President Obama will outline his position in a speech this afternoon in Ohio:
President Barack Obama wants Congress to extend middle-income tax cuts and would reject Republican efforts to extend tax breaks for the wealthiest Americans, said David Axelrod, a White House senior adviser.
“Our position is clear: We believe that we should get a clean bill that extends the middle-class tax cuts, and that’s it,” Axelrod said in an interview on Bloomberg Television. “I don’t think the president will support anything that doesn’t do that.”
“We cannot afford to extend the tax cuts for those making more than $250,000 a year,” Gibbs said in his daily briefing, restating the administration’s position repeatedly as reporters asked about a New York Times column by the recently departed budget chief, Peter Orszag. “We should and must pass legislation that extends the tax cuts for middle-class families.”
Pres. Obama disagrees with Orszag’s proposal to extend by two years Bush’s tax cuts for the rich