WATCH: Dems Say Compromising on Bush Tax Cuts Would be a "Huge Mistake"

One of the top priorities of the new Republican leadership in congress, allegedly elected out of their love for the common man, is to immediately act to protect the Bush administration's massive tax cuts aimed at the very wealthy.

While in the past, President Obama has made it very clear that he wants to allow these cuts for the wealthy to expire, he has already signaled that this is an area he's willing to compromise on. Specifically, at a dinner he's hosting on November 18th for new House leaders the tax cuts issue will be the top issue on the agenda--and a delay of a few years on allowing them to expire might be the President's version of an early bone thrown to the Republicans in congress.

"He'd be open to having that discussion and open to listening to what the debate is on both sides of that," White House Spokesman Robert Gibbs told the press, according to Reuters. "The president does not believe -- and I think would not accept -- permanently extending the upper-end tax cuts," Gibbs said.

But a compromise for some is a cave-in for others. Watch a series of Democrats tell Cenk Uygur on MSNBC that to repeal the cuts is a mistake.

Read the full story at Reuters.

AlterNet / By Sarah Seltzer

Posted at November 5, 2010, 3:25am