Bill Clinton says he supports extending all Bush-era tax cuts

mandym · Jun 5, 2012

Former President Bill Clinton said Tuesday that broad tax cuts that expire in January should be temporarily renewed, including for the wealthiest Americans, to give lawmakers time to reach a deal on a longer-term extension that should exclude the rich.

Clinton's comments were in contrast to President Barack Obama, whose re-election he is supporting. Obama has opposed renewing the tax reductions for people earning over $250,000 a year, saying they must contribute to the effort to control rampant federal deficits.

Reductions in income tax rates and other levies first enacted under President George W. Bush expire in January, at the same time that $1.2 trillion in automatic spending cuts begin to take effect. The nonpartisan Congressional Budget Office and others have warned that letting both events occur would suck so much money out of the economy that it could spark a renewed recession next year.
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Read more: http://www.foxnews.com/politics/201...xtending-all-bush-era-tax-cuts/#ixzz1wyxNoTAK

freeatlast · Jun 5, 2012

He seems to be working for the Republicans more then the current President.

Bill Clinton says he supports extending all Bush-era tax cuts

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Bill Clinton says he supports extending all Bush-era tax cuts

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