[Video] Tax Hikes Remain Obama’s Position

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White House press secretary Jay Carney said President Barack Obama is holding his current position of raising taxes on families making over $250,000 per year, dismissing questions about House Speaker John Boehner’s offer to increase rates on households earning over $1 million per year.

“I won’t comment on specific reported proposals or counter proposals on internal conversations between the president and the speaker or the president’s team and the speaker’s team or with other members of leadership,” Carney said at the White House press briefing on Monday.

“The president’s insistence that rates need to go up on the top 2 percent was based on an economic reality, which is that in order to achieve a broad deficit reduction package that puts our economy on a sustainable fiscal path in the future, a certain level of revenue gleamed from the wealthy has to be met and the only way to do that was through in part rates raising, that remains his position.”

Republican leaders argue that rates rising on families making over $250,000 would only fund about a week of government spending.

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