Geithner noted that Obama is offering the debt reduction deal he campaigned on, including an elimination of the George W. Bush tax cuts for Americans who make more than $250,000 a year.
Republicans say they will agree to more government revenues through elimination of tax loopholes, but not through an increase in tax rates they say will slow the economy.
Read more -- http://www.usatoday.com/story/theoval/2012/12/02/obama-tim-geithner-boehner-fiscal-cliff/1740585/
All American Investor
Original content Bob DeMarco, All American Investor