WASHINGTON — An economic calamity looming, President Barack Obama on Friday signaled willingness to compromise with Republicans , declaring he was not "wedded to every detail" of his tax-and-spending approach to prevent deep and widespread pain in the new year. But he insisted his re-election gave him a mandate to raise taxes on wealthier Americans.
"The majority of Americans agree with my approach," said Obama, brimming with apparent confidence in his first White House statement since securing a second term.
Trouble is, the Republicans who run the House plainly do not agree with his plans. Speaker John Boehner insisted that raising tax rates as Obama wants "will destroy jobs in America."
So began the "fiscal cliff" political maneuvering that will determine which elected power center — the White House or the House — bends more on its promises to voters. The outcome will affect tens of millions of Americans, given that the tax hikes and budgets cuts set to kick in Jan. 1 could spike unemployment and bring on a new recession.
An exhausting campaign barely history, Washington was back quickly to governing on deadline, with agreement on a crucial goal but divisions on how to get there.
Obama invited the top four leaders of Congress to the White House next week for talks, right before he leaves on a diplomatic mission to Asia.
All sides sought to leave themselves wiggle room.
"I don't want to box myself in. I don't want to box anybody else in," Boehner said at the Capitol.
Outside all the new the talk of openness, the same hard lines seemed in place.
Obama never expressly said that tax rates on top earners must return to the higher levels of the Bill Clinton era, leading to speculation that he was willing to soften the core position of his re-election campaign to get a grand debt deal with Republicans. "I'm not wedded to every detail of my plan. I'm open to compromise," he said.
But his spokesman, Jay Carney, seemed to slam that door. He said Obama would veto any extension Congress might approve of tax cuts on incomes above $250,000.
And outside the private negotiations, a new campaign for public opinion had begun.
Obama's remarks were choreographed so that a diverse-looking group of Americans stood behind him and dozens more were invited to pack the East Room. In the weeks ahead, he plans to pull in the public as a way to pressure Congress.
"I am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me, making over $250,000, aren't asked to pay a dime more in taxes. I'm not going to do that," said Obama.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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If we take from the rich to give to the poor, the poor will remain poor and the rich will be hurt, but we will feel better? Higher rates of taxation stifle economic activity and decrease government revenue, (see massive nationwide lay-offs the day after the election). Lowering taxes entices more into business, increases hiring, and generates greater government revenue. Following the Bush tax cuts government revenue soared, 2006 and 2007 were the record setting years. The Democrat Party realizes this, President Obama has stated on "60 Minutes" that he was less interested in revenue and more interested in "fairness".
Politicians court money and power. If the Democrats have less interest in revenue, then what do they seek? Control.
Proposition 30 passed in California. Californians voted to raise taxes on themselves? The poor now make up the voting majority. Poor people think nothing of voting themselves additional benefits. The exodus of business from California is staggering. President Obama will bail out California with taxpayer dollars, following "QE Sandy" will be "QE California". This bail out will be phenomenal.
When you have more voters getting freebies (handouts) from the government than those paying taxes, you are doomed.
The "rich" now how to make money and manage it and if they need to move to maintain their wealth they will.
It's a sad, sad day for this nation.
The way to create revenue and raise taxes coming in is to create jobs. At the same tax rate more workers paying in taxes equal more tax money coming in. You can't keep raising the taxes on the fewer and fewer workers.
AMEN OTIS & D!!!!!!!!!!!!!!
if all of workers were able to use theses big loop holes the wealthy do we would all have more money. How many wealthy ones pay as much in taxes as the middle class ?
I find it astounding how stupid people can be on this matter, simply put , if you penalize the job creators the "rich" they stop hiring . I figured that out when I was eighteen. Everyone needs to get prepared for hyper inflation because it is coming as surely as day follows night. America born 1776, severly wounded 2008 died 2012..
Clinton didn't increase taxes. All survived. Quit hating the rich. They worked for it. You work, you have money period!! Raise taxes you take home less, simple. Rich have same tax table we go by. They help keep government and medicaid alive. Don't kill the golden goose. Just how many you thing in government will pay higher taxes. The honest ones will, find some honest ones. I don't believe in compromising. That is like they gave up. We need to keep what little we have. That will be gone after also. Beware.
Decatur Daily, Please hire Otis to write for you. He made more sense in two comments than your paper has in two years.