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Article posted: 12/4/2012 9:00 PM

Obama: No Deal on ‘cliff’ without tax hike for rich

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President Barack Obama, flanked by National Governors Association (NGA) Chairman, Delaware Gov. Jack Markell, left, and NGA Vice Chair, Oklahoma Gov. Mary Fallin, meets with the NGA executive committee regarding the fiscal cliff Tuesday at the White House. Treasury Secretary Tim Geithner is at right.

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President Barack Obama on Tuesday rejected a GOP proposal to collect new taxes from high earners by limiting their deductions and tax breaks, insisting that any deal to avert the year-end "fiscal cliff" must include an agreement to raise the top income tax rates.

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