Tags: Tax Cuts

Axelrod Predicts Passage of Tax Cut Deal

Sunday, 12 Dec 2010 09:00 AM

 

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WASHINGTON (AP) — White House adviser David Axelrod is predicting that President Barack Obama's tax-cut deal with Republicans will pass Congress by year's end.

A test vote in the Senate is set for Monday on legislation that would avert a Jan. 1 increase in income taxes for nearly all Americans. The package faces a tougher sell in the House, where Democrats have voted not to allow it to reach the floor without changes to scale back tax relief for the rich.

Axelrod tells CNN's "State of the Union" that the administration will prevail in the House. He calls the deal 'a tremendous win" for the middle class, but acknowledges it's a compromise with items the White House doesn't fully embrace.

He says House Speaker Nancy Pelosi "understands the consequences of inaction" on the plan. And Axelrod says there's urgency in passing it. He says "everyone understands what it will mean to the economy if we don't get this done."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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