Obama Says No Deal Without Tax Rate Increase on the Rich

Name: Obama Says No Deal Without Tax Rate Increase on the Rich
Uploaded: 2012-12-04T22:00:00Z
Duration: P298S
Description: President Obama said there would be no budget deal unless Republicans agreed to tax increases for the wealthiest Americans. Meanwhile, Republicans say their plan would close tax loopholes without rate hikes. Kwame Holman reports on the impasse to avert an economic plunge triggering automatic spending cuts and tax increases.

Clip: 12/04/2012 | 4m 58s

President Obama said there would be no budget deal unless Republicans agreed to tax increases for the wealthiest Americans. Meanwhile, Republicans say their plan would close tax loopholes without rate hikes. Kwame Holman reports on the impasse to avert an economic plunge triggering automatic spending cuts and tax increases.

Aired: 12/04/12

Rating: NR

Problems Playing Video? | Closed Captioning

Major corporate funding for the PBS NewsHour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer …

Major corporate funding for the PBS NewsHour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and American Cruise Lines. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.

Support provided by:

Obama Says No Deal Without Tax Rate Increase on the Rich

More News and Public Affairs Shows