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President Obama, claiming his election "majority" was a vindication of his fiscal policy, held firm Friday to his intention to include tax hikes for America's top earners in any negotiations with Congress to pull the nation back from the so-called "fiscal cliff."
The president, in his first remarks from Washington since winning a second term, urged officials to "get to work" on the issue as he invited congressional leaders to the White House next week. He said he's open to "compromise," but did not appear to budge on what has been a central disagreement over the last two years -- whether to extend the Bush-era tax rates for everyone, or to let them lapse for households making more than $250,000.
"I refuse to accept any approach that isn't balanced," Obama said Friday. "This was a central question during the election ... and on Tuesday night, we found out that a majority of Americans agree with my approach."
Obama holds firm to tax hikes as he invites Hill leaders to talks on 'fiscal cliff'