President Obama wants to end the George W. Bush tax cuts for the wealthy when they expire this year, aides said today.
“He will not support extension of the upper income Bush tax cuts,” said White House press secretary Jay Carney.
“He could not be more clear,” Carney added.
The comments came as former president Bill Clinton and others suggest that a temporary extension of all the Bush tax cuts may be necessary so that Congress can work out a long-term deal to reduce the federal debt.
The Bush tax cuts expire at the end of the year, but no action is expected before the Nov. 6 election.
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