Hold The White House To What They Said In August About The SuperCommittee And Taxes [View All]

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"If it fails either to produce something or if Congress fails to act on it, you can be sure that the President will honor his promise to veto any legislation that would extend the Bush high-income tax cuts beyond 2012, which would, of course, create nearly $1 trillion in revenue raisers when that happens."

read: http://www.whitehouse.gov/the-press-office/2011/08/01/press-briefing-press-secretary-jay-carney-812011


White House officials said Obama would veto an extension even if it were coupled with a continuation of cuts for middle class Americans that he supports.

"The president has made clear that if we don't have comprehensive tax reform, he is not going to extend," one official said.

"And those in Congress will have to decide whether or not they will then allow the middle-class tax cuts to expire. Our sense is they probably won't. So, again, I think that's an incentive for everybody."

read: http://www.huffingtonpost.com/2011/08/01/obama-debt-ceiling-deal-bush-tax-cuts_n_914708.html