The New York Times
Tue, September 07, 2010 -- 8:31 PM ET
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Obama Rules Out Compromise to Extend Bush-Era Tax Cuts for Wealthy
President Obama will rule out on Wednesday any compromise
that would extend the Bush-era tax cuts for the wealthy
beyond this year, officials said, adding a populist twist to
an election-season economic package that is otherwise
designed to entice support from big businesses and their
Republican allies.
Mr. Obama's opposition to allowing the high-end tax cuts to
remain in place for even another year or two would be the
signal many Congressional Democrats have been awaiting as
they prepare for a showdown with Republicans on the issue and
ends speculation that the White House might be open to an
extension.
Read More:
http://www.nytimes.com/2010/09/08/us/politics/08obama.html?emc=na
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