President Obama vows to press ahead on fiscal cliff solution

WASHINGTON (AP) - President Barack Obama says he'll press ahead with Congress to prevent across-the-board tax increases set to strike taxpayers Jan. 1 after House GOP leaders unexpectedly put off a vote on legislation calling for higher rates on million-dollar earners.

House Speaker John Boehner conceded Thursday night that the measure did not have sufficient support from Republicans to pass.

At the White House, Press Secretary Jay Carney said Obama's main priority was to ensure that taxes don't go up on what he said would be 98 percent of Americans and 97 percent of small businesses.

Carney's statement didn't say whether Obama would work to revive stalled talks with the Ohio Republican or turn to the Democratic-controlled Senate to try to salvage the situation.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 184401811