(Washington Times) While he now demands that higher tax rates for the wealthy must be part of a “fiscal cliff” deal, President Obama took a very different line just over a year ago in the last major clash with Congress over a long-term budget deal.
In comments Republicans on Capitol Hill are highlighting, Mr. Obama argued in the summer of 2011 that the government could raise more than $1 trillion in revenue without increasing tax rates paid by the rich — something the president now contends is mathematically impossible.
