No Veto Threat on Tax Cuts to the Wealthy from Obama Yet

By Maya

Sep 9, 2010 9:34am

ABC News' Sunlen Miller reports: In an exclusive interview with ABC’s George Stephanopoulos this morning President Obama refused to issue a veto threat if Congress passes a short term extension to all tax cuts, including to the wealthy. “There are a whole bunch better ways to spend the money,” Obama replied when asked directly if a veto threat would be necessary, “What I am saying is that if we are going to add to our deficit by $35 billion, $95 billion, $100 billion, $700 billion, if that's the Republican agenda, then I've got a whole bunch of better ways to spend that money.” President Obama wants to extend the Bush tax cuts, set to expire at the end of the year, for those who earn under $200,000 a year, while Republicans want to also extend them for the top two tax brackets.

Read President Obama’s full interview with ABC’s George Stephanopoulos HERE. -Sunlen Miller

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