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He said he still insists that couples making more than $250,000 a year pay a higher marginal tax rate than the current 35 percent, the level set by the Bush tax cuts of 2001 and 2003. Moments later, however, he said he was "open to new ideas" about adjusting the rates, provided they help produce substantially more revenue to fund the government. Perhaps nothing could burnish Obama's legacy more than an overhaul of immigration laws that would somehow grant legal status to millions of illegal immigrants without triggering widespread anger over "amnesty" for lawbreakers. The closest Obama came to rubbing Republicans' noses in their recent election setbacks was when he leapt at an immigration question Wednesday. "I'm very confident that we can get immigration reform done," he said. Shortly before the election, he noted: "I predicted that the Latino vote was going to be strong, and that that would cause some reflection on the part of Republicans about their position on immigration reform. I think we're starting to see that." An immigration package, he said, should improve border security, penalize companies that purposely hire illegal workers and provide "a pathway for legal status for those who are living in this country, are not engaged in criminal activity, are here to, simply to work." Similar ambitions proved impossible for Bush, McCain and scores of other politicians. It's unclear whether Obama's re-election can provide enough impetus to overcome the many hurdles still facing the quest. Obama's success in dealing with immigration and other issues will depend partly on how much partisan anger results from the fiscal cliff showdown and whether the economy continues to recover in 2013 and beyond. Setbacks on these fronts or others could force Obama to play political small-ball, as many people accused President Bill Clinton of doing in his second term, dominated by scandal. If ever there's a time for a president to aim high, it's immediately after his election to a second and final term. And so Obama joked with reporters Wednesday, hinted at economic compromises without making specific concessions and lashed out at critics of his ambassador to the United Nations. "I want a big deal," Obama said. He was referring to resolving the fiscal cliff. The sentiment, however, might apply to his entire presidency, which just doubled in length, promising all sorts of possibilities and challenges from now until January 2017.
[Associated
Press;
Charles Babington covers Congress and politics for The Associated Press. Follow him on Twitter: https://twitter.com/cbabington.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
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