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TheStreet Open House

Obama To Appeal To Public On Fiscal Cliff

KEN THOMAS

WASHINGTON (AP) â¿¿ President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff, traveling to the Philadelphia suburbs Friday as he pressures Republicans to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.

The White House said Tuesday that the president intends to hold a series of events aimed at building support for his approach to avoid across-the-board tax increases and steep spending cuts in defense and domestic programs. Obama will meet with small business owners at the White House on Tuesday and with middle-class families on Wednesday.

Obama's strategy is two-fold: Negotiate behind closed doors with Republicans while taking his agenda outside the Beltway only weeks after winning re-election. The president's visit to a small business in Hatfield, Pa., that makes parts for a construction toy company will cap a week of public outreach as the White House and congressional leaders seek a way to avoid the tax increases and spending cuts scheduled to take effect Jan. 1.

Obama's tactics were quickly panned by Senate Republican leader Mitch McConnell, who said Tuesday that "rather than sitting down with lawmakers of both parties and working out an agreement, he's back out on the campaign trail, presumably with the same old talking points we're all familiar with."

"If the president wants a solution to the challenges of the moment, the people he needs to be talking to are the members of his own party, so he can convince them of the need to act," McConnell, R-Ky., said.

Both sides warn the so-called fiscal cliff could harm the nation's economic recovery, but an agreement still appears far from assured. The White House and congressional Republicans have differed on whether to raise revenue through higher tax rates or by closing tax loopholes and deductions.

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