NEW: A source says talks resume between staff members on both sides
More and more, Republicans acknowledge President Obama's advantage
Both sides agree the wealthy will pay more
Republicans seek to wring concessions from Democrats after their own
Both sides agree the wealthy will pay more, so now fiscal cliff talks come down to how much Republicans can wring out of the White House in return for giving in on taxes.
To President Barack Obama, it’s all about first locking in additional revenue from raising taxes on high-income owners, an outcome the GOP has long rejected.
Republicans led by House Speaker John Boehner want to secure commitments on entitlement reforms and spending cuts opposed by Democrats as part of a broader agreement to reduce the nation’s chronic federal deficits and debt.
A GOP source told CNN that talks between staff members on both sides resumed Thursday for the first time this week, after Obama and Boehner spoke by phone the day before.
Meanwhile, retiring Republican Rep. Steve LaTourette of Ohio told CNN that he sensed a shift in the House GOP approach during a conference meeting Wednesday.
“The sense was that there’s a growing number of folks in our party that are saying, ‘You know what, the president has won this round relative to the rates, but we need to you to sit down and get the second half of the deal and that’s the spending,’” LaTourette said.