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President Counters: $400,000 for Couples

House speaker has offered up millionaires in ‘fiscal cliff’ fight

December 18, 2012
By DAVID ESPO AP Special Correspondent , The Intelligencer / Wheeling News-Register

WASHINGTON - President Barack Obama has agreed to curtail future cost-of-living increases for recipients of Social Security and softened his demand for higher taxes at upper income levels as part of accelerating talks with House Speaker John Boehner to avoid a "fiscal cliff," people familiar with the talks said Monday.

 
 

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