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Keyword: redeployingmymoney

Summers: Bush Tax Cuts Won't Be Extended

01/25/2009 9:40:38 PM PST · by Free ThinkerNY · 45 replies · 2,305+ views
newsmax.com ^ | January 25, 2009 | Newsmax Wires

President Obama's senior economic advisor made clear Sunday that any idea of renewing the Bush tax cuts, set to expire in 2010, is a dead issue. Lawrence H. Summers, a former Treasury secretary and head of the White House's National Economic Council, made clear to “Meet the Press” host David Gregory that Obama is committed to allowing the tax cuts to die. Summers also left open the possibility that the administration may revoke the tax cuts early, an idea pushed by House Speaker Nancy Pelosi. But he emphasized that the Obama administration is dead against extending the tax cuts, an...

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