Obama Won't Extend Bush Tax Cuts

By: Jenée Desmond-Harris | Posted: June 6, 2012 at 5:19 PM

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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.

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