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Barack Obama hints at tax rises after US debt bill goes through Senate | World news | The Guardian
US president refuses to rule out tax rises for wealthiest Americans as he prepares to sign debt limit bill into law
Good luck with that. May be a case of "too little, too late" as far as his party and supporters go.
US president refuses to rule out tax rises for wealthiest Americans as he prepares to sign debt limit bill into law
Barack Obama came out fighting in an attempt to undo the damage to his reputation caused by the long-running debt stand-off, and pacify Democrats who feel betrayed by the deal that will result in spending cuts totalling trillions of dollars.
The president, who turns 50 tomorrow, faces a tough re-election fight next year. He needs not only to win back such disaffected Democrats, but also to get them out to campaign for him and vote in their droves, as they did in 2008.
Speaking minutes after the Senate joined the House in approving the deal to prevent the US going into default, Obama offered an olive branch by putting tax rises back on the table.
Good luck with that. May be a case of "too little, too late" as far as his party and supporters go.