Sunday, December 19, 2010

Biden defends Obama's tax-cuts agreement with GOP

World News
Vice President Joseph R. Biden Jr. on Sunday defended President Obama's decision to extend tax rates for all Americans as part of wide-ranging interview on key national and international issues.

Mr. Biden said that Mr. Obama still thinks extending the rates for the country's highest wage-earners is "morally troubling" and that the president broke his 2008 campaign promise on the issue only to help the middle class.

"We couldn't get it done," he said in a pre-taped interview on NBC's "Meet the Press." "We had to make a decision."

However, Mr. Biden said the president will try over the next two years to end the extensions, which were part of a deal with Republicans that also provides tax credits to businesses and extends jobless benefits to millions of unemployed Americans.

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