A day after President Obama decisively won a second term, Speaker John Boehner (R-Ohio) said Republicans are "willing to accept new revenue" in a deal to avoid the "fiscal cliff," a combination of spending cuts and tax hikes that are set to take effect at the end of the year. On the campaign trail, Obama repeatedly demanded that any spending cuts be accompanied by a tax hike for the wealthy, and exit polls showed that a majority of voters agreed that higher-income workers should pay more taxes. "This is the will of the people," Boehner said, "and we answer to them." However, observers cautioned that Boehner's olive branch was not a sure sign that the GOP was willing to negotiate. In the past, Boehner's Republican colleagues in the House have made clear their opposition to raising taxes on anyone.
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