Former President Bill Clinton Agrees: Assembly Democrats Giving Up On Raising Taxes “Probably The Best Thing To Do Right Now" To “Avoid The Fiscal Cliff”
President Bill Clinton: What I think they should do is find a way to keep the expansion going. … But they're trying to figure out a way to promote growth. And what I think we need to do is to-- find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now ….
CNBC’s Maria Bartiromo: So does that mean extending the tax cuts?
Clinton: Well, I think what it means is they will have to extend-- they will probably have to put everything off until early next year. That's probably the best thing to do right now. (CNBC’s “Closing Bell,” 6/5/12)