Palin dislikes “lousy” tax deal – ABC
Add Sarah Palin to the list of politicos who are not happy about the tax cut package President Barack Obama crafted with Republican lawmakers.
“I think it’s a lousy deal and we can do better for the American people,” the former Alaska governor said in an interview with ABC’s “Good Morning America,” airing Friday.
Palin, a former Republican vice presidential nominee, said it’s an issue that would be best left to the new Congress that will be sworn-in in January.
“It is better to wait until they are seated and get a good deal for the American public than to accept what I think is a lousy deal, because it creates a temporary economy with even more uncertainty for businesses and it does increase taxes,” Palin said.
Palin, one of the potential challengers to Obama in the 2012 presidential campaign, expressed gratitude for his compromise — or as she put it his “flip flop” — on his original promise not to extend tax cuts to people making more than $250, 000 per year.
“I would say that it is a flip flop in his position on taxes because he was so adamant about not allowing the tax cut extension to take place for job creators, and then all of a sudden one day he was fine with it,” Palin said in the interview at her home in Wasilla, Alaska.
“He, you know, can term it compromise. I term it flip flop,” she said. “I was thankful that he did but it’s still not good enough because our economy is … at a breaking point and we are on a path towards insolvency if we do not start incentivizing businesses to start producing more in our own country.”
The $858 billion tax-cut package, heading for Congressional approval, would boost the economy but deepen the deficit.
The package would extend Bush-era tax cuts for millions of Americans, even the wealthiest, that are set to expire on Jan. 1. It also would renew jobless benefits and provide other tax breaks for working families, college students and businesses.
Photo Credit: REUTERS/Rick Scuteri (Palin at book-signing stop in Phoenix)