Good afternoon, everybody. Over the last few weeks, I've been working with leaders of both parties on a proposal to get our deficit under control, avoid tax cuts or avoid tax hikes on the middle class, and to make sure that we can spur jobs and economic growth. It is a balanced proposal that cuts spending but also asks the wealthiest Americans to pay more. This proposal will strengthen the middle class over the long haul and grow our economy over the long haul. During the course of these negotiations, I offered to compromise with Republicans in Congress. I met them halfway on taxes and I met them more than halfway on spending. In terms of actual dollar amounts, we're not that far apart. As of today, I am still ready and willing to get a comprehensive package done. I still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. I remain committed to working towards that goal, whether it happens all at once or whether it happens in several different steps. But in 10 days, we face a deadline. Under current law, tax rates are scheduled to rise on most Americans. And even though Democrats and Republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us, agrees that tax rates shouldn't go up for the other 98% of Americans, which includes 97% of small businesses. Every member of Congress believes that, every Democrat, every Republican. So there is absolutely no reason, none, not to protect these Americans from a tax hike. At the very least, let's agree right now on what we already agree on. Let's get that done. I just spoke to Speaker Boehner,...
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