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Another Top Democrat Calls on President Obama to Abandon His Tax Hikes Amidst Tough Economic Times
Yesterday, it was former President Bill Clinton...
"However, Clinton did say that Congress would be best off agreeing, at least for the time being, to extend all the tax cuts that are set to expire at the end of the year, including the so-called Bush tax cuts named after Clinton's successor, George W. Bush." (Source: CNBC)
Today, it is the President's former top economic adviser Larry Summers...
"Lawrence Summers said Wednesday that Congress should temporarily extend Bush-era tax cuts, making him the second person with ties to the White House who is undercutting President Barack Obama’s position that the rates on upper-income Americans should rise at year’s end.
"'The real risk to this economy is on the side of slow down…and that means we’ve got to make sure that we don’t take gasoline out of the tank at the end of this year,' he said on MSNBC’s 'Morning Joe' program. 'That’s gotta be the top priority.'" (Source: Wall Street Journal)