https://hotair.com/headlines/archives/2012/12/04/obama-risks-repeating-his-first-term-mistake/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 01:19:32 -0400<![CDATA[It looks as if the White House is trying to repeat its mistake all over again. For the past 18 months, Obama has insisted a &#8220;balanced approach&#8221; is necessary to deal with trillion dollar deficits. That was shorthand for raising taxes on the top 2% of taxpayers in exchange for meaningful spending cuts and other reforms. Republicans led by Speaker John Boehner agreed to raising taxes for the wealthy, albeit by closing out exemptions for the well-to-do. But by late last week, some Republicans were softening on higher rates as well.]]>Tue, 04 Dec 2012 15:05:59 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2012/12/04/obama-risks-repeating-his-first-term-mistake-n98008