The Leader Board
Jun 07 2012
The Democrat Budget Chairman Joins A Growing Chorus Of Party Veterans On Extending All Tax Rates
Sen. Kent Conrad: 'Going To Have To Be Done'
"Senate Budget Committee Chairman Kent Conrad (D-N.D.), a member of the Gang of Six, said in an interview that it 'might make some sense' to extend all the taxes in the short term if lawmakers need more time to fundamentally reform the current corporate and individual tax system. 'But on a short-term basis, … I think something like that is going to have to be done,' he said of a temporary tax cut extension." ("Secret Talks Under Way On Fiscal Cliff," Politico, 6/6/12)
President Clinton: 'Economy Already Is In A Recession'
"Former President Bill Clinton told CNBC Tuesday that the US economy already is in a recession and urged Congress to extend all the tax cuts due to expire at the end of the year." ("US Already In 'Recession,' Extend Tax Cuts: Bill Clinton," 6/5/12)
- "Those comments angered the Obama re-election campaign…" ("Summers' Comment Adds To Confusion Over Extending Tax Cuts," The New York Times, 6/6/12)
PRESIDENT BILL CLINTON: "I think what it means is they will have to extend… have to put everything off until early next year. That's probably the best thing to do right now… I don't have any problem with extending all of it now." (CNBC's "Closing Bell," 6/5/12)
- CLINTON: "What I think we need to do is to find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now, and then deal with what's necessary in the long-term debt reduction plans as soon as they can…" (CNBC's "Closing Bell," 6/5/12)
Larry Summers: 'Gotta Be The Top Priority'
MIKA BRZEZINSKI, MSNBC: "You heard Bill Clinton talking about the tax cuts, obviously we had some pretty terrible unemployment numbers come out late last week. What would you advise the President to do at this point?" LARRY SUMMERS: "Look, the real risk to this economy is on the side of slow down, certainly not on the side of overheating and that means we've got to make sure that we don't take gasoline out of the tank at the end of this year. That's gotta be the top priority." (MSNBC's "Morning Joe," 6/6/12)
SENATE REPUBLICAN COMMUNICATIONS CENTER