President obama and congress to agree on avoiding a combination of higher taxes and Government Spending cuts, the president today said he wont extend tax cuts for people who dont need them. That hard line came during a White House Press conference just as a negotiations with Republican Leaders get underway to avoid the fiscal cliff. As darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. Reporter just two days before he meets with congressional leaders, the president took a tougher tone on budget talks. In his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than 250,000 a year. And by the way, that means every american, including the wealthiest americans get a tax cut. It means that 98 of all americans, and 97 of all Small Businesses wont see their taxes go up a single dime. The senate has already passed a law like this. Democrats in the house are ready
Tom with 47 days left for president obama and congress to agree on avoiding a combination of higher taxes and Government Spending cuts, the president today said he wont extend tax cuts for people who dont need them. That hard line came during a White House Press conference just as a negotiations with Republican Leaders get underway to avoid the fiscal cliff. As darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. Reporter just two days before he meets with congressional leaders, the president took a tougher tone on budget talks. In his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than 250,000 a year. And by the way, that means every american, inuding the wealthiest americans get a tax cut. It means that 98 of all americans, and 97 of all Small Businesses wont see their taxes go up a single dime. The senate has already passed a law like this. Democrat
Reporter just two days before he meets with congressional leaders, the president took a tougher tone on budget talks. In his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than 250,000 a year. And by the way, that means every american, including the wealthiest americans get a tax cut. It means that 98 of all americans, and 97 of all Small Businesses wont see their taxes go up a single dime. The senate has already passed a law like this. Democrats in the house are ready to pass a law like this and i hope republicans in the house come on board too. Reporter republicans said again they would be willing to raise more tax revenue by closing loopholes or limiting deductions. But those revenues had to be matched with cuts in entitlement programs. Until you make our entitlement programs fit the future demographic of country, the demographics of our country, you cant possibly solve our Long Term Debt and deficit problems. Reporter the president d
Congressional leaders, the president took a tougher tone on budget talks. In his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than 250,000 a year. And by the way, that means every american, including the wealthiest americans get a tax cut. It means that 98 of all americans, and 97 of all Small Businesses wont see their taxes go up a single dime. The senate has already passed a law like this. Democrats in the house are ready to pass a law like this and i hope republicans in the house come on board too. Reporter republicans said again they would be willing to raise more tax revenue by closing loopholes or limiting deductions. But those revenues had to be matched with cuts in entitlement programs. Until you make our entitlement programs fit the future demographic of country, the demographics of our country, you cant possibly solve our Long Term Debt and deficit problems. Reporter the president did rule out some ideas today. He rejected so
Time. Walmart has been threatened with protests by its employees. The company filed a complaint with the National Labor Relations Board hoping to stop the demonstrations, but the board wont rule on it before tomorrow. Diane eastabrook looks at the personal price of thanksgiving day store hours. Reporter this is the calm before the storm at a chicago toys r us. Manager danny soro thinks up to 10,000 shoppers will descend on the store when it opens thanksgiving evening, forcing his 300 employees to cut short their holiday. We open at 8 00 and were expecting lines to start from 5 pm to go pretty much throughout the plaza. Reporter walmart, kmart, and sears are also opening tomorrow at 8pm; targets opening at 9 00pm. And while opening on turkey day is expected to mean big business for retailers, its ruffling the feathers of many employees who wont get paid overtime to work the holiday. I feel very frustrated about this situation. Reporter walmart associate charmaine givens is scheduled to