WASHINGTON (MNI) – The following statement was issued by the White
House following the 234 to 188 House vote approving extension of middle
class tax cuts Thursday:
The President continues to believe that extending middle class tax
cuts is the most important thing we can do for our economy right now and
he applauds the House for passing a permanent extension. But, because
Republicans have made it clear that they wont pass a middle class
extension without also extending tax cuts for the wealthy, the President
has asked Director Lew and Secretary Geithner to work with Congress to
find a way forward. Those discussions started just yesterday and are
continuing this afternoon. The talks are ongoing and productive, but
any reports that we are near a deal in the tax cuts negotiations are
inaccurate and premature.
** Market News International Washington Bureau: 202-371-2121 **
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