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White House would veto full Bush tax cut extension
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jul 09, 2012 02:09pm |
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| Category | Announcement |
| Author | BYRON TAU |
| News Date | Monday, July 9, 2012 08:00:00 PM UTC0:0 |
| Description | White House press secretary Jay Carney said Monday that President Obama would veto a full, across-the-board extension of the Bush tax cuts that included no tax increases on upper earners.
"He would not support it. He would not sign that bill," Carney told reporters. Pressed on whether not signing meant a presidential veto, Carney said it did.
In a Monday statement, Obama called on Congress to pass a one year extension of only the middle-class and lower-income portions of tax cuts — leaving the fate of the tax cuts for upper earners making more than $250,000 annual to be decided after the election. Obama opposes those cuts, believing that they should end. |
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