Obama firm on tax rates amid Republican infighting

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U.S. President Obama meets with members of the National Governors Association Executive Committee in WashingtonWASHINGTON (Reuters) – President Barack Obama dangled the possibility on Tuesday of lowering tax rates in 2013 with a broad U.S. tax code revamp, but he stood firm on insisting rates for the wealthiest must rise as part of a deal to avert the "fiscal cliff," a series of budget cuts and tax increases that will begin taking effect on December 31 unless Congress acts. Congressional Republicans, looking at yet another poll showing most Americans would blame them for going off the cliff, showed more signs of internal stress over how far to go in compromising with Obama's demands on tax rates. …

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