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.
Tax cuts for people of all incomes are due to expire at year’s end.
Hey, they’re crapping their cages over the deficit and debt. Allowing the Bush tax cuts to sunset will take a big chunk out of both. You know who did something similar? Ronald Reagan. Raised taxes 11 times after he discovered his initial tax cuts were ballooning the deficit.