WASHINGTON — President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff, traveling to the Philadelphia suburbs Friday as he pressures Republicans to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.
The White House said Tuesday the president intends to hold a series of events aimed at building support for his approach to avoid across-the-board tax increases and steep spending cuts in defense and domestic programs. Obama will meet with small-business owners at the White House on Tuesday and with middle-class families today.
Obama's strategy is two-fold: Negotiate behind closed doors with Republicans while taking his agenda outside the Beltway only weeks after winning re-election.
Obama's tactics were quickly panned by Senate Republican leader Mitch McConnell, R-Ky., who said Tuesday that rather than sitting down with lawmakers of both parties and working out an agreement, he's back out on the campaign trail, presumably with the same old talking points we're all familiar with.
Both sides warn the so-called fiscal cliff could harm the nation's economic recovery, but an agreement still appears far from assured. House Speaker John Boehner, R-Ohio, has pushed for raising additional revenue through the reducing of tax loopholes instead of raising tax rates on wealthy Americans and Republicans have said Democrats need to come up with cuts in entitlement programs like Social Security and Medicare.
The White House has countered that the president will not sign legislation that extends current tax rates for the top 2 percent of income earners, or those households with incomes over $250,000.