Issa: No compromise on tax cuts
Rep. Darrell Issa, California Republican, said Monday that he cannot accept a potential compromise that would extend tax cuts for the wealthier for 2 years while making them permanent for everyone else.
“No, I can’t,” Mr. Issa said on ABC’s “Good Morning America” program, when asked if he could accept that proposal. “Tax certainty is important, and it’s important for the investing class probably more than anybody else.”
He said small businesses that would be affected by the two-year extension needed to make longer-term decisions than just two years to create jobs.
“So if anything, this is wrong-minded,” Mr. Issa said. “In some ways you should say, look if you invest today, we’ll let you get a better deal three, four, five years from now because that’s how you create jobs. Hopefully, we’ll come to a compromise that does allow people to make decisions beyond just this tax year.”
President Obama said on CBS’ “60 Minutes” program on Sunday that the tax-cut extension proposal was a “basis for conversation” and that he sees a potential for compromise heading into negotiations.
The battle over tax cuts is the first major legislative challenge facing Mr. Obama and Congress since last week’s elections put Republicans in control of the House starting next year.
Yemen pressed for more intel
A senior administration official says the White House is pressing Yemen to share more intelligence and provide more access to al Qaeda prisoner suspects.
The senior official, speaking on the condition of anonymity to discuss strategy, says the White House also wants to speed up the training of Yemen’s counterterrorism teams to help them combat al Qaeda’s affiliate there.
Cooperation is already good, the official says, but it could be better, so the White House is using the recent near-miss with the two mail bombs found aboard two aircraft to push for more.
The Yemeni terrorist branch, al Qaeda in the Arabian Peninsula, has claimed responsibility for the plot terrorism specialists say was likely aimed at blowing up the jets on their way to the U.S.