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Recommend Obama Reportedly Agrees to Allow Rich Bigger Tax Cut Than Middle Class (Email)

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David Axelrod, the senior adviser to President Barack Obama, says that the White House has conceded to Republicans in giving into tax cuts for the wealthy, a legacy of a Bush-era policy to reduce federal taxes for various income classes. He doesn't, however, say that the rich should enjoy the tax cuts forever, but the decision to agree to a temporary extension of the cuts may be a moot point, because it likely will simply push the issue to a future presidential term.


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