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Obama again urges middle-class tax cuts

NEW YORK — President Barack Obama and House Speaker John Boehner on Saturday repeated their willingness to work for a bipartisan agreement to avert $607 billion in mandatory cuts and tax increases slated to begin early next year.

If the United States is serious about reducing the deficit, "we have to combine spending cuts with revenue — and that means asking the wealthiest Americans to pay a little more in taxes," Obama said in his weekly address, reiterating a stance made often during his re-election campaign.

Calling on Congress to pass the middle-class tax cuts for 98 percent of Americans, the president said since both parties agree on it, there's no reason to wait.

Delivering the weekly Republican address, Boehner, an Ohio Republican, voiced support for a bipartisan effort to avert the "fiscal cliff," but pointed to "entitlement" programs that Boehner termed the primary driver of the nation's increasing deficit.

Obama again urges middle-class tax cuts 11/10/12 [Last modified: Saturday, November 10, 2012 8:08pm]
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