He means individuals and businesses-watch for less investment-fewer jobs. this has been tried in so many countries and does not work-the wealthy will keep most of their money and the rest of us will suffer-more commie bullshit from and asshole.
http://news.yahoo.com/blogs/ticket/obama-americans-voted-tax-hikes-rich-185912574--election.html
Claiming a mandate from his election romp over Mitt Romney, President Barack Obama announced on Friday that he had invited congressional leaders to the White House next week for talks on how to steer the battered economy away from a "fiscal cliff." Obama said he was open to compromise with Republicans—but that any final deal needed to raise taxes on the richest Americans.
"This was a central question during the election," the president said in brief remarks in the East Room of the White House. "It was debated over and over again, and on Tuesday night we found out that a majority of Americans agree with my approach.
"Our job now is to get a majority in Congress to reflect the will of the American people," Obama said. "I'm not wedded to every detail of my plan. I'm open to compromise. I'm open to new ideas. I'm committed to solving our fiscal challenges. But I refuse to accept any approach that isn't balanced."
The president, who did not take questions on Friday, campaigned in part on a plan that would extend most of the Bush-era tax cuts, but allow them to expire for individuals making more than $200,000 or families pulling in $250,000. Republicans have said they want to prolong all of those rate reductions.
http://media.zenfs.com/en/blogs/theticket/2012-11-09T183314Z_351433351_TB3E8B91FJ816_RTRMADP_3_USA-FISCAL.JPG"/>
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