Both measures would go to the Democratic-controlled Senate, which would then pass only the Democratic bill. LINE ITEMS ...
... Roundtable in Washington, where, according to a White House official, "he will reiterate that he will not accept a deal that doesn't include higher rates on the wealthiest individuals." The president will also ask the leaders "for their help in supporting an approach that resolves the debt limit without ...
... s take was far more critical. "The Republican letter released today does not meet the test of balance. In fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill," White House communications director Dan Pfeiffer said in a statement. "Until the Republicans ...
... reduction deal and have to face the music with their constituents. Some GOP members are already beginning to reconsider their position on decoupling the top rates from the lower and middle-income rates in the fiscal cliff negotiations. According to Politico earlier this week, Rep. Tom Cole, R-Okla., urged ...
... ready to push House Republicans. The upfront tax increases in the proposal go beyond what Senate Democrats were able to pass earlier this year. Tax rates would go up for higher-income earners, as in the Senate bill, but Mr. Obama wants their dividends to be taxed as ordinary income ...
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