Filed under: News
From the Huffington Post:
In a meeting with House Democrats on Thursday, President Obama stressed that his administration would draw a firm line on taxes and revenues both in the deficit- and debt-reduction debates and in the buildup to the 2012 elections.
According to multiple meeting attendees, the president reiterated on several occasions that a deal to raise the country's debt ceiling would include revenue increases, even as Republican lawmakers insist that such a deal should be restricted to spending cuts and entitlement reforms.
"I've been very clear about revenues as a part of a balanced package, and I will continue to be," said Obama.
Underscoring his commitment, Obama noted taxes would be a defining area of contrast with Republicans on the campaign trail. He insisted that he would not compromise again on his position that the tax rates for the top earners be raised to pre-Bush levels.
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