Daily Political Wire

George Wenschhof

Obama Stands Firm On Raising Taxes For Upper 2% - in response to the Republican proposal received yesterday, President Obama said the arithmetic does not add up unless there is a increase in taxes for the 2% who earn more than $250,000 annually.  You can read more here.

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57% Support Clinton for President in 2016 - in the latest poll by ABC News/Washington Post.  The survey also showed 68% approved of her work as Secretary of State.  Hillary Clinton will be stepping down from her role as Secretary of State early next year.  You can read more here.

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Obama Tells Business Leaders Holdup is John Boehner - during a televised roundtable with business leaders, President Obama said House Speaker John Boehner's refusal to allow tax hikes for the upper 2% of wage earners is holding back a deal on the "fiscal cliff".  You can read more here.

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Will House Republicans Pass Middle Class Tax Extension?  a parliamentary move by House Minority Leader Nancy Pelosi to pass an extension of tax cuts for all but the upper 2% may be receiving support from some Republicans.  The bill was already passed by the Senate.  Even, if the "fiscal cliff" negotiations fail, this would prevent any major damage to the economy. You can read more here.

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Record $6 Billion Spent in 2012 Campaign - Campaign Finance Reform Needed, speculation is beginning on whether campaign finance reform will take place after the incredible amount spent on the 2012 campaign is likely to be exceeded in 2016.

“The perceived great Republican advantage of having all this outside money didn’t, in fact, produce the expected results,” said Potter, a former Federal Election Commission chairman. “That opens up the possibility for changes.”  You can read more here.

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