Obama Still Dreams of Tax Increases

Federal Government

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. Read full story here:

Obama Still Dreams of Tax Increases