President Meets on Tax Negotiations
Potential problems for tax cuts remain possibility in House.
Compiled by staff
Published: Dec 7, 2010
President Barack Obama went behind closed doors Monday to discuss the ongoing tax negotiations with leading House Democrats, many of whom are believed to be unhappy with a potential deal to extend the Bush-era cuts for the richest Americans. A Democratic Congressional source told CNN they won't rubber stamp a deal between the White House and Senate Minority Leader Mitch McConnell, R-Ky. They say they want to make it clear not to take their support for granted.
Earlier Monday, President Obama reiterated his position that extending the cuts for the wealthiest Americans would be fiscally irresponsible, and stressed the opinion of Democratic leaders that an extension of unemployment benefits needs to be part of any agreement with the GOP.
Speaking in Winston-Salem, North Carolina, the President said, "We've got to make sure we are coming up with a solution, even if it is not 100% of what I want or what the Republicans want."
Before the meeting, White House Deputy Press Secretary Bill Burton told reporters that negotiators have been making progress and the President is confident within the next couple of days they will reach a deal.
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