Newspaper article St Louis Post-Dispatch (MO)

Obama Takes Tax Pitch on the Road; President Visits Virginia Family's Home to Press Case for Higher Rates for Wealthy to Help Avert 'Fiscal Cliff."

Newspaper article St Louis Post-Dispatch (MO)

Obama Takes Tax Pitch on the Road; President Visits Virginia Family's Home to Press Case for Higher Rates for Wealthy to Help Avert 'Fiscal Cliff."

Article excerpt

FALLS CHURCH, Va. President Barack Obama, trying to put a personal touch on fiscal cliff negotiations, visited a northern Virginia familys basement apartment Thursday to press his hard line on tax rate increases for the wealthy.

Were in the midst of the Christmas season, Obama said, sitting at a table in the Santana familys Falls Church, Va., home. I think the American people are counting on this getting solved. The closer it gets to the brink, the more stress there is going to be.

Obama and lawmakers have until the end of the year to avert across-the-board spending cuts and tax increases. The president reiterated the firm stance he has taken in recent days, warning that hes willing to let that economy-rattling double whammy take effect if Republicans dont drop their opposition to higher tax rates for the wealthy.

Just to be clear, Im not going to sign any package that somehow prevents the top rate from going up for the folks in the top 2 percent, Obama said.

But I do remain optimistic that we can get something done that is good for families like this one and is good for the American economy, Obama said.

The presidents quick trip to northern Virginia just a 15-minute drive from the White House is part of an effort to rally public support for his tax proposals. The family whose home he visited was one of many who shared a story online, at the White Houses urging, of how they would be hurt if their taxes went up at the end of the year. The president will also travel to Detroit on Monday.

Obama and House Speaker John Boehner spoke on the phone Wednesday, their first known conversation in nearly a week. Neither side provided details of the call, but the White House said the lines of communication with Capitol Hill Republicans were open and there had been multiple conversations between staff.

Unless the president and Republicans reach a deal, George W. Bush- era tax rates will expire on all income earners on Jan. 1. Obama wants to continue them for 98 percent of Americans, while letting them expire on the upper income earners.

If Republicans try to block that effort, Treasury Secretary Timothy Geithner said, the administration will absolutely let the country go over the fiscal cliff. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.