Clinton backs tax deal
Clinton backs tax deal
Clinton backs tax deal
MSNBC
Dec. 10, 2010
WASHINGTON — Bill Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans as the former president made a surprise appearance at Obama's side in the White House briefing room Friday.
"I don't believe there is a better deal out there," Clinton told reporters who'd been summoned at a moment's notice to see the former chief executive back the current one. Clinton and Obama had just finished a private meeting in the Oval Office.
Obama said it was a "terrific meeting" and then turned the podium over to Clinton.
The voluble former president took it away, and Obama left part-way through his remarks, saying he had holiday parties to attend.
"Both sides are going to have to eat some things they don't like," Clinton told reporters. "We don't want to slip back into a recession. We've got to keep this thing going and accelerate its pace. I think this is the best available option."
The pact would extend cuts in income tax rates for all earners that would otherwise expire next month, renew long-term jobless benefits and trim Social Security taxes for one year. A number of liberal Democrats say it gives away too much to Republicans, and a provision that's particularly irksome to Democrats cuts estate taxes for the wealthiest Americans.
Nonetheless the measure appears headed for Senate approval after negotiators added a few relatively modest sweeteners to promote ethanol and other forms of alternative energy. It's unclear whether House Democrats, who are most opposed, will be able to demand changes that go much further.
Clinton gave the package his full-throated endorsement, even while noting that he opposes the extension of upper-income tax cuts — though he himself will benefit from it.
"I personally believe this is a good deal and the best he could have gotten under the circumstances," Clinton said, urging fellow Democrats to support it.
"If I was in office now, I would have done what the president has done," he said.
Clinton also said the stalled U.S.-Russia nuclear treaty is very important for U.S. national security.
MSNBC
Dec. 10, 2010
WASHINGTON — Bill Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans as the former president made a surprise appearance at Obama's side in the White House briefing room Friday.
"I don't believe there is a better deal out there," Clinton told reporters who'd been summoned at a moment's notice to see the former chief executive back the current one. Clinton and Obama had just finished a private meeting in the Oval Office.
Obama said it was a "terrific meeting" and then turned the podium over to Clinton.
The voluble former president took it away, and Obama left part-way through his remarks, saying he had holiday parties to attend.
"Both sides are going to have to eat some things they don't like," Clinton told reporters. "We don't want to slip back into a recession. We've got to keep this thing going and accelerate its pace. I think this is the best available option."
The pact would extend cuts in income tax rates for all earners that would otherwise expire next month, renew long-term jobless benefits and trim Social Security taxes for one year. A number of liberal Democrats say it gives away too much to Republicans, and a provision that's particularly irksome to Democrats cuts estate taxes for the wealthiest Americans.
Nonetheless the measure appears headed for Senate approval after negotiators added a few relatively modest sweeteners to promote ethanol and other forms of alternative energy. It's unclear whether House Democrats, who are most opposed, will be able to demand changes that go much further.
Clinton gave the package his full-throated endorsement, even while noting that he opposes the extension of upper-income tax cuts — though he himself will benefit from it.
"I personally believe this is a good deal and the best he could have gotten under the circumstances," Clinton said, urging fellow Democrats to support it.
"If I was in office now, I would have done what the president has done," he said.
Clinton also said the stalled U.S.-Russia nuclear treaty is very important for U.S. national security.
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