Bloomberg Applauds Tax Cut Deal
NEW YORK (AP/WCBS 880/1010 WINS/CBS 2) -- New York Mayor Michael Bloomberg is applauding the tax cut plan reached by President Barack Obama and Republicans.
Bloomberg is often critical of what he calls partisan gridlock in Washington. The billionaire mayor is a Democrat-turned-Republican-turned-independent.
But he says they got it right this time. He says the agreement is a good example of working together.
Podcast
WCBS 880's Rich Lamb reports on Mayor Bloomberg's postive reaction to Obama's tax plan
Podcast
1010 WINS Reporter Stan Brooks says Bloomberg calls tax break extension a 'good compromise'.
The plan reduces payroll taxes for a year and extends unemployment benefits.
It also extends Bush-era tax cuts for all Americans, including the richest.
Bloomberg had supported extending those cuts. He said Tuesday he supports the other elements as well.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
