President Obama is prepared to announce his opposition to extending tax cuts for the wealthy during an economic speech in Cleveland Wednesday, but White House officials told Fox News not to expect the president to draw a line in the sand.

The New York Times reported Wednesday that during his speech, Obama will affirm that he is against any type of deal extending high-income tax cuts beyond this year. But White House officials told Fox News that the Times article is overwritten.

It waved off suggestions of a definitive statement but did not outright deny the president’s intention to let the Bush-era tax cuts for the wealthiest Americans expire.