With the fiscal cliff looming, President Obama is expected to make a public appeal to urge Republicans to approve tax increases for the wealthy and tax cuts for those making less than $250,000 a year.
The president will travel to Philadelphia, Friday (Nov. 30) in a more aggressive attempt to avoid a tax increases for all parties. According to the White House, the two-part plan includes closed-door negotiates with Republicans, and hosting a private meeting with 15 small-business leaders, which will take place sometime today.
No matter his plan, Obama isn't getting much love from the GOP. House speaker John Boehner proposed the reduction of tax loopholes rather than raising taxes, as a potential way to increase revenue, while Senate Republican leader Mitch McConnell accused the POTUS of being “back on the campaign trail,” with “the same old talking points we're all familiar with.”
On the contrary, the White House believes meeting directly with public, is the best decision. “Hearing from [voters], hearing their voices and hearing their priorities is essential to helping compel this process forward,” said White House spokesman, Jay Carney.
“We're not going to solve this problem by creating villains and drumming up outrage. We'll solve the problem by doing the hard work of sitting down, figuring out a solution that involves tough choices on all sides.”
If an agreement isn't reached, both sides fear that the fiscal cliff will hinder the country's economic recovery.
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