President Obama delivers a statement to the press on tax cuts and unemployment insurance in the White House, Dec 6
President Obama announced Monday that he reached a “framework” of a deal with Republicans over extending the Bush tax cuts for the rich for two years in exchange for an extension of unemployment insurance and other tax credits.
“There are things in here that I don’t like, namely the extension of the tax cuts for the wealthiest Americans and the wealthiest estates,” he said.
Obama chastised liberals who he said would rather have the Bush cuts expire at the end of the year than compromise, calling on them to legislate for working families instead of waging symbolic fights in Washington.
“As sympathetic as I am to those who prefer a fight over compromise, as much as the political wisdom may dictate fighting over solving problems, it would be the wrong thing to do,” he said.
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