Obama Defends Tax Deal, Slams ‘Hostage Taking’ Republicans

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Washington– President Barack Obama vigorously defended his agreement with Republicans to extend all of the Bush-era tax cuts, arguing Tuesday 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.”

Read more at CNN


Bush Tax Cats Extended

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