Looks like Obama is going to celebrate on the golf course.
WASHINGTON — The White House issued a “fact sheet” statement Tuesday declaring the fiscal cliff agreement a victory, though the House has yet to vote on the measure.
“At this make or break moment for the middle class, the President achieved a bipartisan solution that keeps income taxes low for the middle class and grows the economy,” the statement says. “For the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.
“This means millionaires and billionaires will pay their fair share to reduce the deficit through a combination of permanent tax rate increases and reduced tax benefits.”
The White House said it achieved 85 percent of what it wanted on taxes, locking in $620 billion in revenue from wealthier Americans over 10 years. The statement, entitled “The Tax Agreement: A Victory for Middle-Class Families & the Economy” and issued less than an hour before Vice President Joe Biden was scheduled to meet with House Democrats on the Hill, includes a list of talking points covering everything from capital gains (hiked to 20 percent) to the extension of unemployment benefits and tax credits for renewable energy.