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Media Text Analysis
GOP resists Obama’s call for tax hikes on wealthy http://www.nypost.com/p/news/national/hell_no_eekqEcGlY09IuRsTsDaEAI By GERRY SHIELDS and S.A. MILLER
Last Updated: 5:47 AM, November 16, 2012
Posted: 2:14 AM, November 16, 2012
WASHINGTON — Hell, no!
Top Senate Republicans yesterday bucked President Obama’s call to soak the rich with higher taxes on the eve of a critical White House meeting today over the economy with the top four congressional leaders.
The senators slapped back at Obama’s brazen statement on Wednesday that the GOP must march in lockstep with him to raise taxes on the wealthy — to avoid the so-called fiscal cliff — because he won the election. Sen. John Cornyn (R-Texas), recently elected the No. 2 Republican in the chamber, had a one-word response to Obama’s demand: “No.”
“The president is over-reading his mandate. He ran a better campaign than Mitt Romney. That’s the only mandate,” Cornyn said. “It’s time to pivot away from campaigning and start governing.”
The talks today are the first of a series of crucial exchanges between the parties as the nation hurdles toward the fiscal cliff of $700 billion in automatic tax increases and spending cuts that go into on Jan. 1 unless Obama and Congress reach a debt-reduction compromise.
Economic analysts contend the combination of massive tax hikes and spending cuts will wreck the economy and result in a recession.
Obama wants to let the Bush-era tax cuts for those making over $250,000 expire, and has planted his feet firmly on a stance he campaigned on. Republicans have talked in conciliatory tones, but remain steadfast in their positions that the Obama demand on raising tax rates is a deal breaker.
Media Text Analysis
Senate Minority Leader Mitch McConnell (R-Ky.), who will be at the White House confab today, blasted Obama on the Senate floor yesterday. He said Obama is listening to extremists on the left who want the country to go over the fiscal
GOP resists Obama’s call for tax hikes on wealthy http://www.nypost.com/p/news/national/hell_no_eekqEcGlY09IuRsTsDaEAI By GERRY SHIELDS and S.A. MILLER
Last Updated: 5:47 AM, November 16, 2012
Posted: 2:14 AM, November 16, 2012
WASHINGTON — Hell, no!
Top Senate Republicans yesterday bucked President Obama’s call to soak the rich with higher taxes on the eve of a critical White House meeting today over the economy with the top four congressional leaders.
The senators slapped back at Obama’s brazen statement on Wednesday that the GOP must march in lockstep with him to raise taxes on the wealthy — to avoid the so-called fiscal cliff — because he won the election. Sen. John Cornyn (R-Texas), recently elected the No. 2 Republican in the chamber, had a one-word response to Obama’s demand: “No.”
“The president is over-reading his mandate. He ran a better campaign than Mitt Romney. That’s the only mandate,” Cornyn said. “It’s time to pivot away from campaigning and start governing.”
The talks today are the first of a series of crucial exchanges between the parties as the nation hurdles toward the fiscal cliff of $700 billion in automatic tax increases and spending cuts that go into on Jan. 1 unless Obama and Congress reach a debt-reduction compromise.
Economic analysts contend the combination of massive tax hikes and spending cuts will wreck the economy and result in a recession.
Obama wants to let the Bush-era tax cuts for those making over $250,000 expire, and has planted his feet firmly on a stance he campaigned on. Republicans have talked in conciliatory tones, but remain steadfast in their positions that the Obama demand on raising tax rates is a deal breaker.
Media Text Analysis
Senate Minority Leader Mitch McConnell (R-Ky.), who will be at the White House confab today, blasted Obama on the Senate floor yesterday. He said Obama is listening to extremists on the left who want the country to go over the fiscal