WaPo | Obama renews call for massive tax hikes on job creators

“I’m open to compromise. I’m open to new ideas. I’m committed to solving our fiscal challenges,” Obama said. But he held the line on raising taxes  on the wealthy.

“We can’t just cut our way to prosperity,” Obama said. “If we’re serious about reducing the deficit, we have to combine spending cuts with revenue, and that means asking the wealthiest Americans to pay a little more in taxes.”

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