90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Friday, November 9, 2012

Obama: Americans Agree With My Approach On Deficit

President Barack Obama, accompanied by Vice President Joe Biden, gestures as he speaks about the economy and the deficit, in the East Room of the White House on Friday in Washington. (Pablo Martinez Monsivais/AP)

President Barack Obama, laying down his marker for grueling “fiscal cliff” negotiations, said Friday he won’t accept any approach to federal deficit reduction that doesn’t ask the wealthy to pay more in taxes.

“This was a central question during the election,” Obama said in his first postelection comments on the economy. “The majority of Americans agree with my approach.”

Following up, Obama’s spokesman said later that the president would veto any legislation extending tax cuts for families making $250,000 or more.

The president, speaking in the White House East Room, said he wasn’t wedded to every detail of the plans he outlined during the election, adding, “I’m open to compromise.” But he offered no indication that he was willing to back down.

Republicans stood their ground. At the Capitol, Republican House Speaker John Boehner said he remains unwilling to raise tax rates on upper-income earners. But he left open the possibility of balancing spending cuts with new revenue that could be achieved by revising the tax code to lower rates but also eliminate some tax breaks.

Obama said he had invited congressional leaders of both parties to the White House next week for their first postelection negotiations. Their assignment: avert the “fiscal cliff” tax increases and automatic spending cuts due to hit in January. Both parties agree that those changes, the result of failed deficit-cut talks earlier this year, could send the economy back into recession.

Guest:


Other stories from Friday's show
Please follow our community rules when engaging in comment discussion on this site.
  • Mtoldman33

    Hold that line. Let John Boehner lead his lemmings over the cliff so that the people understand that the Norquist followers could care less about them.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

August 19 4 Comments

Abandoned Homes In Buffalo, N.Y. Selling For $1

Instead of tearing the homes down, city officials are selling them for $1, as part of the "Urban Homestead Program."

August 19 Comment

A Look At U.S. Military Options In Iraq

Retired Admiral William Fallon, who was head of United States Central Command during the Iraq War, discusses the current conflict.

August 18 37 Comments

More Americans Are Flocking To The South

A New York Times interpretation of census data finds the South is seeing significant in-migration for the first time.

August 18 10 Comments

As Pot Laws Relax, Restrictions On Research Still Tight

The firing of a University of Arizona doctor highlights the complexity and politics of marijuana research.