THEY SAY A PICTURE IS WORTH
A THOUSAND WORDS....
A THOUSAND WORDS....
President Obama and his White House team appear to have drawn a line in the sand in talks with House Republicans on the "fiscal cliff."
Tax rates on the wealthy are going up, the only question is how much?
"Those rates are going to have to go up," Treasury Secretary Tim Geithner
flatly stated on ABC's "This Week." "There's no responsible way we can
govern this country at a time of enormous threat, and risk, and
challenge ... with those low rates in place for future generations."
But the president's plan, which Geithner delivered last week, has left the two sides far apart.
In recounting his response today on "Fox News Sunday," House Speaker
John Boehner said: "I was flabbergasted. I looked at him and said, 'You
can't be serious.'
"The president's idea of negotiation is: Roll over and do what I ask," Boehner added.
The president has never asked for so much additional tax revenue. He
wants another $1.6 trillion over the next 10 years, including returning
the tax rate on income above $250,000 a year to 39.6 percent.
Boehner is offering half that, $800 billion.
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