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article imageLeno examines Obama's testiness with tax issue on 'Tonight Show'

By Michael Krebs     Dec 8, 2010 in Entertainment
In his opening monologue for the 'Tonight Show' on Tuesday, Jay Leno explored Obama's compromise on extending current tax rates - showing the president to be considerably annoyed.
Jay Leno used a portion of his opening monologue on NBC's "Tonight Show" to examine President Obama's discomfort with agreeing to Bush-era tax rate extensions with Republican legislators.
"I'll give you an idea how bad it is for him - now Democrats want to see his birth certificate," Leno said.
President Obama and his Democratic allies in the House and Senate have been markedly opposed to the topic of continuing the current tax rate for all Americans, arguing that the extensions would amount to bad fiscal policy. However, it now appears that a significant compromise has been reached - one that would extend the Bush-era tax rates for the next two years, tethered also to an extension of unemployment benefits for the next 13 months.
Many Democrats remain notably opposed to President Obama's outreach to the Republican leadership on the matter of the tax rate extensions. At an explanatory news conference on Monday, President Obama appeared visibly unhappy with the decision toward tax-related compromise.
"He tried to put a good face on it today," Leno said. "But boy, did he look testy at that press conference. Did you see him? He's trying to make the best of it, but he looked mad."
Leno then plays the clip from the Obama press conference, including an ending that did not make it onto network television.
While the president is working to keep Democrats in line on this issue, a failure to reach a compromise would result in tax increases for 95 percent of Americans effective January 1. Additionally, if nothing is done, millions of Americans who are struggling to find work will lose their unemployment benefits - a cascading event that could very well lead to more foreclosures and broader economic implications.
More about Leno, Obama, Taxes, Tonight show, Democrats
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