Obama Against a Compromise on Extension of Bush Tax Cuts.

[elleng]

— President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies. . .

But by proposing to extend the rates for the 98 percent of households with income below $250,000 for couples and $200,000 for individuals — and insisting that federal income tax rates in 2011 go back to their pre-2001 levels for income above those cutoffs — he intends to cast the issue as a choice between supporting the middle class or giving breaks to the wealthy.

In a speech in Cleveland on Wednesday, Mr. Obama will also make a case for the package of roughly $180 billion in expanded business tax cuts and infrastructure spending disclosed by the White House in bits and pieces over the past few days. He would offset the cost by closing other tax breaks for multinational corporations, oil and gas companies and others.

http://www.nytimes.com/2010/09/08/us/politics/08obama.html?_r=1&hp

[bluestateguy]

1. Right now it all has to be about motivating Democrats to vote

and this course of action is a step in the right direction toward doing that.

[texastoast]

2. How about taxing the shit out of those fucks shipping our jobs overseas?

How about repealing NAFTA?

How 'bout that?

These fucks "want their America back," so I don't see how we can get it without opening a can of whoopass on those businesses that put profit over Americans.

Bring it on home to the USA, O.

[applegrove]

3. Why couldn't he tax the rich during recessions more..say 50%. Because the rich

like bubbles. They just live off their saving during a recession and don't loose their houses and ****. Something has to stop them from loving those financial bubbles.

[elleng]

5. He probably would if he could,

but he does have to propose something that's 'possible' these days. THAT is not easy.

[mitchtv]

4. that would be nice

We'll see