The Obama Administration just can't seem to get former President Bill Clinton to shut up. Yesterday in an interview on CNBC, Clinton said that all federal income tax rates that are scheduled to go up in January should be temporarily kept the same, including rates paid by the most productive Americans. Clinton said it would be wise to give Congress time to reach a deal on a longer-term extension that cuts the deficit, but does not do anything to further derail an economy that is already floundering.
Clinton's views directly contradict those held by President Obama. Obama, who has kept tax rates the same for his entire first term, has reversed policy course in 2012. He now says he is opposed keeping tax rates the same for people earning over $250,000 a year. Obama has implied this segment of the population is not paying its "fair share" of the cost of government.
It is unclear what Clinton is up to. Last week the former president refused to distort Mitt Romney's record at Bain Capital calling it "good work" shortly after the Obama campaign unleashed a firestorm of controversy when ran television ads suggesting Romney's former firm was a vulcher investment entity that sucked the blood out of companies and killed jobs.
Some experts believe Clinton, who has always resented the race card that was played against Hillary Clinton in the 2008 presidential primary, is sabotaging Obama's re-election efforts to pave the way for another run by his wife in 2016.
Some experts believe Clinton, who has always resented the race card that was played against Hillary Clinton in the 2008 presidential primary, is sabotaging Obama's re-election efforts to pave the way for another run by his wife in 2016.
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