Obama blames Republicans for fiscal cliff

Written By Unknown on Minggu, 30 Desember 2012 | 22.33

US President Barack Obama has blamed a Republican refusal to raise taxes on the rich for the "fiscal cliff" crisis as top lawmakers haggled in a desperate end-of-year search for a stop-gap deal.

Obama slammed foes in Congress as the clock ticked down to an automatic avalanche of tax hikes and slashing spending cuts coming into force on Tuesday, which could throw the US economy back into recession and roil world markets.

"Now the pressure's on Congress to produce," Obama said in an interview with NBC's Meet the Press broadcast on Sunday but recorded Saturday. He barely concealed his anger that Republicans have refused what he sees as a reasonable compromise.

"So far, at least, Congress has not been able to get this stuff done," he added. "Not because Democrats in Congress don't want to go ahead and co-operate."

Obama said it had been "very hard" for top Republican leaders to accept that "taxes on the wealthiest Americans should go up a little bit, as part of an overall deficit reduction package".

The president's remarks did not seem to hint that a deal that would set tax policy and chart deficit cutting measures in the long term was imminent.

As Obama's interview was broadcast, top Republican and Democratic leaders in the Senate groped for a scaled back plan that would stop taxes going up on the middle class on Tuesday but leave most big budget questions unanswered.

Senate Democratic Majority Leader Harry Reid and Republican Minority Leader Mitch McConnell would have to seal a deal by mid-afternoon on Sunday for there to be time to get votes passed through the Senate and the House by January 1.

Obama has demanded a vote on his fallback plan - a bare bones effort to save the middle class from a tax hike and to extend unemployment insurance, if no deal is done.

That would leave Republicans with the unpalatable political choice of being seen to block a bid to ease the tax burden on the middle class.


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