{"id":466261,"date":"2011-07-22T13:59:11","date_gmt":"2011-07-22T13:59:11","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/22\/don%e2%80%99t-drop-tax-hikes-on-the-rich-us-senator-warns-obama\/"},"modified":"2011-07-22T13:59:11","modified_gmt":"2011-07-22T13:59:11","slug":"dont-drop-tax-hikes-on-the-rich-us-senator-warns-obama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/22\/dont-drop-tax-hikes-on-the-rich-us-senator-warns-obama\/","title":{"rendered":"Don\u2019t drop tax hikes on the rich, US senator warns Obama"},"content":{"rendered":"
\n

WASHINGTON (AFP) \u2013 The top US senator, a key White House ally, warned President Barack Obama Friday not to drop possible tax hikes on the rich from negotiations on a deal to avert a disastrous early August debt default.<\/p>\n

Democratic Senate Majority Leader Harry Reid, noting that Obama was in talks with Republican House Speaker John Boehner, declared: \u201cI wish them well, we await their efforts\u201d before sounding a sternly cautionary note.<\/p>\n

\u201cI say to both the president and to the speaker here on the Senate floor, representing my Democrats and, I\u2019m confident, many Republicans: Be very careful,\u201d said Reid.<\/p>\n

\u201cShow a lot of caution as this negotiation goes forward because any arrangement must be fair to all America, not just the wealthy,\u201d he added.<\/p>\n

Reid reportedly expressed shock and anger Thursday at news reports that Obama was closing in on a deal with Boehner that would cut some $3 trillion dollars in government spending and slice into social safety net programs dear to Democrats without tying those to tax hikes on the rich, which Republicans oppose.<\/p>\n

With time fast running out before an August 2 deadline, Democrats have warned they will not accept any deal that cuts government-backed health and retirement benefits without also exacting a tax increase on the wealthiest Americans.<\/p>\n

Republicans have vowed to defeat any new tax hike as part of a package to raise the $14.3 trillion debt ceiling, allowing cash-strapped Washington to meet its obligations.<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

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