Posted: Nov 10, 2012 8:44 AM by Associated Press
WASHINGTON (AP) - President Barack Obama says he won't accept a plan to avert the so-called fiscal cliff that doesn't ask the wealthy to pay more in taxes.
In Saturday's radio and Internet address, Obama says the election showed support for his "balanced" approach and Congress can provide certainty by extending tax cuts for middle-class families.
House Speaker John Boehner says in the Republican address Congress should not raise tax rates on Americans and instead focus on closing tax loopholes, lowering rates and fixing entitlement programs. Boehner says he is hopeful the two sides can come up with an agreement that would pass Congress.
The White House says Obama would veto any legislation extending tax cuts for families making $250,000 or more.
Obama is expected to meet with congressional leaders next week.
Click here to submit a news tip to us!
Become a Facebook Fan!
Help those in need this holiday season
Win! Win! Win!
Wise Local Marketing!
Get news, weather and more on your smartphone and tablet!
Get texts for news, traffic, deals and more!
Sign up on KVOA.com for newsletters, exclusive deals, and more!
What's happening on News 4 @ 4
Stories and videos with Kristi's Kids
Check out the latest events FC Tucson has scheduled.
Let us help grow your business
Digital Channel 4.2
What's on KVOA and when!
Contact info for our department heads
KVOA's on air personalities!
Work at News 4 Tucson
Complete feeds of all KVOA.com stories
FCC Public File of Records, Reports, and More