Breaking: Obama Makes Fiscal Cliff Counteroffer, Tax Hikes On Income Above $400K... | Weasel Zippers
(Politico) - President Barack Obama has proposed raising tax rates on income above $400,000 - up from $250,000 - as part of a counteroffer to House Speaker John Boehner aimed at reaching a deal to avert the fiscal cliff, according to a source familiar with the talks.
Well, at least he's made a counter offer. That's how you negotiate. Now the ball is in the Republican's court.