Obama Backs Off Hard Lines in Search of Compromise

Bulletin Today | PoliticsBy Jim Kuhnhenn of The Associated Press WASHINGTON (AP) — 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 …