Fiscal Cliff
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From the Left
Obama to open fiscal talks with plan to raise taxes on wealthyPresident Obama will begin talks with congressional leaders Friday with a plan to raise $1.6 trillion in new tax revenue from the wealthy  making clear that, at least the outset, a wide gulf remains between congressional Republicans and the White House on the most contentious point in the negotiations.
While Obama said last week he is not wedded to every detail of his previous proposals, the White
From the Right
Fiscal Cliff Deal Could Mean Capital Gains HikeWashington negotiations over the so-called fiscal cliff have made many investors nervous.
Congress and the White House must reach a deal before Jan. 1 to cut the deficit -- a deal that could include higher taxes on capital gains, dividends, and other investments.
Taxes on capital gains, including profits from stocks, could go from 15 to 25 percent, and taxes on dividends could go from 15 to 43 percent.
The
From the Left
Obama Hopes For Another Victory: Avoiding Fiscal CliffPresident Obama meets with labor leaders at the White House on Tuesday to discuss how to steer clear of the so-called fiscal cliff. It's the first of many meetings aimed at avoiding automatic tax increases and spending cuts at the beginning of the new year.
A week ago, the president proved again that he and his team are good at winning elections. The question now is whether he can translate victory at the ballot box to success in shaping policy.
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