Washington (CNN) — President Barack Obama vigorously defended his agreement with Republicans to extend all of the Bush-era tax cuts on Tuesday, arguing that it was a price that had to be paid to spare the middle class from crippling tax hikes.
The president promised disheartened Democrats that the fight over the cuts for the highest-income Americans would continue over the next two years. He also urged them to take a long-term view of the bitter policy fights now taking place in Washington.
My “number one priority is to do what’s right for the American people,” he said at a hastily scheduled news conference at the White House. “Because of this agreement, middle class Americans won’t see their taxes go up on January 1.”
Obama blasted the Republicans for clinging to a rigid ideology that, in his opinion, has blinded the GOP to the needs and concerns of average Americans.
“I’ve said before that I felt that the middle class tax cuts were being held hostage to the high-end tax cuts,” he said. “I think it’s tempting not to negotiate with hostage takers, unless the hostage gets harmed. … In this case, the hostage was the American people. And I was not willing to see them get harmed.”
To read more, visit: http://www.cnn.com/2010/POLITICS/12/07/tax.deal/?hpt=C1
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