The Morning Plum By Greg Sargent
The White House is sharply denying the Huffington Post story I noted below claiming that David Axelrod signaled a willingness to accept a temporary extension of all the Bush tax cuts, claiming that their position remains unchanged.
Axelrod emails:
There is not one bit of news here. I simply re-stated what POTUS and Robert have been saying. Our two strong principles are that we need to extend the tax cuts for the middle class, but we can't afford a permanent extension of the tax cuts for the wealthy.
White House Communications Director Dan Pfeiffer adds:
The story is overwritten. Nothing has changed from what the President said last week. We believe we need to extend the middle class tax cuts, we cannot afford to borrow 700 billion to pay for extending the tax cuts for the wealthiest Americans, and we are open to compromise and are looking forward to talking to the Congressional leadership next week to discuss how to move forward. Full Stop, period, end of sentence.
Allowing thee Bush tax cuts to expire for the upper two per cent of Americans will pay for the most of economic stimulus.
The Republicans certainly understand this, but that won't stop them from increasing the deficit to help their base of 'have mores.' Obama's only shot of scotching the Bush tax cuts for the affluent is in the congressional session that just started that has Nancy Pelosi in control of the House.
If Obama waits until the 112th Congress is in session next January, he will be forced to extend the Bush tax cuts in toto.
It will be interesting to see how deftly the Democrats handle "the Bush tax cuts."
Read more: http://voices.washingtonpost.com/plum-line/2010/11/the_...
graphic source: Washington Post
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The White House is sharply denying the Huffington Post story I noted below claiming that David Axelrod signaled a willingness to accept a temporary extension of all the Bush tax cuts, claiming that their position remains unchanged.
Axelrod emails:
There is not one bit of news here. I simply re-stated what POTUS and Robert have been saying. Our two strong principles are that we need to extend the tax cuts for the middle class, but we can't afford a permanent extension of the tax cuts for the wealthy.
White House Communications Director Dan Pfeiffer adds:
The story is overwritten. Nothing has changed from what the President said last week. We believe we need to extend the middle class tax cuts, we cannot afford to borrow 700 billion to pay for extending the tax cuts for the wealthiest Americans, and we are open to compromise and are looking forward to talking to the Congressional leadership next week to discuss how to move forward. Full Stop, period, end of sentence.
Allowing thee Bush tax cuts to expire for the upper two per cent of Americans will pay for the most of economic stimulus.
The Republicans certainly understand this, but that won't stop them from increasing the deficit to help their base of 'have mores.' Obama's only shot of scotching the Bush tax cuts for the affluent is in the congressional session that just started that has Nancy Pelosi in control of the House.
If Obama waits until the 112th Congress is in session next January, he will be forced to extend the Bush tax cuts in toto.
It will be interesting to see how deftly the Democrats handle "the Bush tax cuts."
Read more: http://voices.washingtonpost.com/plum-line/2010/11/the_...
graphic source: Washington Post
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
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