Memphis Mayor AC Wharton Jr. thinks President Obama got the best deal he could get by agreeing to an extension of the Bush tax cuts for all income levels, in return for things like an unemployment benefit extension that was due to expire soon.
From the Mayor:
The White House
Office of the Press Secretary
For Immediate Release
Memphis Mayor Backs Middle Class Tax Cut Framework
OFFICE OF MAYOR A C WHARTON, JR.
CITY OF MEMPHIS
Memphis City Hall
125 North Main Street, Suite 700
December 8, 2010
STATEMENT FROM MAYOR A C WHARTON, JR.
“I want to applaud President Obama and his efforts in championing the cause for millions of Americans through the extension of tax cuts for the middle class and the sorely needed extension of unemployment benefits. The President’s willingness to change strategies by compromising on the matter of extending tax cuts to the wealthy in order to Preserve middle class tax cuts and sustain unemployment benefits was the right thing to do. In fact, I believe his decision represents the pragmatism local officials must consistently employ to make any real progress as we face the individuals our decisions impact daily.
Being on the ground also allows us to see the constant flow of despair that has replaced the bi-weekly paychecks for men and women who have lost their jobs and much of their confidence. Beyond the economic impact, I believe that this extension of benefits and tax cuts together will be a real morale booster for struggling families as the economy continues to rebound.”