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New Obama fiscal offer includes $400 billion in health cuts
Modern Healthcare

Narrowing a “fiscal cliff” negotiating gap, President Barack Obama is backing off what had once been ironclad positions.

A new proposal handed to House Speaker John Boehner on Monday drops Obama’s long-held insistence that taxes rise on individuals earning more than $200,000 and families making more than $250,000. He is now offering a new threshold of $400,000 and lowering his 10-year tax revenue goals from the $1.6 trillion he had argued for a few weeks ago.

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