Tags: Bush Tax Cuts | US | Obama | Taxes

Axelrod: No 'Permanent' Tax Cuts for Wealthy

Sunday, 14 Nov 2010 10:18 AM

 

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WASHINGTON (AP) — A top adviser to President Barack Obama says the White House objects to "permanent" tax cuts for the wealthy but is silent on the possibility of extending current tax rates for the short term.

Obama adviser David Axelrod says the president only wants to make permanent the tax cuts for the middle class that expire at the end of this year. He urged Congress to resolve the tax-cut question during a lame-duck session of Congress.

Options facing Congress include extending middle-class tax cuts permanently while continuing tax cuts for the wealthy for only one or two years, or to adopt short-term extensions of all tax cuts.

Axelrod says he would leave negotiations to Obama and lawmakers. He appeared on "Fox News Sunday" and NBC's "Meet the Press."

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 This material may not be published, broadcast, rewritten or redistributed.

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