Nation & World

Obama threatens to veto fiscal cliff deal because it excludes some taxes

Lawmakers are playing Deal or No Deal in Washington, D.C.

President Barack Obama is now threatening to veto a Republican bill that House members will vote on today.

It calls for taxing households that earn more than $1 million, but the president wants increased taxes on those making $400,000 a year.

If a deal isn’t reach in the next two weeks, spending cuts and increased taxes will kick in.

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