WASHINGTON (AP) — During his visit to the Philadelphia area today, President Barack Obama is planning on insisting on higher taxes for the top two percent of earners. That's according to White House officials, who say Obama will cast Republicans as an obstacle to a deal that would avoid the "fiscal cliff" of tax increases and spending cuts.
Republicans have said they are open to new tax revenue, but not higher tax rates.
White House officials believe today's trip will build momentum for the president's case, even as Republicans say it stands in the way of productive talks.
Obama is speaking at a manufacturing facility that he will showcase as an example of a business that depends on middle-class consumers during the holiday season.
The trip comes a day after Treasury Secretary Timothy Geithner (GYT'-nur) met privately with congressional leaders. Geithner presented a proposal calling for $1.6 trillion in higher taxes over ten years, and immediate spending to help the unemployed and struggling homeowners. It includes plans for legislation in 2013 aimed at saving $400 billion over 10 years from Medicare and other benefit programs.
But House Speaker John Boehner (BAY'-nur) says many Democrats still don't want to make what he calls "sensible spending cuts."
162-c-22-(Mark Smith, AP White House correspondent)-"without congressional approval"-AP White House Correspondent Mark Smith reports President Obama has sent Congress a detailed proposal for avoiding the so-called "fiscal cliff." (30 Nov 2012)
<<CUT *162 (11/30/12)>> 00:22 "without congressional approval"
163-c-20-(Mark Smith, AP White House correspondent)-"must go up"-AP White House Correspondent Mark Smith reports Republican leaders are rejecting the president's plan out of hand. (30 Nov 2012)
<<CUT *163 (11/30/12)>> 00:20 "must go up"
APPHOTO DCSA111: House Speaker John Boehner of Ohio speaks to reporters on Capitol Hill in Washington, Thursday, Nov. 29, 2012, after private talks with Treasury Secretary Timothy Geithner on the fiscal cliff negotiations. Boehner said no substantive progress has been made between the White House and the House" in the past two weeks. (AP Photo/J. Scott Applewhite) (29 Nov 2012)
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APPHOTO DCSA113: Senate Majority Leader Harry Reid of Nev., center, flanked by Sen. Charles Schumer, D-N.Y., left, and Sen. Patty Murray, D-Wash., gestures during a news conference on Capitol Hill in Washington, Thursday, Nov. 29, 2012, following a meeting with Treasury Secretary Timothy Geithner on the fiscal cliff negotiations. "We're still waiting for a serious offer from Republicans," Reid said. (AP Photo/J. Scott Applewhite) (29 Nov 2012)
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