Obama Wants Upper Income Tax Cuts Ended in 2012, Jarrett Says
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Valerie Jarrett, a senior adviser to President Barack Obama, said the administration will work over the next two years to end tax cuts for the wealthiest Americans that were included in broader tax legislation passed this month.
Obama, in a compromise with Senate Republicans, agreed to a two-year extension of tax reductions for family income above $250,000 coupled with an extension of unemployment benefits. Jarrett said the issue will come up again before the 2012 presidential elections.