President Barack Obama makes an opening statement during his news conference, Wednesday in the East Room of the White House in Washington. Obama said the economy cannot afford a tax increase on all Americans and is calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.
President Barack Obama makes an opening statement during his news conference, Wednesday in the East Room of the White House in Washington. Obama said the economy cannot afford a tax increase on all Americans and is calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.
Photo by Associated Press /Chattanooga Times Free Press .
published Wednesday, November 14th, 2012
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WASHINGTON — President Barack Obama challenged congressional Republicans Wednesday to let taxes rise on the wealthiest Americans on both economic and political grounds, noting he campaigned successfully for re-election on the point and contending it would instantly ease the threat of the “fiscal cliff” plunging the nation back into recession.

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