Monday, December 6, 2010

Even Obama called it a TAX HIKE!

Obama presses for tax-cut compromise | Reuters: "Reuters) - President Barack Obama, closing in on a deal with Republicans to extend tax cuts, said on Monday he might not get '100 percent of what I want' but compromise was necessary to head off a rate increase for the middle class.

In a speech at a community college in North Carolina, Obama hinted at a possible agreement that would at least temporarily extend Bush-era tax cuts for wealthier Americans -- as Republicans want -- rather than strictly for families making less than $250,000, as he and his Democrats preferred.

'I have argued that we can't afford it right now, but what I've also said is we've got to find consensus here, because a middle-class tax hike would be very tough not only on working families but would be a drag on our economy right now,' he said."

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