American Morning
Axelrod: Americans 'going to get screwed' if tax hikes not prevented
(CNN) - President Barack Obama vigorously defended his agreement with Republicans to extend all of the Bush-era tax cuts on Tuesday, arguing 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.
Today on American Morning, President Obama's senior adviser David Axelrod responds to Democrats upset over the agreement, and how the decision affects Obama politically.
Notably, Axelrod tells AM's John Roberts, “I say the people who are going to get screwed [… ] are the American people if we don’t act to prevent their taxes from going up January 1.”
For more, watch the full interview:
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Too funny, I happened to listen to this Rush Limbaugh ( definetly not my favorite person) say that this is an attack on the rich people of this country. To say the least, my local newspaper stated while back that the people making over $250,000, paid only 7% if any at all of federal income tax. I dated a very rich man for years, He made like 8 million a year, and claimed loss because he invested in stock market and got what he called investment credit for doing so. I figured out I'd rather be poor,I could not take any more of his deciet, I learned an awful lot.. He paid not a dime in taxes for 7 years. People flipping burgers pay more in than a lot of rich people.
Did these tea party folks realize the last ten yearsas to what actually happened? Already this Connely and Boehner want to also repeal the retrictions put on the banks, that led to disaster when they were allowed to regulate themselves. And, tea party folks wanted this?
Poor Obama hires these economists, some the same ones that Bush had. This is not what Americans voted for when they put him in office.
I do love the fact that people now are paying attention, and voting more. Thank the Lord they are figuring out what is happening.
The middle class, whats left of it, gets screwed anyway. I can't believe we were stupid enough to put the Rebublicans back in office after what they did to us, and the country, the past 10 years. All you hear from them is the American people want this and that. They really mean that the American RICH, want this and that. What a joke that we, the middle class, fell for the same old crap that the Republicans have been dishing out for years.
They've left us little choice. Congress either needs to cut spending, or we need to be able to afford to keep servicing the massive debt they've stuck us with.
Don't let Congress spend like shopaholics and then scream at the people who say we have to earn more money. Either they can control their spending or they can't, if they can't, maybe a tax increase will finally convince people to vote for condidates who won't bust the budget.