Barack Obama admits that tax increases–even on rich people–hurts the economy:
President-elect Barack Obama may consider delaying a campaign promise – to roll back tax cuts on high-income Americans – as part of his economic recovery strategy, two aides said on Sunday.
David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. “Those considerations will be made,” he said on “Fox News Sunday.”
Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC’s “Meet the Press” that the 2010 scenario “looks more likely than not.”
So the President-elect has become an adherent of trickle-down theory. Someone tell the netroots what their electoral efforts hath wrought.
Daniel Horowitz
Neil Stevens
Steve Maley
Jake Walker
We're telling ourselves (Lurker):
Sport Monday, November 24th at 1:05AM EST (link)http://www.dailykos.com/story/2008/11/23/13131/782/657/665472
In a recession, the generally accepted method of recovery is to lower taxes and increase spending. That doesn’t change the fact that we already have a huge deficit that will eventually need to disappear.
You’re also ignoring that this comes with news from aides that he plans on having an even more agressively progressive taxation system than his original plan when it does become safe to impose one.
Please now joke about whether or not this is the final version. My guess: no.
Pej, Obama said so himself during the campaign
JPH (Diary) Monday, November 24th at 1:30PM EST (link)see here.. Of course the media didn’t report it.
still a big difference
socallib Monday, November 24th at 4:10PM EST (link)between waiting for them to expire and making them permanent.