The White House has repeatedly addressed the fiscal cliff -- a slew of expiring tax cuts and deep spending cuts set to go into effect at the beginning of 2013 -- as it pertains to middle-class individual households and income earners. The move is likely the president's attempt to gain as much support of the various details in his specific budget plan before Republicans make an anticipated push for their own concessions.
This does not suggest, however, that the president is unwilling to compromise, as markets jumped last week on preliminary feedback that opening discussions were constructive between Democrats and Republicans.
-- Written by Joe Deaux in New York.
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