Obama seeks higher taxes for wealthy and corporations

11/13/2012 | Washington Post, The · CNN · Hill, The

President Barack Obama will open negotiations with congressional Republicans aimed at averting the "fiscal cliff" with a proposal that the rich and corporations pay $1.6 trillion in additional taxes during the next decade, White House officials said. That is twice as much as House Speaker John Boehner agreed to during talks with the Obama administration last year.

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Washington Post, The · CNN · Hill, The

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