UPDATE 1-W.House aide sees tax deal succeeding in Congress

(Adds Axelrod quotes on U.S. fiscal deficit)

WASHINGTON, Dec 8 (BestGrowthStock) – The White House believes
President Barack Obama’s tax deal with Republicans will succeed
in Congress, despite criticism from Democrats who oppose
extending tax cuts for wealthier Americans, a senior Obama aide
said on Wednesday.

White House adviser David Axelrod told ABC’s “Good Morning
America” that lawmakers should accept the package of extended
Bush-era tax cuts and unemployment compensation as necessary to
boost to economic growth and job creation.

“I think people will come around on this and we’ll get this
done,” Axelrod said in one of several television appearances a
day after Obama defended the compromise deal at a White House
news conference.

“The exchange is good. We ought to be willing to make it,”
he added. “Now’s when the economy needs the maximum jolt.”

Obama’s tax-cut agreement has been praised by his
Republican opponents but denounced by liberal Democrats.

Liberals accused him of caving to Republican demands by
agreeing to extend all the Bush-era tax cuts, even those for
wealthier Americans, instead of their preference for limiting
the tax cuts to families making less than $250,000 a year.

The deal could be seen as a move toward the political
center after Nov. 2 elections in which Democrats suffered huge

Axelrod suggested that details of the agreement could still
be altered as the package makes its way through Congress. But
he said the main elements are unlikely to change.

“The framework of the deal is in place,” he said when asked
if the package was set in stone. “Obviously, compromise means
compromise. That means each side accepts things they don’t

The Obama adviser said the package has been accepted by a
broad range of economists as a measure that would help the
meager economic recovery, despite critics who note that it does
not address the ballooning U.S. fiscal deficit.

“The most important thing we can do right now is to get our
economy moving,” Axelrod said on NBC’s “Today” show.

“We’re going to have to deal with this deficit challenge in
the mid- and long-term. But these are temporary tax measures
that go out of business in two years, and then we can have a
discussion about how we move forward.”
(Reporting by David Morgan; Editing by Eric Beech)

UPDATE 1-W.House aide sees tax deal succeeding in Congress