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BeWare	White House Concedes on Upper Income Tax Cuts Published November 11, 2010 | FoxNews.com Print Email Share Comments (466) Text Size President Obama senior adviser David Axelrod insisted Thursday that comments he made to an an online publication conceding to an extension of tax cuts for all income levels are no different from remarks by the president over the weekend. Axelrod, who confirmed to Fox News comments he made to The Huffington Post, suggested that the administration is ready to accept an across-the-board continuation of current tax rates, marking a turnaround from the White House's pre-midterm election stance on impending tax increases. "We have to deal with the world as we find it," he said. However, Axelrod made clear to Fox News the White House is not conceding a permanent extension for the top 2 percent of earners. The president's top adviser also acknowledged that separating different categories of tax cuts now is politically unrealistic and procedurally difficult. "We don't want that tax increase to go forward for the middle class ... But plainly, what we can't do is permanently extend these high income taxes," he told the online publication. The current tax rates laid out by Congress in 2001 under the guidance of then-President George W. Bush included a sunset of 10 years, meaning rates are expected to rise on all income levels in 2011. However, economists and most lawmakers agree that raising tax rates during a recession will only prolong the pain of a fitful economy. The White House pushed back on The Huffington Post story by arguing the president has been signaling a temporary extension of the tax cuts for higher income earners. Aides say the president was pretty clear in his weekly radio and Internet address that there would be an extension of all the tax cuts, but the country cannot afford making the tax cuts permanent for those making more than $250,000 per year. Officials said Axelrod is saying essentially the same thing. Over the weekend, the president said in his weekly address that he wants to have "an extended discussion" with lawmakers -- scheduled for Nov. 18 -- on ways to reduce deficits and spending. He did not say he would support an extension of current rates to upper income earners. "I recognize that both parties are going to have to work together and compromise to get something done here. But I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we can't afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires," he said. White House spokeswoman Jen Psaki on Thursday maintained that extending rates for the middle class families is the president's priority, and "he is open to compromise to get that done." "He has also expressed concern about the cost of making the highest income tax cuts permanent and is looking forward to discussing this and other issues with bipartisan congressional leaders next week," Psaki said. Michael Steel, a spokesman for House Republican leader John Boehner said the congressman is pleased Axelrod agrees on the need to extend rates for all brackets. "Republicans made a pledge to America to permanently stop all of the tax hikes scheduled for January 1st. We're glad to see that the president's most trusted adviser now agrees with this course of action, and hope he and the president will show leadership by convincing Speaker Pelosi to stop these tax hikes permanently in the upcoming lame duck session," Steel told Fox News. Fox News' Mike Emanuel contributed to this report.
KlasKat	That great, Axelrod is the next to be thrown under the bus. This message has been edited by KlasKat on 11-12-2010 at 09:07 AM
Chi_Town_Prowler	This one pisses me off for two reasons: 1. That the Democrats were SO DAMN WEAK to roll over and let this one go by. 2. That the Republicans WERE SO DAMN GREEDY to want to extend tax benefits to people who DID NOT DESERVE THEM NOR NEED THEM!!
ALLEY CAT	Hhmmm, Nearly half of the US population pays no federal income tax, while the other half pays more than their share to compensate. Is that fair? I'm for a Flat Rate % Income tax for everyone getting a paycheck, commissions, dividends, or bonuses. 14/15% sounds fair. Do away with all of the IRS paperwork, loopholes, and giant waste of money to run that complex department. Anyone caught working for cash under the table, or hiding any income, should then be subject to a 'double tax rate' to discourage the abusers. Then, require Congress to live within the budget of what is coming in as taxes, and not be able to spend any more money (ie, pork). Freeze the deficit spending to zero dollars, and get this country back under control of common sense. Make everyone accountable. Sounds too easy to be implemented.....
ed monahan	Do away with ALL income tax and just have an enormous sales tax, with EVERYTHING taxed the same. You can make all you want but if you decide to enjoy it and spend it, you have to pay. You can avoid the tax by saving it ALL until you are dead or spend it and be taxed. Everyone would have to pay. Of course the rich could afford it so maybe it should be graduated, the more the expensive the item, the higher the tax rate after $ 100, $1000, etc.
Kika	What are the ethic owners and political owes of prowlers? Mexican, blacks chinese, Asians, whites those above 250k a yr those under 250k a year.....let's poll the prowler owners.... Let's hear from you? Do you know that tax rates for the rich during regain wer over 70% for the rich American infrastructure was supported and industry was expanded because os the tax rate to keep their money in the companies? What has gone wrong?
Kika	You do know that Canada full retirement is age 60 And they pay 15.5% tax at walmart and dinners etc....yes 7.5 percent for health care....... Yes health care that is costing 22 Thousand in the us for 4 days of blood pressure problems for. -a 4 day stay..of course thoses with advantage Medicare pay 250 for 24,000 bill. What gives...and do y care? In fact who cares.? And the rest of America .?? Who cares? Is this the problem? Surer is not the solution WHO CARES.....REPUBS OR DEMOS OR..? The heck with the rest of America? Don't y think it's time to stop winning. And work together or who cares?
idive	quote: Originally posted by Kika: ... Do you know that tax rates for the rich during regain wer over 70% for the rich American infrastructure was supported and industry was expanded because os the tax rate to keep their money in the companies? Let's see... Thinking back to the years of Ronnie, wasn't that when the oil boom went bust? Rig workers out of work? Steel mills shut down? Engineers and designers laid off? Economy collapsed?
ALLEY CAT	Kika,,,WELCOME to the POA. Always good to see another newbie posting with their opinions I see you are retired, living in Florida,and asked on another thread about 'who we are'. Mostly, we are average people who enjoy our Prowlers. Lets find out who you are next,,,care to introduce yourself, what you did, where, and how long? Maybe not? It doesn't really matter, but which side of the political scene are you, liberal or conservative? We tend to banter around alot in this forum, and others, so don't take things too serious and get offended at times. We are all friends, sometimes with differing opinions, but still friends. Feel free to ask questions, or add your input on any ongoing DISCUSSION FORUM topic. Again,,,welcome aboard! ------------------ Call 911 - there is a Prowler in my garage.... along with '06 SRT10 Viper Coupe