Fiscal Cliff: White House declares victory

DONOVAN SLACK
politico.com
January 1, 2013

The White House issued a “fact sheet” statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure.

“At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the statement says. “For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.

“This means millionaires and billionaires will pay their fair share to reduce the deficit through a combination of permanent tax rate increases and reduced tax benefits.”

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This article was posted: Tuesday, January 1, 2013 at 11:21 am

Tags: domestic news, economics

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