President
Barack Obama, reapplying his re-election campaign theme of protecting
the middle class, heads to Pennsylvania on Friday suggesting that
Republicans could spoil Christmas by driving the country over the "fiscal cliff."
Diane Macdonald | Stockbyte | Getty Images
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The president's road trip, visiting a factory that makes Habro's [HAS
38.60
0.06
(+0.16%)
]
Tinkertoys, is infuriating Republicans, with House of Representatives
Speaker John Boehner calling it a "victory lap" Thursday as he rejected Obama's proposals to avoid the cliff, which is a combination of tax increases and spending cuts set to start taking effect in January.
But
Boehner confronts challenges not only from Democrats, but increasingly
from other Republicans, some of whom have advocated greater flexibility
than their leadership on Obama's demand that Congress approve tax
increases for the wealthy as well as extend tax cuts for the middle
class as part of a deal to avoid the cliff.
(Read More: What Is the Fiscal Cliff?)
Most Republicans oppose raising any tax rates.
While
Republicans are unhappy with the Obama's opening bid of deficit
reduction measures, drawn mostly from previous presidential budget
proposals, they are nervously eyeing the markets, as well as polls
indicating that the public is likely to blame Republicans if there is no
deal at year's end to avoid the tax increases and severe spending cuts
that economists say could tip the economy into a recession.
What
the president is doing, Republican Representative Lee Terry of Nebraska
told MSNBC on Thursday, "is setting us up to be the fall people for
going over the fiscal cliff. And, frankly, going over the fiscal cliff
is a win for the president. So either way, we're going to get it."
(Read More: Complete Coverage of the Fiscal Cliff)
Obama will visit a manufacturing facility in Hatfield, Penn., operated by The Rodon Group, a plastic-injection molding company that supplies, among other things, Tinkertoys and Angry Birds building sets for children.
"As
we move into holiday season, Democrats and Republicans should come
together to renew middle-class tax cuts so families have more certainty
at this critical time for our economy," the White House said in
announcing Friday's trip.
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