Biden defends compromise on tax cuts
Sunday, December 19, 2010
WASHINGTON (AP) — Vice President Joe Biden is defending the Obama administration’s willingness to extend tax cuts for the top earners despite earlier promises that he and the president would fight against the Bush-era policy.
Biden says the White House decided to compromise with Republicans so taxes didn’t rise for the middle class. He says the administration will fight to end the upper-income tax cuts in two years, when the extension that President Barack Obama signed on Friday expires.
Biden tells NBC’s “Meet the Press” that he and Obama still find the tax cuts for upper-income earners “morally troubling.”