Obama: Tax hike on wealthy only "fiscal cliff" deal I'll sign

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Obama: Tax hike on wealthy only "fiscal cliff" deal I'll sign

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Obama: Tax hike on wealthy only "fiscal cliff" deal I'll sign

CBSTV Videos 3:18 mins

In his weekly address, President Obama said there is still some wiggle room on what Democrats are willing to give in negotiations over how to avert the so-called "fiscal cliff" at year's end. But increasing taxes on the wealthiest Americans, he stressed, is "one principle I won't compromise on."

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