White House senior adviser David Axelrod refused Sunday to directly answer whether a temporary extension of the 2001 and 2003 tax cuts for upper income levels has been ruled out, telling the host of “Fox News Sunday,” “I’m not going to negotiate with you on this program.”
He also said the administration will wait until the president’s deficit commission issues its final report before commenting on its proposals. As for his own future, Axelrod predicted he would move from the White House and into his role in Obama’s re-election campaign sometime in the late winter or early spring.
The tax cuts expire at the end of the year, and President Barack Obama has sought to permanently extend them for the first $250,000 in income for families, while Republicans and some Democrats seek an extension for all income levels. Although the president has ruled out a permanent extension for upper income levels, he and his advisers have appeared to leave themselves some wiggle room for negotiating a deal on a temporary measure in order to secure the cuts for lower income levels.
“Let me repeat what the president’s position is: We have to extend these middle-class tax cuts — absolutely have to do that. We should do that permanently,” Axelrod said Sunday, adding that the president’s position has “not changed at all.”
He added, “We cannot afford to go the additional step and permanently cut taxes primarily for millionaires and billionaires at the cost of $700 billion for the next 10 years alone.”
Obama “is eager to sit down and talk about where we go from here,” Axelrod said. The president has invited a bipartisan group of leaders from both chambers to the White House on Thursday.
Sen. Jim DeMint said he would be willing to compromise with the president to pass a temporary, across-the-board extension.
“I hope we can get a permanent extension,” the South Carolina Republican told “Fox News Sunday” host Chris Wallace. “But if the president wants to compromise on a two- or three-year extension, what’s important here, Chris, is that businesses know what their tax rates are going to be over the next few years so they can plan growth and plan to add people. If we keep things in a state of flux, I’m afraid we’re going to continue to have a jobs problem.”
Meanwhile, Sen. Charles Schumer pushed his compromise proposal to extend the tax cuts for everyone making less than $1 million a year during an appearance on CBS’ “Face the Nation.”
“I think there is a compromise in the making,” the New York Democrat said, predicting that Republicans would not want to be seen holding up tax relief for the middle class over millionaires and billionaires. Schumer said his proposal would also protect nearly every small business from paying higher taxes.
Visitors get their first look at the American Veterans Disabled for Life Memorial, which opened to the public on Monday, Oct. 6, 2014. The new memorial is located off Independence Ave. SW between the Rayburn House Office Building and HHS. Buy photo here.