Obama’s Warning to Boehner Started Road to Budget Plan
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President Barack Obama had a warning for John Boehner at a Dec. 13 White House meeting: Stop opposing higher tax rates for top earners, or the president would dedicate his second term to blaming Republicans for a global recession.
The next day, the House speaker called the president and said he was open to a tax-rate increase on annual income of more than $1 million.