President Barack Obama left open Wednesday the possibility of more tax increases for the wealthy in 2013, beyond his proposal to increase tax rates on income over $250,000.
The president was promoting at the White House event a deal in the short-term to extend the Bush tax rates on income below $250,000 -- an effective tax hike for high earners, with those rates returning to Clinton-era levels.
Obama then left open more tax increases for the wealthy in a 2013 comprehensive reform bill.
"(A deal now) would give us more time next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way--including asking the wealthiest Americans to pay a little more," Obama said.
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