David Plouffe, a long time advisor to Barack Obama, went on this morning on ABC about the president's focus on raising taxes:

"Yes," tax increases need to be in the budget for Obama to sign it, Plouffe said. "There are plenty of loopholes" that need to be closed in the tax code, Plouffe said, suggesting where Obama will seek tax revenue from next.

Republicans say that the tax issue was dealt with in the "fiscal cliff" deal reached earlier this month.

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