In a pre-taped interview with ABC News anchor Barbara Walters, President Barack Obama reiterated on Tuesday that he would not accept a deal to avert the the “fiscal cliff” that did not include raising taxes.
After Walters asked Obama to predict whether or not he was “gonna be able to raise taxes,” Obama told the veteran news anchor that, “Oh, taxes are gonna go up one way or another.”
“Oh, are they,” Walters said bemusedly.
“And I think the key is to make sure the taxes go up on high end individuals like you and me, Barbara – we can afford it.” Obama continued.
On Monday, Obama said in a speech at Daimler Detroit Diesel in Redford, Mich. that he “won’t compromise” on raising taxes on raising taxes on Americans he believes are rich.
The President is more or less correct that taxes are going up one way or another. Either the pre-negotiated sequestration will occur, and as a result taxes will go up on all Americans, or Republicans will agree to raise taxes on families making more than $250,ooo a year, because Obama has made it clear that he is not going sign legislation that does not include a tax hike of some sort.
Speaker of the House John Boehner has conceded that taxes are going to have to go up on the rich if Republicans want to save the majority of Americans from facing tax increases.
“We have got to cut spending and I believe it is appropriate to put revenues on the table,” Boehner told reporters last week. “Now, the revenues that we are putting on the table are going to come from guess who? The rich.”
It is not yet known what tax increases Republicans’ latest plan, which they sent to the President early Tuesday evening, includes and on whom the taxes would be levied and how much they would be expected to pay.
Obama seemed confident in the interview, which aired tonight on “World News with Diane Sawyer,” that he would be able to come to agreement with Republicans in Congress before the Jan. 1 deadline despite the fact that they do not seem anywhere close to making a deal.
“It is entirely possible for us to come up with a deal,” he said. “But time is running short.”