Gene Sperling Remarks
Gene Sperling talked about the fiscal cliff, emphasizing the Obama administration’s position in favor of higher taxes for the… read more
Gene Sperling talked about the fiscal cliff, emphasizing the Obama administration’s position in favor of higher taxes for the wealthy. Mr. Sperling said the administration favored this policy not to punish people for their success but rather in support of the idea of paying it forward. In answering a question about new ideas for revenues, Mr. Sperling said the administration was focused on negotiating a balanced plan.
“Fiscal cliff” referred to the impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a new budget agreement.
This discussion was part of a Center for American Progress, Harvard University, and Google forum titled, “Investing in the Future: Higher Education, Innovation, and American Competitiveness,” held at the Center for American Progress. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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