Obama has criticized Romney for proposing a 20 percent cut in marginal tax rates, arguing it would either lead to higher federal deficits or to higher taxes for the middle class. But Hassett indicated that if Romney and Congress were unable to find enough savings by eliminating tax loopholes and breaks to cover the lost revenue, the tax cut would be adjusted so it wouldn't be so steep.Obama officials say they are optimistic that they can reach a sweet spot of compromise that restrains deficits over time but is not so austere that it damages the recovery. Obama and his aides insist they will not simply buy time or agree to a short extension of all Bush-era tax cuts. Obama has said the election will help resolve the issue.
Econ Recovery Likely _ Benefiting Election Winner
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