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Obama Signals He's Firm on Raising Taxes for Wealthiest Americans

President says he's confident Republicans and Democrats can work together to avoid 'fiscal cliff'

November 14, 2012 RSS Feed Print
President Barack Obama gestures as he answers a question during a news conference in the East Room of the White House in Washington, Wednesday, Nov. 14, 2012.

"2013 should be the year we begin to solve our debt through tax reform and entitlement reform," Boehner said. "This will bring jobs home, result in a stronger, healthier economy. And a stronger, healthier economy means more Americans working and more revenues, which is what the president is seeking."

Bipartisan congressional leaders are scheduled to meet with Obama on Friday, following meetings the president has held earlier in the week with labor and business leaders to rally support for a 'big deal' that would help the country avoid a series of across-the-board federal spending cuts and tax increases for all Americans.

Obama, who fielded 16 questions from 10 reporters, also addressed the on-going controversy surrounding Gen. David Petraeus, the potential controversial nomination of U.N. Ambassador Susan Rice as Secretary of State, immigration reform, and climate change policy, during the nearly hour long press conference.

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Rebekah Metzler is a political writer for U.S. News & World Report. You can follow her on Twitter or reach her at rmetzler@usnews.com.

Tags:
fiscal policy,
fiscal cliff,
Barack Obama,
Congress,
taxes,
federal taxes

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