Obama, some Dems at odds over extending Bush tax cutsby George Bennett | September 8th, 2010
With the Bush tax cuts set to expire Dec. 31 unless Congress acts, President Obama is sticking to his position that the tax breaks should end for the wealthiest filers, pushing them into a 39.6 percent top bracket instead of the current 35 percent top rate.
Obama’s position is shared by Democratic Senate nominee Kendrick Meek. Democratic governor candidate Alex Sink, however, said in Delray Beach Tuesday that all the tax cuts should be extended.
And U.S. Rep. Ron Klein, D-Boca Raton, facing a tough reelection challenge from Republican Allen West, came out Tuesday for a one-year extension.
Says Klein: “Every day, I hear from families that are still struggling with bills and people who can’t find a job no matter how hard they try, so I believe right now, our top economic priority has to be job creation. In order to achieve that, we need tax credits for small businesses that will help create new American jobs, while also promoting investment and growth. As we work to rebuild the economy, I support a one-year extension of the so-called Bush tax cuts.”
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