House to Hold Line on Taxes in 2012; 'Inevitability' of National Consensus on Gay Marriage; Air Bases May Remain in Afghanistan Past 2014
December 24, 2010 7:00 AM
The president’s primary negotiator for the tax cut deal on Capitol Hill told me the administration will hold the line in two years when those cuts expire despite the surge of incoming GOP congressmen about to flood Capitol Hill.
“George, that's why I think I felt confident in being asked by the President to negotiate a deal on taxes that the equities and the economic imperatives are going to be to not extend the high end tax cut, which would cost $700 billion over 10 years. And not extend this overly generous estate tax,” Vice President Joe Biden told me.
Is that a guarantee?
“Nothing’s a guarantee,” he said.
“But I think all the equities, if people look at it objectively, are going to say we have to cut spending. We have to deal with tax revenues. And the obvious, obvious place to do that is not to add another $700 billion dollars to the debt for the high end tax cuts and/or another $120 billion dollars to the debt for this overly generous estate tax,” Biden told me.
Another hot topic during this lame-duck session of Congress – Don’t Ask, Don’t Tell, which Obama signed into law on Wednesday.
The vice president agreed with Obama’s comments that his position on gay marriage is “evolving.” Biden said there is an “inevitability for a national consensus on gay marriage.”
“I think the country's evolving. And I think you're going to see, you know, the next effort is probably going to be to deal with so called DOMA
,” he said.
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http://blogs.abcnews.com/george/2010/12/exclusive-vice-president-joe-biden-white-house-to-hold-line-on-taxes-in-2012-inevitability-of-nation.html