Higher Taxes Matter More to Obama Than UI

Job seekers wait in line to see employers at a National Career Fairs' job fair in New York / AP

Without an extension of unemployment insurance as part of a fiscal cliff compromise, more than 2 million Americans, or roughly 43 percent of those receiving unemployment benefits, will lose Emergency Unemployment Compensation (EUC) benefits at the end of the year, according to a report from the Department of Labor.