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News Link • TAXES: Federal

EXCLUSIVE: President Obama Predicts GOP Will Cave on Taxes

• abcnews.go.com
 "I'm pretty confident that Republicans would not hold middle class taxes hostage to trying to protect tax cuts for high-income individuals," Obama said today in an exclusive interview with ABC News' Barbara Walters.

"I don't think they'll do that," he said of Republicans forcing tax-rate increases for families earning $250,000 a year or less.

The sign of optimism follows weeks of tense negotiations and public posturing to avert the so-called "fiscal cliff," an economically toxic package of $6 trillion in across-the-board tax hikes and $1.2 trillion in deep spending cuts that could begin in early 2013.

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