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View Full Version : Obama May Delay Tax-Cut Rollback For Wealthy



Psychoblues
11-23-2008, 08:41 PM
He's a good tax cutting American President. What's wrong with that?!?!?!?!?!?!?!?!?

By Randall Mikkelsen

WASHINGTON (Reuters) - 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."

President George W. Bush's tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels, when the top individual tax rate was 39.6 percent.

Obama has called for reducing taxes for the middle class, but requiring the wealthiest Americans to pay more than the current top rate of 35 percent.

His aides' comments suggest Obama may be wary of imposing any additional tax burden at a time of deep crisis, despite the outlook for record budget deficits and mounting national debt. He may also be seeking to bolster Republican support for his recovery measures.

"The main thing right now is to get this economic recovery package on the road, to get money in the pockets of the middle class, to get these projects going, to get America working again, and that's where we're going to be focused in January," Axelrod said.

Obama said on Saturday he was crafting an aggressive two-year stimulus plan to revive the economy, aiming to save 2.5 million jobs by January 2011 through projects including transportation infrastructure, school modernization and alternative energy.

Obama called in October for a $175 billion stimulus measure, but he suggested he was ready to push for a much larger package.

U.S. Sen. Charles Schumer, a New York Democrat who is part of the majority leadership team in the Senate, told ABC's "This Week" that an economic recovery package between $500 billion and $700 billion is needed and could be ready by the time Obama takes office on January 20.

"I think it has to be deep. In my view it has to be between five and seven hundred billion dollars," Schumer said.

Link: http://www.reuters.com/article/newsOne/idUSTRE4AM1F120081123

He is now hearing from the wealthy. They obviously respect him. Do you? Or are you more inclined towards the vernacular and spent millions towards the public diminishment of his policies? He ain't the Prez, yet?!?!?!?!?!?!?!?!

Psychoblues

Yurt
11-23-2008, 08:52 PM
more change....

Mr. P
11-23-2008, 08:55 PM
President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans

As I said weeks ago...the only "change" will be in his promises after he gets a few high level briefings. He's had many now...the change is in progress...feel stupid yet, PB?

Psychoblues
11-23-2008, 08:59 PM
I feel GREAT, p!!!!!!!!!!!!!!!!!!!


As I said weeks ago...the only "change" will be in his promises after he gets a few high level briefings. He's had many now...the change is in progress...feel stupid yet, PB?

Have you forgotten that I am a centrist Democrat?

Psychoblues

Mr. P
11-23-2008, 09:01 PM
I feel GREAT, p!!!!!!!!!!!!!!!!!!!



Have you forgotten that I am a centrist Democrat?

Psychoblues

Not at all..not at all...I tend to be moderate myself.

Psychoblues
11-23-2008, 09:05 PM
Dig that!!!!!!!!!!!!



Not at all..not at all...I tend to be moderate myself.

Me, too!!!!!!!!!!!!

Psychoblues

Kathianne
11-23-2008, 09:07 PM
With this he's proven he's not a total idiot. Now what?

Psychoblues
11-23-2008, 09:14 PM
Perhaps with your support he can continue with the responsible business of our country, Kat.



With this he's proven he's not a total idiot. Now what?

Did you ever actually believe all that bullshit that intimated he was an "idiot"?

Psychoblues