LA CROSSE, WI (WXOW)—This Friday, President Obama and congress will hold their first fiscal cliff meeting.
Congressman Ron Kind is hoping to help both sides reach a compromise to avoid the fiscal cliff.
The cliff being a series of tax increases and spending cuts that will take effect in January without congressional action.
If congress cannot come to a conclusion, and the cuts do take effect, the average family will pay an extra $3,700 a year in taxes.
Kind said they need to find a way to come together and find that common ground.
"The answer to that, I believe, is reaching a long term deficit reduction deal, a bipartisan agreement," Kind said. "We still have a divided government. This was a very close election over all throughout the country; and by definition that is going to require compromise and give and take and finding that common ground to get our fiscal house put back in order over the long term."
The President said he is open to compromise, but is standing firm on his call for "upper income earners" to pay more in taxes.
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