Axelrod: Obama may delay tax rollback for the wealthy
David Edwards and Andrew McLemore
Published: Sunday November 23, 2008


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President-elect Barack Obama may delay the rollback of high-income tax cuts for the wealthiest Americans, two of his aides said Sunday.

The tax cuts were instated by President Bush and discontinuing them was a key promise of Obama's campaign for the presidency.

Obama's political strategist David Axelrod was asked by Fox News's Chris Wallace if the measure could be allowed to expire on schedule after 2010 and avoid an immediate repeal.

"Those considerations will be made," said Axelrod, who has been selected as Obama's senior White House adviser.

Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC's "Meet the Press" that the 2010 scenario "looks more likely than not," Reuters reported.

The change in policy may suggest that Obama is wary of imposing more taxes during a financial crisis or that he is looking to boost Republican support for his recovery measures.

Axelrod reflected the importance Obama has placed on another stimulus package.

"The main thing right now is to get this economic recovery package on the road, to get money in the pockets of the middle class, to get these projects going, to get America working again, and that's where we're going to be focused in January," Axelrod said.

This video is from Fox News's Fox News Sunday, broadcast Nov. 23, 2008.




Download video via RawReplay.com




Daley: Tax increase delay is 'more likely than not'

This video is from NBC's Meet the Press, broadcast Nov. 23, 2008.




Download video via RawReplay.com




 
 


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