Sun, Nov 11, 2012 - Page 7 News List

Obama digs in on higher taxes

‘FISCAL CLIFF’:US President Barack Obama on Friday insisted his re-election gave him a mandate to raise taxes on the wealthy, but said he could compromise on other issues


Obama says he is willing to talk about changes to government-funded medical insurance for the poor and elderly, earning him the ire of the left.

Boehner says he will accept raising tax revenue and not just slashing spending, although he insists it must be done by reworking the tax code, not raising rates. The framework, at least, is there for a broad deal on taxes.

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