November 5, 2010

JUST WAITING TO BE TOLD WHAT TO DO:

GOP, Obama embrace Bush tax cuts compromise (ANDREW TAYLOR, 11/05/2010 , AP)

A possible compromise on extending Bush-era tax cuts for rich and poor alike — at least for a while — is in the works after the Republican triumph in midterm elections.

A day after President Barack Obama signaled flexibility on taxes following the “shellacking” voters delivered to Democrats, White House press secretary Robert Gibbs said Obama is willing to consider a compromise for a one- or two-year extension of the full roster of tax cuts, even for families earning more than $250,000 a year.

Posted by Orrin Judd at November 5, 2010 5:18 AM
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