National AP News | WCTV Eyewitness News: Tallahassee, Thomasville, Valdosta

Fiscal Cliff... Will We Fall?

By: Associated Press Email
By: Associated Press Email

Associated Press Release

By JIM KUHNHENN
Associated Press
WASHINGTON (AP) -- President Barack Obama is warning Republicans not to create another fight over the nation's debt ceiling, telling business leaders it's "not a game that I will play."

Obama says in remarks to the Business Roundtable that he has heard of reports that Republicans may be willing to agree to higher tax rates on the wealthy and then come back in 2013 with more leverage to extract spending cuts in exchange for raising the government's borrowing limit.

Obama says that approach is "a bad strategy for America." He tells the group of chief executives that he wants to break that habit before it even starts.

AP-WF-12-05-12 1627GMT


Associated Press Release

By ANDREW TAYLOR
Associated Press
WASHINGTON (AP) -- The top Republican negotiator in talks with President Barack Obama on avoiding economy-jarring tax increases and spending cuts says it's time for the White House to respond to Monday's GOP offer.

House Speaker John Boehner says that "we can't negotiate with ourselves." The GOP plan mixes $800 billion in higher tax revenue with cuts to Medicare and a stingier cost-of-living adjustment for Social Security benefits.

The White House has dismissed the GOP plan since it fails to raise the top two tax brackets for upper-income earners -- a core campaign promise of Obama's and a central demand in the current talks. So far, Republicans say that is a step they're unwilling to take.

AP-WF-12-05-12 1617GMT


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 182202321