Clinton Gives Obama New Problem
HUFFINGTONPOST.COM - Former president Bill Clinton caused additional headaches for the Obama campaign on Tuesday when he told CNBC that he wouldn't have a problem with Congress temporarily extending all the Bush tax cuts, which are due to expire at the end of the year.
Clinton went on to insist that President Obama should not sign off on legislation that would extend the top end tax cut rates permanently, a concession that Republicans have demanded. In that regard both he and Obama are on the same page: They both believe the high-end Bush tax cuts need to be de-coupled, extended for the middle and lower classes and ended for the upper earners. But Clinton's insistence that he would have "no problem" extending all of the tax cuts for some amount of time puts the Obama campaign in an awkward position. In this hyper-political climate, Republicans were quick to pounce on the daylight between the current and former Democratic president. click here to read more
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