White House hoping to implement tax cuts - KWWL - Eastern Iowa Breaking News, Weather, Closings

White House hoping to implement tax cuts

Posted:

WASHINGTON, D.C. (KWWL)-- One of President Barack Obama's chief advisers says the White House will figure out a way to get middle-class tax cuts extended after the election.

David Axelrod says the administration will continue to push the tax cuts despite stiff resistance from Republicans.

Axelrod says Republicans are holding firm to an "untenable position," and they won't be able to explain to the public why they're holding up the tax cuts for the middle class.

Republicans want to extend all of George W. Bush's income tax cuts permanently. Democrats are proposing to keep the rates where they are for individuals making up to $200,000 and for families earning up to $250,000.

Powered by Frankly