• President Obama And GOP Leaders Finally To Meet

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    (From left) Mitch McConnell, Barack Obama and John Boehner will all be at the summit. | AP photos

    Washington — It won’t be the relaxed dinner-and-drinks working session President Barack Obama wanted, but the White House still hopes Tuesday’s delayed and abbreviated summit with Republicans will start to bridge the bipartisan divide.

    The problem for Obama is that GOP leaders have little incentive to cut any deals in the lame-duck congressional session — the better to capitalize on their new House majority in January — and have no appetite for major compromise on the extension of Bush-era tax cuts or their deficit-cutting platform.

    “I’m hopeful that we’re going to hear from the president a willingness to reflect what the people spoke on Nov. 2, and that is, ‘Stop it,’” House Minority Whip Eric Cantor (R-Va.), who is counting the days until he takes over as majority leader, told POLITICO.

    “Stop the policy agenda you’ve been about over the last 20 months, and let’s go about seeing if we can return to a situation where we can see some [economic] growth prospects again,” he warned Obama.

    “The hope is that all sides can agree that we need to focus on the have-to-do items, like funding the government while reducing spending and preventing a tax hike on every American taxpayer,” said Don Stewart, spokesman for Senate Minority Leader Mitch McConnell (R-Ky.). “Maybe we can have a discussion later on the ‘wanna-do’ items, but it’s now been a month since the election, and it’s time to focus.”

    But the president’s agenda boils down to a pair of starkly different, far more ambitious priorities: a temporary tax cut, preferably for middle-income families only, and rapid Senate ratification of the stalled Strategic Arms Reduction Treaty.

    Read entire article at Politico.com

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