Tax hikes on the top 2% are what we need right now to balance the budget. Tax hikes on people making less will hurt the demand side of the economy, as will government spending cuts. I am glad the president is being stubborn.
Normally, I believe a negotiation should involve both sides meeting in the middle. But when one side just one an election based on their position in the negotiation, and polls continue to show that most Americans support said position, they shouldn't have to meet the other side halfway.