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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (500545)8/3/2009 2:05:19 PM
From: tejek  Read Replies (1) of 1584048
 
Gibbs: No tax hike for middle class

20 minutes ago

(AP:WASHINGTON) The White House spokesman says President Barack Obama is committed to not raising taxes on U.S. families earning less than $250,000.

Robert Gibbs restated that assurance Monday after two top White House officials suggested over the weekend that they could not rule out tax increases as the administration struggles to cut the budget deficit in half in the coming years.

In appearances on TV network news shows Sunday, Treasury Secretary Timothy Geithner said the White House was not ready to rule out a tax hike to lower the federal deficit. National Economic Council Director Larry Summers said Obama's proposed health care overhaul needs funding from somewhere.

Gibbs said the president "has made a very clear commitment to not raise taxes on the middle class."
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