Obama Will Put 'Money in Your Pocket'

Senior advisor says President-elect still plans on middle-class tax cut

Sunday, Dec 28, 2008  |  Updated 10:39 AM PDT
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Obama Will Put 'Money in Your Pocket'

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Despite a sagging economy, Obama senior advisor David Axelrod says the President-elect will move forward with the middle-class tax cut.

 Put money in your pocket. That's what Obama senior advisor David Axelrod says the new administration wants to do with the middle-cass tax cut.

Despite the sagging economy, Axelrod says the President-elect will keep is campaing promise, sort of.

Axlerod also told NBC's "Meet the Press" that theadministration still plans to let President George W. Bush's tax cuts expire. Axlerod says those tax cuts skew to the wealthy, and "it's something we plainly can't afford."
  
Axlerod says letting Bush's tax cuts expire or eliminating them  early while adding Obama's middle-class tax cut will "restore some balance" and end up being a "net tax cut."

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