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Obama: Voters support my plan to raise taxes on wealthy

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He argued that voters had endorsed his position, even if congressional Republicans do not.

“This shouldn’t be a surprise to anybody,” the president said. “When it comes to how we reduce our deficit, I argued for a balanced, responsible approach, and part of that included making sure that the wealthiest Americans pay a little bit more.”

But he stopped short of setting a “red line” on raising taxes for the wealthiest, saying he was “open to new ideas” and that he realized “we’re going to have to compromise.”

He’s invited congressional leaders to the White House on Friday for negotiations aimed at averting an impending “fiscal cliff.” The Bush-era tax cuts are set to expire at the end of this year, and automatic spending cuts totaling $109 billion in fiscal 2013 that could affect a host of government services and functions are slated to take effect Jan. 2.

The voters, Obama said, “want to make sure that middle-class folks aren’t bearing the entire burden and sacrifice when it comes to some of these big challenges. They expect that folks at the top are doing their fair share as well, and that’s going to be my guiding principle during these negotiations, but more importantly during the next four years of my administration.”

Yet he stopped short of declaring a sweeping mandate, noting that he was “more than familiar with all the literature about presidential overreach in second terms.”

He said he was “very cautious” about overreaching, but added, “I didn’t get re-elected just to bask in re-election. I got elected to do work on behalf of American families and small businesses all across the country, who are still recovering from a really bad recession but are hopeful about the future.”

He offered praise for his vanquished Republican challenger, Mitt Romney, saying he hoped to sit down with him to talk about working together.

“There’re certain aspects of Gov. Romney’s record and his ideas that I think could be very helpful,” Obama said, citing Romney’s tenure running the Olympics.

He also hotly defended U.N. Ambassador Rice, whom Republican senators have vowed to block if she’s nominated to succeed Clinton. Republicans have been critical of her performance on television in the wake of the attack on the U.S. consulate in Benghazi, but Obama praised what he called “exemplary work” and said Rice had appeared on television at the White House’s request and given “her best understanding of the intelligence that had been provided to her.”

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