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November 11th, 2010
11:15 AM ET

Axelrod says Obama will agree to extend tax cuts for wealthy

Jamie Crawford
CNN White House Producer

Washington (CNN) – The White House is signaling that it is willing to negotiate on extending the Bush tax cuts, even for the wealthiest Americans, in order to deliver on its promise to extend tax cuts for middle class Americans.

In an interview with the Huffington Post on Wednesday, White House Senior Adviser David Axelrod seemed to open the door to the extension of the cuts for American households making more than $250,000 a year, citing the poltical reality that has resulted from the loss of Democratic seats in Congress in last week's midterm elections.

Extending tax cuts for the top income bracket had previously been a red line the administration refused to cross.

"We have to deal with the world as we find it," Axelrod said in the interview. "The world of what it takes to get this done."

Full story on the CNN Political Ticker


Filed under: 360° Radar
soundoff (5 Responses)
  1. jim

    You mean he still has a job? Axelrod and Jerrett are the one that drove the Dem. party into the ditch, fire them.

    November 12, 2010 at 9:54 am |
  2. Larry Zondorff

    Mr. Axelrod, We have to create the world we want out of the world we find. That is change. And at times we have to fight for what we believe in. Time you grew a spine and got both the policy and the message for change right!

    November 12, 2010 at 8:43 am |
  3. Ruben Marin

    It's foolish to think we can pay off this deficit without everyone paying what they "can afford". The wealthy in this country are not under the same stress and financial strain as the middle class. I don't think they even know what it's like to make $40k a year and have children. There is such a displacement of wealth and reality in this country. It must be nice being wealthy!

    November 11, 2010 at 11:32 pm |
  4. Melissa Collins

    Again the Problem is not Bush Tax Cuts or even with Social Sucuity, the problem with the economy is all of the jobs lost due to us losing our jobs to other countries. The American Government is not going to solve our unemployment problems unless something is done with the companies sending our jobs to over seas countries. These companies are bringing growth to other counties and leaving us behind. To renewed growth in the states, we need to stop giving these companies tax breaks for nothing, only give them if they bring jobs back.

    November 11, 2010 at 8:25 pm |
  5. Ron Drinkard

    He we go another broken promise from a political hack in a disgraced Administration leaving a legacy of over promises, over exaggerations, and hoax and change!

    November 11, 2010 at 5:42 pm |