Thread: Economics The Fiscal Cliff Approacheth
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Old 11-13-2012, 07:22 PM   #135
Direckshun Direckshun is offline
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Join Date: Oct 2006
Location: Springpatch
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Negotiations are on.

The White House starts big.

http://online.wsj.com/article/SB1000...=djemalertNEWS

Obama Sets Steep Tax Target
President to Seek $1.6 Trillion More in Revenue, Double Level From 2011 Talks.
BY JANET HOOK AND CAROL E. LEE

President Barack Obama will begin budget negotiations with congressional leaders Friday by calling for $1.6 trillion in additional tax revenue over the next decade, far more than Republicans are likely to accept and double the $800 billion discussed in talks with GOP leaders during the summer of 2011.

Mr. Obama, in a meeting Tuesday with union leaders and other liberal activists, also pledged to hang tough in seeking tax increases on wealthy Americans.
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