the tax cuts for the wealthiest Americans will be a management objective for 2012 , Joe biden said

The President Joe Biden said that ending the tax cuts for the wealthiest Americans will be a management objective for 2012 and predicted Democrats would press ahead with efforts to get more revenue from increased revenue.
"We will be able to make the case much more clearly than spending $ 700 billion over 10 years to extend tax cuts for people whose average income of more than a million dollars does not make sense," Biden said in an interview NBC's "Meet the Press." The vice president also said the economy would be stronger in two years.
Biden defended his commitment to tax cuts of President Barack Obama forged with Republican leaders and promulgated on December 17 saying that boosting economic growth and reduce unemployment rate hovers around 10 percent.
"This is going to grow the economy faster next year than they have," said Biden. "That means more workers."
The legislation extends until 2012 - when Obama faces re-election - any reduction in income, capital gains and dividends that were originally enacted in 2001 and 2003. It also follows extended unemployment insurance benefits until 2011, cuts in payroll taxes by 2 percentage points in 2011 and allows companies to write off 100 percent of capital investment.
Democratic Defectors
Some Democrats defected from the agreement of the administration and voted against the plan, arguing that he betrayed his campaign promises not to extend tax breaks for the wealthiest Americans. He had argued that U.S. can not afford to keep tax cuts for families earning over $ 250,000 a year. He also unsuccessfully pushed for higher taxes on the largest estates.
"We went to the rug," said Biden. "We reached the final, we could not perform and we had to make a decision."
The agreement prevented the council tax rates-to rise on 1 January.
Biden said he and Obama still believes that tax cuts adopted in the Republican President George W. Bush's top earners are "morally problematic."
Biden yesterday praised Congressional approval of a measure to repeal the "do not ask, do not tell" ban on military service by openly gay men and women.
"We will not waste the skills of combat soldiers, and interpreters who happen to have a different sexual preference," he said.