New Republic: Obama Finally Drew The Line

Source: NPR Posted By: lalita S...4901 days ago

Two interesting developments emerged Friday. The first is that the Grand Bargain appears dead. Interestingly, and contrary both to public reports and the tenor of President Obama's press conference, Obama himself drew a line. The two sides had at some point discussed a deal that would raise $800 billion in revenue over the next decade — a terrible deal, no more than Obama would gain by fulfilling his promise to veto more Bush tax cuts for income over $250,000 a year. The two sides dispute the degree....

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