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Obama stands firm on taxes ahead of 'fiscal cliff' talks

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President Obama pledged Wednesday to halt tax cuts for American households making more than $250,000, saying in his first press conference since re-election that voters had embraced his plan for avoiding the so-called fiscal cliff looming at the end of the year. "What I'm not going to do is to extend Bush tax cuts for the wealthiest 2 percent that we can't afford and according to economists...

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