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White House: No extended tax cuts for rich, period

White House: Obama will not extend tax cuts for rich, even temporarily By The 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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