White House: No extended tax cuts for rich, period
Jun 6, 2012, 3:16 PM
Associated Press
ABOARD AIR FORCE ONE (AP) – 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.
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?”
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
