Reaching agreement with Congress to avoid the fiscal cliff—across-the-board tax increases and spending cuts—is critical to prevent cuts to investments in basic research and education, President Obama told reporters this week. Touting his plan to raise taxes on Americans who make more than $250 000, Obama said at a 14November press conference that the automatic budget cuts and tax increases that are due to take effect on 2January can be avoided in a way "that does not hurt middle-class families; that does not hurt our seniors; doesn't hurt families with disabled kids; allows us to continue to invest in those things that make us grow like basic research and education, [and] helping young people afford going to college."
And that's a damn shame. To read more, click here.
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