Obama taxes the wealthy
President Barack Obama says raising taxes on wealthiest Americans must be part of deficit reduction plan, but says he is "open to compromise" and "new ideas."
Obama says he will refuse to accept any approach that "isn't balanced."
Obama says in his first comments since the election that Congress should pass a bill that would prevent Bush-era tax cuts from expiring for all but the wealthiest Americans.
He says lawmakers from both parties need to work together to tackle the nation's fiscal problems.
The president says he is inviting congressional leaders of both parties to the White House next week for talks on how to avoid the so-called fiscal cliff, as the automatic spending cuts and tax hikes are known.
Lawmakers face a Jan. 2 deadline to reach an agreement.
Read more Business News
- Someone is a 'Maxmillionaire' in VernonVernon / N. Okanagan - 3:41 pm
- Measles outbreak in Fraser Valley BC - 3:23 pm
- Missing snowmobilersCentral Okanagan - 7:35 am
- Grow-op garage fireKelowna - 9:08 am
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...