President Obama’s top economic adviser Gene Sperling talks about the “fiscal cliff,” the impending tax increases and budget cuts at the end of 2012 if Congress fails to reach a new budget agreement. He reaffirmed that he would advise not renewing Bush-era tax cuts and that those making over $250 thousand a year should pay higher taxes.
This was part of the panel, “What Happens Now: the Post-Election Agenda and the Path for Negotiations” at the Peterson Foundation forum titled “Post Election: The Fiscal Cliff and Beyond,” held in the Knight Conference Center at the Newseum.