Rep. Darrell Issa, a California Republican, says he'll oppose any compromise that fails to make permanent Bush-era tax cuts for the most wealthy Americans.
Issa, in line to head the House Oversight and Government Reform Committee, said Monday on ABC's "Good Morning America" that "tax certainty" is probably more important for investors than for other Americans, to give them incentives to make investments that create jobs.
President Barack Obama says the Bush tax cuts, which are to expire in January, should be made permanent for middle-class Americans. But he says it would be unfair to extend them to America's wealthiest because they don't need the money and taxpayers would have to borrow $700 billion to pay the tab.
© 2010 The Associated Press.