After getting re-elected for the second term as the nation's President, Barrack Obama said raising taxes on higher income Americans was top priority on his economic agenda. However, the President maintains that he is willing to compromise with the Republican party, but warned "I refuse to accept any approach that isn't balanced," as reported by Fox News.
House Speaker John A. Boehner, also agreed that compromise was certainly a possibility and that once President Obama's plan meet his approval, it will likely get passed in the House as well.
"When the president and I have been able to come to an agreement, there has been no problem getting it passed here in the House," as reported by the New York Times.
Never the less, raising taxes on high-income Americans is an area of fundamental disagreement for the two parties. The difference in this economic ideology between the two parties will present a challenge to the Obama administration to get his economic plans passed in the Republican dominated House.
"The American people re-elected a Republican majority, and I'm proud of the fact that our team in a very difficult year was able to maintain our majority," said Boehner "A majority of Americans thought it was just fine to raise taxes on higher income people, but that's more of an emotional response, more 'I'm in pain, I want someone else to pay," as reported by the New York Times.
But the President disagrees, telling reporters, "This was a central question during the election ... and on Tuesday night, we found out that a majority of Americans agree with my approach...Our job now is to get a majority in Congress to reflect the will of the American people," as reported by Fox News.
