White House: Obama Open to Compromise on Bush Tax Cuts Extension

President Obama, who only in September made it clear he was against any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, now seems willing to change position. According to the White House, Obama is open to the idea of discussing extension of Bush tax cuts for “all” incomes.

Two days after congressional elections, White House spokesman Robert Gibbs signaled that Obama might consider a compromise with Republicans on extending the Bush tax cuts for the wealthiest Americans.

During the post-election presidential press conference Wednesday, the president was asked if he was willing to negotiate on an extension of the Bush tax cuts for all incomes, including that for the wealthiest Americans, Obama said “absolutely.”

During the midterm campaign, President Obama repeatedly bashed Republicans for wanting to extend the Bush tax cuts for the rich.

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