Score one for President Obama, House Speaker John Boehner admits the rich will have to pay higher taxes. According to CNN, Boehner conceded on Wednesday in challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff. “President Obama, however, continued to insist on Republicans first ensuring no tax hike for anyone but the top 2% of Americans as a first step toward a broader agreement on tackling the nation’s chronic federal deficits and debt.The statements reflected how negotiations on the automatic spending cuts and tax hikes set to occur on January 1.”
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Janet Shan is a freelance journalist and managing editor of the Hinterland Gazette, who is working on her first novel, a mystery based in the hills on Montego Bay.