WH's Bernstein: Millionaires "Don't Need The Extra Cash"
Jared Bernstein, chief economic adviser to VP Biden, says the administration's plan will build on the momentum of the growing economy. "Anyone who thinks that these tax cuts for our millionaires and billionaires costing $700 billion over 10 years -- we we're just talking about the importance of that long-term budget under control. This is a great way to lose control of that and if you think an extension of one or two years is going to hold, I think that is very misguided political thinking," Bernstein said on FOX News.
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