Scrooged by the Democrats: Will the Rich Ever Pay Their Fair Share?

[antimatter98]

"During the Democratic primary campaign, Barack Obama, along with all of his Democratic contenders, promised a swift repeal of these tax cuts. A rollback of tax cuts benefitting only corporations and the wealthiest individuals was supposed to provide the financing for Obama’s policy proposals, from education and health care to infrastructure and green energy. But by September, the Democratic nominee was already backpedaling on his pledge, and within three weeks of his election, Obama’s economic advisors confirmed that, after all, the new president might just let the Bush tax cuts expire on schedule in 2011, rather than eliminating them two years earlier. The decision is based on the premise that it is unwise—in economic as well as political terms—to raise taxes during a recession, since lower taxes stimulate the economy."
==Mother Jones

link:
http://www.motherjones.com/mojoblog/archives/2008/12/11466_scrooged_by_the.html

[BrklynLiberal]

1. Not willingly, that is for sure. Have the rich ever paid their fair share?

[elehhhhna]

2. I'd like to see the math. Forecasts for both ways.

[lib2DaBone]

3. The Media message is to protect the Banksters,Thus, "Let them eat cake".

[pnwmom]

4. I don't ever remember this "swift repeal" promise. I thought he'd always

left the door open to decide, based upon the circumstances.

[Sarah Ibarruri]

5. I'm going to be observing Obama very closely - he's already pissed me off and he's not even

inaugurated yet.

[Doctor_J]

6. Yes, the tax cuts have done wonders for the economy over the last 8 years

:crazy: