Obama Won't Extend Bush Tax Cuts Again: Pledge To House Dems

WASHINGTON -- In a meeting with House Democrats on Thursday, President Obama stressed that his administration would draw a firm line on taxes and revenues both in the deficit- and debt-reduction debates and in the buildup to the 2012 elections. According to multiple meeting attendees, the president reiterated on several occasions that a deal to raise the country's debt ceiling would include revenue increases, even as Republican lawmakers insist that such a deal should be restricted to spending cuts and entitlement reforms.

Topics:  i   house democrats   bush tax cuts   obama   deal   revenues   
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