Will Obama extends all Bush tax cuts?

January 13, 2010

That’s the DC buzz, that the WH will use bank tax to de facto pay for a 1-2 year extension of ALL the Bush tax cuts, including capital gains. The assumption was that the wealthier folks would be left out. But this would give Ds a tax cut to vote. With unemployment high and maybe going higher, Ds are scrambling for ideas.

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[...] Pethokoukis reports that President Obama may change course and angle to maintain the rates instituted by the Bush tax [...]

A ploy too cynical for words. Bash the banks and tax ‘em to pay for Main Street’s (continuing) tax cuts. This is really getting out of hand.

Posted by gotthardbahn | Report as abusive