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Showing Original Post only (View all)Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period [View all]
Source: Huffington Post
Obama: Bush Tax Cuts For Wealthy Will Not Be Extended, Period
ABOARD AIR FORCE ONE -- The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans even temporarily.
Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000.
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Carney's stand came after former President Bill Clinton caused a political headache for the White House by suggesting in an interview that tax cuts for people of all incomes including the rich should be extended into 2013 to avoid economic harm and allow time for a broader fiscal deal.
Pressed directly on whether Obama would support a temporary extension, Carney said: "He will not. Could I be more clear?
Read more: http://www.huffingtonpost.com/2012/06/06/obama-bush-tax-cuts-will-_n_1574165.html