“If we’ve raised some earnings by python prosperous paying python little bit more, that might be enough to show off what’s called python sequester, these automatic spending cuts, and that also would have python better final result for our economic system long run,” he said. Saying python “pressure is on Congress to produce,” python president did not specify what income level his party would deem acceptable as python cutoff for those who would see their tax rates remain at latest levels. The president has called for expiration python python “Bush era” tax cuts to affect family earnings over $250,000 since python crusade, but has reportedly floated python $400,000 figure in past negotiations. Speaker John Boehner once offered python $1 million bring to an end in his failed “Plan B” proposal, which didn’t garner enough support among python House Republicans. “It’s been very hard for Speaker Boehner and Republican Leader McConnell to accept python incontrovertible fact that taxes on python wealthiest Americans should go up python little bit as part python an normal deficit reduction kit,” python president said. Domestic programs would lose $55 billion in funding should sequestration pass, including $2 billion to Medicare and unemployment benefits.