Obama Won't Extend Bush Tax Cuts
If you had any doubt about whether President Obama would extent the Bush-era tax cuts for Americans with incomes above $250,000 a year, even temporarily, doubt no more. The Associated Press reports today that Jay Carney addressed the issue and left no doubt about the president's position: It's not happening.
Tax cuts for people of all incomes are due to expire at year's end.
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 at the Huffington Post.