Monday, September 8, 2008

Obama: Recession Could Delay Rescinding Tax Cuts

Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession.

Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday.

"Even if we're still in a recession, I'm going to go through with my tax cuts," Obama said. "That's my priority."

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