(CNN) – Hot off the heels of passing a bipartisan tax compromise, Vice President Joe Biden said the administration will hold the line when the tax cut rates expire in two years.
"That's why I think I felt confident in being asked by the president to negotiate a deal of taxes that the equities and the economic imperatives will be to not extend the high-end tax cut that will cost 700 billion dollars over 10 years," Biden said Friday on ABC's "Good Morning America."
By then he said Americans will look objectively at spending and see the need to make cuts. The plan recently passed through Congress extends the Bush-era tax cuts for all income levels, including families making over $250,000 a year. The White House wanted an extension only for those making below that level.
Taxes were but one of the issues tackled during the Congressional lame-duck session, which included the repeal of the "don't ask, don't tell" policy banning gay men and women from serving openly in the military. Biden said the president "prepared the ground" for repeal.
"I remember the first time he met with the join chiefs, I was with him" Biden said. "(We) met and (he) said gentlemen, I want you to prepare now, I want to end 'don't ask, don't tell.'"
He also echoed the president's stance that the country's position on gay marriage is continually changing.
"I think the country's evolving and I think there's an inevitability for a national consensus on gay marriage, that is my view," Biden said.
Biden is taking a lot for granted.
You just had a response.There are no Liberals out of the bed yet.
You have to take what you get.We have been arising at dawn all our lives.That is what has kept this government going.
There was no tax cut for anyone. There was just not an increase in the current tax rates. This didn't cost us anything. What cost us is extending unemployment benefits that encourage people not to go out and get a job. Every American can give a list of government departments and 'help' that could be eliminated. We don't need to raise tax rates, we need to cut spending.
Joe – Unless the economy recovers and unemployment drops to around 4%, you idiots won't be around in two years. Now off to the mall to do what you do, spend, spend and spend, only this time use your own money!
Hopefully the tea partiers will recognize that there needs to be a transition to higher tax rates for everyone so that we can start to pay down some of this debt. If we can phase out some of the exemptions and loopholes and raise the rates, that will bring in more money to pay down the debt. All we need is a way to make sure that the money doesn't get spent on anything but the debt that we have accumulated. This is one half of what needs to get done.
I would hope that the president would have the VP review programs in each department and find ways to eliminate ones that don't work. There also needs to be a way to reduce the need for specialized rules that slow what government needs to get - like equipment needing to match very specific guide lines that make little to no sense.
If Sarah Palin had written "hot off the HEALS" the entire lamestream media would have accused her of an attempt to create a new word. Saturday Night Live would do skits. Leno, Letterman, Conan, and Daily would have material for a week.
Tax cuts are not costs.... Spending incurs costs. Cut spending to reduce debt. Tax increases never helps the taxpayer. Democrats, stop thinking our money is yours to use.
Biden could not think his way out of a paper bag... What a putz.
S.B. Stein E.B. NJ
Hopefully the tea partiers will recognize that there needs to be a transition to higher tax rates for everyone so that we can start to pay down some of this debt.
Hopefully the liberals will recognize that when America prospers Government revenues go up too, and raising taxes is not the only way to pay off debt. In fact, it is the least desirable way. Increasing national prosperity being the most desirable.
Greers Ferry – I have a bridge in NYC I can sell you for cheap. What do you mean tax cuts don't cost us. Take a look at the rates under Eisenhower when he built the interstate system. The rich were paying nearly 90% back then. Now they pay 36%, and that's the same for billionaires as it is for folks who make $100,000 a year. And now they're talking about cutting SS to pay for it? And the 99ers are SOL. What would you like to see, people dropping dead because they can no longer shelter or feed themselves? Seriously? Is that the kind of country you would be proud of? It's sickening how many people fall for the lies.