Obama 'Open' to Tax-Cut Compromise

President may be willing to give ground after midterm losses
By Matt Cantor,  Newser User
Posted Nov 5, 2010 10:37 AM CDT
Senate Minority Leader Sen. Mitch McConnell of Ky., delivers his remarks on the elections and policy agenda for moving forward, Thursday, Nov. 4, 2010, at the Heritage Foundation in Washington.   (AP Photo/Manuel Balce Ceneta)
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(Newser) – In what promises to be an, ahem, interesting dinner party, President Obama will meet with both sides of the aisle at a Nov. 18 White House dinner—during which tax cuts will be at the top of the agenda. What's more, the White House may be willing to compromise in the wake of Tuesday's losses, Reuters reports. Obama is “open to listening to” the debate over prolonging Bush cuts for the rich, set to expire at year’s end, said Robert Gibbs.

But he's not willing to give entirely, adds Gibbs. "The president does not believe—and I think would not accept — permanently extending the upper-end tax cuts." Republicans, meanwhile, say they aren’t planning to do much compromising. Instead, their goal, reiterated Senate minority leader Mitch McConnell, “is to put someone in the White House who won't veto” a repeal of health care reform.

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