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Obama Invites Congressional Leaders to White House for Fiscal Talks Obama Invites Congressional Leaders to White House for Fiscal Talks

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WHITE HOUSE

Obama Invites Congressional Leaders to White House for Fiscal Talks

With the fiscal cliff looming, President Obama on Friday invited congressional leaders to meet with him at the White House next week.

  • In his first statement since winning reelection, Obama called on Congress to let the Bush tax cuts expire for individuals earning over $200,000 per year and families earning over $250,000. “Let’s extend the middle-class tax cuts right now. Let’s do that right now,” Obama added.
  • The president said while he is "open to compromise," he will not accept a Republican plan that only contains spending cuts. "I refuse to accept any approach that isn't balanced," he told an East Room audience.
  • “On Tuesday night, we found out that the majority of Americans agree with my approach,” Obama said. “Our job now is to get a majority in Congress to reflect the view of the American people.”
  •  Obama also said he was encouraged to hear House Speaker John Boehner "agree that tax revenue has to be part of this equation, and I look forward to hearing his ideas when I see him next week."

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