White House: No Tax Cut Extension for Rich, Period

President Barack Obama will not extend the Bush-era tax cuts for wealthier Americans — even temporarily, the White House insisted Wednesday, shrugging off calls for a temporary extension to allow more time for a deal on deficits.

"President Obama has been clear about his position and it has not changed," White House press secretary Jay Carney told reporters traveling with Obama to California. "We should not extend and he will not extend the ... Bush-era tax cuts for the wealthiest 2 percent of the American people."

Pressed directly on whether Obama would support a temporary extension, Carney said: "He will not. Could I be more clear?"

Read it and weep: http://www.cnbc.com/id/47706750