From Bloomberg - The Obama administration is considering a plan that would preserve tax breaks for both the wealthy and the middle class as it faces likely Democratic losses in the Nov. 2 midterm elections, the Washington Post reported. Administration officials are discussing “decoupling” the Bush-era tax cuts to allow permanent extension for families making less than $250,000 a year and temporary extension of cuts for those making more, the newspaper said, citing people familiar with talks at the White House and among senior congressional Democrats. The Republicans would then be under pressure to defend extending the cuts for the wealthy as they expired in a year or two. Read here:
Obama Weighing New "Us versus Them" Tactics
Posted by
Jim Spence
on Saturday, October 30, 2010
Labels:
U.S. Politics
1 comments:
Did Obama HAVE to wait till he was sure the Democrats would get slaughtered this coming Tuesday before he would suspend his personal jihad against job creators? Wouldn't it have been better to give the American people what they wanted and employed policies that WOULD help businesses in America prosper and grow? Sometimes it seems that hard headed politicians don't get it until just before they're about to be politically emasculated.
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