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Obama: 'I Won't Compromise' on Taxes

The tax will raise all Americans without bipartisan congressional intervention in 23 days. President Obama and House Republicans appeared to break the deadlock "fiscal cliff, small brand in the cold." The two sides continue to dispute over the and how handling tax rate of 2% income bracket, and the national debt ceiling. In his weekly radio address, Obama said he hoped an immediate solution, but if the Republicans agree to raise the top rate of personal income above $ 200,000. "If we are to seriously reduce our deficit, and also to invest in our economic growth is very important, such as education and research - and protecting the middle class families, if we are serious - then we will also have to ask the most the wealthiest Americans to pay higher tax rates, "he said. "This is a matter of principle, I will not compromise. "After all, this is a core issue in the election," Obama added, alluding to the fact that he won. Learn more: White House details "Doomsday" budget cuts After the the same Republicans control the House of Representatives election, still have the right to resolve on the richest Americans, in order to prevent the rise in interest rates. "The tax increase can not solve our $ 16 trillion worth of debt. Said:" Only economic growth and social rights reform will help control the debt, Florida Senator Marco Rubio in the Republican weekly radio speech. "We must reform the complex and uncertain, the work of anti-tax code to get rid of the unreasonable loophole," Rubio said. "But our goal should be to create new revenue to create a new taxpayer levy new taxes." Learn more: slash federal agencies support the "Red Cliff" Obama wants income individuals and annual household income of more than $ 200,000 a year in the $ 250,000 or more, and retain permanent authority to require credit underwriting government spending to raise interest rates. Republicans want to extend the current tax rates for at least a year, and retain control over whether to expand the government's purse. These issues are part of the negotiations, in order to avoid the automatic deep spending cuts and full board plus tax package will kick in Jan. 2, unless lawmakers can reach an alternative deficit reduction plan. Failed to reach a compromise on the thrust of the U.S. economy back into recession, economists said. READ: "Red Cliff" to cut the Pentagon to start planning The two sides agreed on the need to expand the current income tax rate of 98% of Americans, middle class tax cuts decoupling from a wider package of legislation, but Republicans oppose. "We're just waiting for the Republicans in the House of Representatives," Obama said. Earlier this year, the Senate passed the one to extend the tax cuts for the middle class. "But so far, they have proposed an unbalanced plan actually reduces the price of the richest Americans, if we want to protect the middle class, the math just does not work." House Speaker John Boehner challenged Obama's reasons. "There are a lot of things are likely to seek the presidency in revenue on the table," he said Friday. "But it will be possible [IF] President stood his ground and insisted," I walk my, '" Between Obama and Boehner, negotiations on these two principles in any potential transaction no planned meeting, according to aides. Two last speech last Thursday, Boehner described as "pleasant", but "just more of the same conversation."


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