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The Boston Globe

Politics

Fiscal cliff: Impasse on tax rates is big hurdle

WASHINGTON (AP) — House Republicans’ hard line against higher tax rates for upper-income earners leaves re-elected President Barack Obama with a tough, core decision: Does he pick a fight and risk falling off a ‘‘fiscal cliff’’ or does he rush to compromise and risk alienating liberal Democrats?

Or is there another way that will allow both sides to claim victory?

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