President Obama and John Boehner are both heavily involved in negotiations regarding tax increases and the looming fiscal cliff.
Boehner has made his first concession on the topic, proposing that taxes on millionaires can rise as long as the increase is accompanied by spending cuts, entitlement cuts and tax reform.
Obama, on the other hand, firmly holds that taxes should increase for those making $250K and over.
Though the rift between the two sides is certainly wide, Fiscal Cliff negotiations seem to be gaining true momentum. The subject is open to discussion and common ground can eventually be reached.
Still, Boehner’s spokesperson stated: “The lines of communication remain open, but there is no agreement, nor is one imminent.”
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