President Barack Obama today
announced that a deal to avert billions of dollars of tax increases that
will kick in at midnight is 'within sight, but it's not done yet.'
He lamented that he and Congress were unable to reach a 'grand deal' to tackle the debt and reform the tax code - but said he would settle for a plan to stop taxes from going up on all but the richest Americans.
'Our most immediate priority is to prevent taxes from going up on middle class families tomorrow. I think that is a modest goal we can accomplish,' he said.
He lamented that he and Congress were unable to reach a 'grand deal' to tackle the debt and reform the tax code - but said he would settle for a plan to stop taxes from going up on all but the richest Americans.
'Our most immediate priority is to prevent taxes from going up on middle class families tomorrow. I think that is a modest goal we can accomplish,' he said.
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