President Obama to unveil more stimulus, tax breaks for business

[cal04]

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/07/AR2010090706646_pf.html

President Obama will argue personally Wednesday against extending the Bush-era income tax cuts for the nation's wealthiest families even for a year or two, White House officials said Tuesday - a message aimed at wavering Democrats who have been swayed by arguments that the economy is too weak to raise anyone's taxes.

In a speech scheduled for delivery Wednesday afternoon in Cleveland, Obama will restate his long-held position that the nation cannot afford to extend tax cuts for the wealthiest 2 percent of families, White House officials said.

The officials added that Obama would not threaten to veto any compromise which extends the upper-bracket cuts, a position that has gained ground in recent weeks among moderates in both the House and Senate. But congressional sources said they were told to expect the president to try to stiffen Democratic spines in expectation of a showdown over income tax rates before the November midterm elections.

"President Obama will make a strong case for permanently extending tax cuts for the middle class. But the president will make clear that he opposes the Republican plan to extend tax cuts for the top 2 percent, which would add $700 billion to the deficits over the next decade," said White House spokeswoman Jennifer Psaki.

[MannyGoldstein]

1. Almost zero relief for working Americans

But nice tax cuts for business.

Insane.

[Skittles]

2. the same ones hoarding cash and not hiring

niiiiiiiice

[PopYoColla]

3. I think you guys are missing the point

He knows that he's not gonna be able to get anything of substance thru Congress. IMO, he's setting up a narrative where the GOP is the defenders of big business and the rich. He's gonna put them in a position to vote against tax cuts (their biggest weapon) for business.

Then Democrats have a hammer to pound them with. I can see it now. Can you?

He already set the stage with his speech in Wisconsin this weekend.

"Everything we do, they say no"

Now it's gonna be..."even when we try to work with them using their "ideas", they say No.

[Skittles]

4. we already know they say NO to EVERYTHING HE DOES

enough with this CHESS GAME nonsense