Posted: Tuesday, June 5th 2012 at 10:39pm
Bill Clinton: Extend all tax cuts temporarily
By The Associated Press
WASHINGTON - Former President Bill Clinton says broad tax cuts that expire in January should be temporarily extended, including for the wealthiest Americans, to give lawmakers time to reach a deal on long-term tax reductions that he says should exclude the rich.
Clinton's comments Tuesday were in contrast to President Barack Obama, whose re-election he Clinton is supporting. Obama has opposed renewing the tax cuts for people earning more than $250,000 a year.
Reductions in income tax rates and other levies first enacted under President George W. Bush expire in January. Democrats say they want to extend the rates for all but the richest Americans, but Republicans say the wealthy should be included as well.
Clinton was interviewed on CNBC's "Closing Bell With Maria Bartiromo."
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