Romer: President Stands By Cadillac Tax

By Jacqueline Klingebiel

Jan 10, 2010 11:35am

The President stands by the proposed Cadillac tax — that’s what his top economist told me on This Week.  Dr. Christina Romer said,  “The important thing the president has said that he thinks that this excise tax on Cadillac plans is important.  He's been convinced by experts across the ideological spectrum that say this is one of those things that genuinely slows the growth rate of costs, and anybody that's worried about the budget deficit knows that we've got to — to do that.”

Romer did say the President is open to tinkering with the details of the Cadillac tax, “there are design issues here….he's going to be continuing to — to work with the Congress to say, are there ways to — to make it work better?”  But she added that the President wants to maintain the focus on cost containment.

Watch Video HERE:

- George Stephanopoulos

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