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Published 07 Dec, 2010 09:51pm

Obama defends tax deal, says he's kept promises

"Take a tally. Look at what I promised during the campaign. There's not a single thing that I haven't done or tried to do," the president said.

He staunchly defended his decision to deal with the GOP in order to extend about-to-expire tax cuts for all Americans.

"There are some who would have preferred a protracted political fight," the president said at a White House news conference a day after the compromise was announced. "And I understand the desire for a fight. I'm sympathetic to that."

Many Democrats in Congress are unhappy about the agreement because it continues tax breaks for the wealthiest Americans. But Obama said a long political battle "would be a bad deal for the economy. And it would be a bad deal for the American people."

He promised a renewed fight during 2012 when the tax cuts would expire again, making the point that he still opposes the Republican position that high-income earners should get the extension, too. The agreement includes individuals making $200,000 or more a year and families making $250,000 or more.Obama called "tax cuts for the wealthy" the Republicans' "holy grail."

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