Obama Wants Tax Cuts for Wealthiest Americans Ended in 2012, Jarrett Says [View All]

Source: Bloomberg

Valerie Jarrett, a senior adviser to President Barack Obama, said the administration will work over the next two years to end tax cuts for the wealthiest Americans that were included in broader tax legislation passed this month.

Obama, in a compromise with Senate Republicans, agreed to a two-year extension of tax reductions for family income above $250,000 coupled with an extension of unemployment benefits. Jarrett said the issue will come up again before the 2012 presidential elections.

“That’s something he is willing to fight for,” she said in an interview taped for broadcast on NBC’s “Meet the Press” today. “He is going to fight very hard when those two-year extensions expire” to end the breaks for top earners.

Vice President Joe Biden said on the same program last week that ending the tax cuts for the wealthy would be a goal in 2012.



Read more: http://www.bloomberg.com/news/2010-12-26/obama-wants-tax-cuts-for-wealthiest-americans-ended-in-2012-jarrett-says.html

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The Republicans are already planning to hold the "debt limit bill" hostage to get MORE tax cuts for the rich. As in a PERMANENT rate of 28%. Now if she wanted to be HELPFUL she would let us know NOW if he planned to veto that bill and let the Republicans shut down the government.

Telling us what he wants to do in 2012 is pointless. We need to know what he's going to do in MARCH OF 2011!