White House: Obama won't extend Bush tax cuts for wealthy - even temporarily

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wwltv.com

Posted on June 6, 2012 at 10:44 AM

By JULIE PACE  /  Associated Press

   ABOARD AIR FORCE ONE (AP) -- The White House is insisting President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans -- even temporarily.
 
   Obama spokesman Jay Carney said the president has been clear in his opposition to extending tax cuts for households with annual incomes above $250,000.
 
   Tax cuts for people of all incomes are due to expire at year's end.
 
   Carney's stand came after former President Bill Clinton caused a political headache for the White House by suggesting in an interview that tax cuts for people of all incomes -- including the rich -- should be extended into 2013 to avoid economic harm and allow time for a broader fiscal deal.
 
   Pressed directly on whether Obama would support a temporary extension, Carney said: "He will not. Could I be more clear?"

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