Obama: Bush Tax Cuts For The Rich Won’t Create ‘One Single Job’

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Think Progress: Obama: Bush Tax Cuts For The Rich Won’t Create ‘One Single Job’

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And in an interview on NPR this morning with Morning Edition host Steve Inkseep, President Obama reflected this point of view, agreeing that the tax cuts for the wealthy will not create “one single job“:

INSKEEP: Let me ask you about something that we heard from one of our listeners. … The question that we got was: “Please ask him how keeping the tax rate for the richest the same as it has been for a decade creates one single job.”

OBAMA: It doesn’t, which is why I was opposed to it — and I’m still opposed to it.

The issue here is not whether I think that the tax cuts for the wealthy are a good or smart thing to do. I’ve said repeatedly that I think they’re not a smart thing to do, particularly because we’ve got to borrow money, essentially, to pay for them.

The problem is, is that this is the single issue that the Republicans are willing to scotch the entire deal for. And in that circumstances — in that circumstance, we’ve got, basically, a very simple choice: Either I allow 2 million people who are currently getting unemployment insurance not to get it, either I allow the recovery that we’re on to be endangered or we make a compromise now.

Listen here:

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