Summers: Bush Tax Cuts Won't Be Extended

Sunday, January 25, 2009 9:25 PM

By: Newsmax Wires

President Obama's senior economic advisor made clear Sunday that any idea of renewing the Bush tax cuts, set to expire in 2010, is a dead issue.

Lawrence H. Summers, a former Treasury secretary and head of the White House's National Economic Council, made clear to “Meet the Pressâ€