Posted on 10/18/2010 3:37:26 AM PDT by Son House
The White House continued to push Sunday for Congress to let the Bush tax cuts expire for the wealthiest Americans, teeing up a lame-duck standoff over the issue in Washington once lawmakers return from the campaign trail.
David Axelrod, the president's senior adviser, said Sunday that the Obama administration still wants the tax cuts extended for middle-class families making up to $250,000.
"That would be stimulative, because people who need money in their pocket to spend and pay for the things that they need to live would have more money in their pocket," Axelrod said in an interview.
But he continued to argue that extending the cuts for everybody, including the upper-income brackets, would not be worth the cost and would not stimulate the economy.
"The notion that we borrow $700 billion for the next ten years from China or some other country in order to pay for tax cuts for millionaires and billionaires doesn't make sense. This is part of how we got in trouble in the first place," Axelrod said on CNN's "State of the Union."
The White House persistently accuses Republicans of holding the middle class "hostage" by insisting on an across-the-board extension.
(Excerpt) Read more at foxnews.com ...
"That would be stimulative, because people who need money in their pocket to spend and pay for the things that they need to live would have more money in their pocket," Axelrod said in an interview.
Hey a$$h*le. We already HAVE that money, it's OURS.
We worked for it ya jackass.
he continued to argue that extending the cuts for everybody, including the upper-income brackets, would not be worth the cost and would not stimulate the economyFAIL. Thanks Son House.
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