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, R-Ohio, agreed to during talks with the Obama administration last year.

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Washington Post, The · CNN · Hill, The

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