Obama stands firm...wealthy don't need tax cuts

[Born_A_Truman]

http://content.usatoday.com/communities/theoval/post/2010/10/obamas-economic-board-members-challenge-him-on-taxes/1


The conversation was supposed to be about education and community colleges, but two Republicans on President Obama's economic recovery advisory board challenged him this afternoon on his tax policies.

(snip)

Obama didn't shy away from the unexpected debate with his own advisory board. He said a temporary extension of the tax cuts on income above $250,000 could easily become permanent. "You do that now, you're going to do that forever," he said.

The president also said the $700 billion cost could be better spent on other taxpayers who would spend it faster. The wealthy -- including those sitting around the table with him -- don't need a tax cut and won't spend it, he said.

[jaxx]

1. Very good, he knows the rich don't need the tax cuts.

[JNelson6563]

2. Awesome.

:toast:

[bobburgster]

3. Good for him!

Fake rec. added

[goclark]

4. Outstanding!