President Obama is preparing to negotiate with congressional Republicans over the 'fiscal cliff' by proposing a $1.6 trillion tax increase on corporations and the wealthy. This proposal is part of his budget plan to reduce borrowing by $4 trillion over the next decade. The plan includes raising taxes, cutting healthcare spending, and ending wars in Iraq and Afghanistan. Republicans have expressed skepticism and proposed alternative solutions, but public opinion is largely in favor of Obama's approach.
documents/EFTA01113892.pdf
{}