Kinda looks like BO,s getting ready for some hardball.
By Lori Montgomery, Updated: Wednesday, October 17, 7:49 PM
,President Obama is prepared to veto legislation to block year-end tax hikes and spending cuts, collectively known as the “fiscal cliff,” unless Republicans bow to his demand to raise tax rates for the wealthy, administration officials said.>
<If he wins reelection, Obama may finally be able to dictate the terms of a bipartisan debt-reduction deal. And if he loses toRepublican Mitt Romney, Obama could make sure that tax rates rise before he hands over the keys to the White House on Inauguration Day in late January.>
<One option is revisiting the terms of a deal Obama discussed with Boehner and House Majority Leader Eric Cantor (R-Va.) during last year’s battle over the federal debt limit. At that time, Republicans offered to generate $800 billion in fresh cash for the government over the next decade through an overhaul of the tax code and Obama agreed to push the top rate below 35 percent.>
Officials: Obama ready to veto a bill blocking ‘fiscal cliff’ without tax hike for rich - The Washington Post