12/10/2010 05:55 pm ET Updated May 25, 2011

John Hickenlooper Unenthusiastically Supports Obama Tax Cut Compromise

Colorado Governor-elect John Hickenlooper has come out in favor of the tax compromise struck between the White House and Congressional Republicans, albeit unenthusiastically.

In a statement Friday, Hickenlooper said that he "understand[s] why the President's compromise on extending the Bush tax cuts is controversial and imperfect, particularly with regard to deficit reduction. But a prolonged political fight over the tax cuts and extending unemployment benefits would not be good for the country or the economy."

Earlier this week, President Obama announced that he had reached a deal that would extend the Bush Tax Cuts, which were due to expire in 2011, two years for all income brackets. In exchange, the Republicans agreed to extend unemployment insurance benefits for one year.

The deal has not been received well by many Democrats. The deal--as written--was rejected by House Democrats earlier this week, and is currently being filibustered in the Senate by Bernie Sanders, an independent from Vermont who caucuses with the Democrats.

Colorado Senator Mark Udall called the deal "irresponsible" in a release on Monday. Senator Michael Bennet said he would support the bill even though he also said it was flawed.