NationalPolitics

Gibbs: President “100% Committed” to Ending Bush Tax Cuts for Rich

[CBS News]

Obama campaign senior adviser Robert Gibbs said the president is “100 percent committed” to allowing some Bush-era tax cuts to expire.

“He is 100 percent committed to it,” Gibbs said on CNN’s “State of the Union.”

A series of tax cuts originally passed in 2001 and 2003 during George W. Bush’s presidency, and later extended, are set to expire at the end of this year. In 2010, President Obama agreed to a two-year extension, but his adviser indicated the president would not allow for another extension for couples making more than $250,000.

To read the entire article, please go to CBS News.

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