'Obama would veto any extension of tax cut on the rich'

Nov 10 2012, 09:37 IST
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US President Barack Obama would veto any Congressional extension of tax cut on the rich.  (Reuters) US President Barack Obama would veto any Congressional extension of tax cut on the rich. (Reuters)
SummaryUS President Barack Obama would veto any Congressional extension of tax cut on the rich.

that we can continue to invest in education and infrastructure, and research and development of the elements that are so key to sustained economic growth, but that he's not wedded to every detail of that plan”, he said.

Carney said Obama understands that the message of the election was that the American people want action, not political posturing and argument.

"They want action. There really is, in the bill that passed the Senate, an opportunity to do some very good work for the American people, very good work for the American economy right away to send a signal that cooperation and compromise is possible," he said.

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