White House Flexible on Bush Tax Cuts

Tuesday, 28 Jun 2011 11:50 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Democrats are pushing hard to include tax increases as part of an agreement to raise the government’s debt ceiling. But the White House isn’t demanding that Bush-era tax cuts be revoked for wealthy Americans, The Hill reports.

obama bush tax cutsAlmost immediately after he took office, President Barack Obama sought to end the tax reductions for those with annual income of more than $200,000.

But he agreed to extend the tax cuts for everyone in a compromise with Republicans last year. And now the president is pushing to close tax loopholes for corporate jets, increase taxes for investment fund managers, and ditch some other tax breaks for businesses and tax loopholes for the wealthy.

So the Bush tax cuts now appear safe.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Christie Tweets Subtle Push-Back on Rand Paul's Ebola Messaging

Thursday, 23 Oct 2014 11:31 AM

New Jersey Gov. Chris Christie is again making a contrast between himself and another possible 2016 White House opponent . . .

Report: 3 Key Obama Advisers Eyeing the Exits

Thursday, 23 Oct 2014 11:19 AM

With Republicans on track to take over the Senate and two years of a lame duck presidency to look forward to, key White  . . .

GOP Makes Plans for Possible Takeover of Senate

Thursday, 23 Oct 2014 11:15 AM

Beyond measuring drapes for their new offices, Republican members of Congress are looking ahead to the possibility they  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved