I don't know if that statement is entirely correct in regards to the business taxes.
Jay Carney, the White House press secretary, provided a bit of good news this afternoon to those worried about painful compromises ahead in the negotiations over the fiscal cliff. President Obama, he said, still wants $1.6 trillion in new tax revenue (over a decade) in any package to reduce the deficit.
That’s almost impossible to achieve without raising rates on high incomes. Reverting to Clinton-era rates on incomes greater than $250,000 would raise $1 trillion; the rest could come from capping deductions, the method Republicans prefer but which would be insufficient alone.