Looks like the "Bush Tax Cuts" will be extended

[Deku Trii]

WASHINGTON -- President Barack Obama's top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.

That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week's electoral defeat.

"We have to deal with the world as we find it," Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. "The world of what it takes to get this done."

"There are concerns," he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. "But I don't want to trade away security for the middle class in order to make that point."

Full article here:

White House Gives In On Bush Tax Cuts

[Mario271]

I love how the Republican party talks the talk, but doesn't walk the walk. If they are so concerned about the deficit, the tax cuts for the wealthiest Americans should be something they are willing to get rid of. There is no way they are going to balance the budget with cuts alone.

[Metal Man]

Obama is just weak. That's all.