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Saturday, April 20, 2024

Axelrod: Obama ‘had’ to make tax deal


A senior adviser to President Barack Obama says he believes Democrats angry about the deal with Republicans on tax cuts will support it when they weigh the consequences of people’s taxes going up.

President Barack Obama, followed by White House Press Secretary Robert Gibbs, slides past the pocket door to the briefing room as he walks out to begin his news conference at the White House in Washington, Tuesday, Dec., 7, 2010. (AP Photo/Pablo Martinez Monsivais)

David Axelrod tells CBS‘s “The Early Show” that Obama would not have been able to spare middle-class taxpayers a significant increase in the new year if he hadn’t agreed to GOP demands that existing rates be continued for the wealthy as well.

Axelrod said he hopes lawmakers will “focus on the consequences of inaction,” saying that if the legislation fails, taxes on the typical family will soar by $3,000 and the long-term unemployed will go without government benefits.

The adviser said that any compromise is going to have “something that each side” opposes.

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5 thoughts on “Axelrod: Obama ‘had’ to make tax deal”

  1. As the details of this bill become known it will be seen for what it is… just another spending spree foisted upon us by the Demopublicans, using the time-honored concept of political bribery to get er dun!

    Nobody up there has learned anything… and apparently never will.

  2. The Republicans held a gun to his head and he capitulated. I find it hard to believe that there weren’t other ways to pressure the Republicans into some kind of better solution. The easy way out was to cave and he took it.

  3. Oppose this legislation and let’s get this party started right. Hey if they want to alienate the largest classes in favor of 15%, let them have it and we’ll watch the whole thing come grinding to a halt.

  4. Obama is a political realist, more than anything else: The left may bitch about his tax compromise but the Democrats in the Senate had their chance to pass a tax bill with an upper income limit, and they didn’t even have the votes to do one with tax cuts for everyone with less than $1M income!

    Obama actually came up with a compromise that can pass, even if some on the left vote nay because of the tax cut for the rich and some on the right vote nay because of the reestablishment of the estate tax and extension of unemployment. Without any action before the end of the year, it would be much more difficult (if not impossible) to get the House to approve a bill that had either estate tax or extended unemployment.

    Sorry partisans on both sides: The vast majority of Americans want action on the economy, and they want it now.

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