Goolsbee: Obama doesn’t need to take tax cut lessons from anyone

By David Edwards
Sunday, September 12, 2010 12:11 EDT
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New chief economic adviser won’t say how many jobs second stimulus will create

House Minority Leader John Boehner said Sunday that he would be willing to vote for extending only the middle class tax cuts if that’s the only option he had.

“If the only option I have is to vote for some of those tax reductions, I’ll vote for it,” Boehner told CBS’ Bob Schieffer.

President Barack Obama’s newly-appointed chair of the White House Council of Economic Advisers agreed that the Congress should move forward with extending those tax cuts.

“If he’s truly saying that we can, as the president called for, get a broad consensus to extend the middle class tax cuts, we should do it,” Austan Goolsbee told ABC’s Christiane Amanpour.

But Goolsbee observed that Boehner still wanted to extend tax cuts for the richest Americans. “I think Representative Boehner made clear he wants to go back to the tax policy and budget policy of the Bush administration,” Goolsbee noted.

“But he did make the economic argument that at this time, it would trim consumer demand,” noted Amanpour.

“Well, the president does not need to take lessons in tax cuts from anyone. He cut taxes for hundreds of millions of people. We have cut taxes across the board. We cut taxes for small business eight different times,” he replied.

This video is from ABC’s This Week, broadcast Sept. 12, 2010.

Goolsbee won’t say how many jobs second stimulus will create

Goolsbee refused to say how many jobs would be created by a new bill that would spend $50 billion on infrastructure and another $200 billion in tax cuts for companies.

ABC News reported:

“It obviously depends on how you do it,” he said. “It could have a significant impact on trying to get investment in factories…by small businesses in buying equipment, research and development and job creation in this country,” [Austan] Goolsbee said on “This Week.”

“Do you have sort of a target number?” Amanpour pressed.

“I do not want to speculate on that,” Goolsbee replied. “The point of those policies, they aren’t spending – they’re the government giving tax cuts to businesses to invest in this country, that’s what they are.”

Appearing on Fox News Sunday, Goolsbee told Chris Wallace that unemployment would stay high for the near term.

“I don’t think the unemployment rate will be coming down significantly at any time in the near future,” said Goolsbee.

This video is from ABC’s This Week, broadcast Sept. 12, 2010.

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David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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