Thursday, December 6, 2012

Obama not budging on taxes in fiscal cliff negotiations with GOP

Speaker John Boehner and U.S. President Barack Obama. PHOTO/Saul Loeb/AFP/Getty Images

President Barack Obama and Republicans crept closer to negotiations on avoiding a recession-threatening package of automatic tax increases and spending cuts, but the White House reaffirmed it would not budge on demands for higher taxes on the wealthy.

With a new AP-GFK poll showing clear support for Obama's position and dwindling backing for cutting government services to curb the climbing U.S. budget

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