Tags: White House Flexible on Bush Tax Cuts

White House Flexible on Bush Tax Cuts

Tuesday, 28 Jun 2011 11:50 AM

By Dan Weil

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.




© 2015 Newsmax. All rights reserved.

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

Obama Budget Sets up Battle With GOP-controlled Congress

Saturday, 31 Jan 2015 14:39 PM

After a year of relative peace in Washington's budget battles, President Barack Obama will lay out a $4 trillion budget  . . .

Giuliani Endorses Palm Beach Candidate

Saturday, 31 Jan 2015 11:08 AM

Former New York City Mayor Rudy Giuliani has endorsed a longtime friend in his campaign for re-election to the town coun . . .

Rep. Lynn Jenkins: Obama Must Protect College Savings Accounts

Saturday, 31 Jan 2015 10:41 AM

Rep. Lynn Jenkins, in Saturday's GOP address, called on the president to protect college savings accounts, not go throug . . .

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