Reply #29: He has still put many proposals on the table that involve raising taxes on the wealthy.

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So if we are gonna formulate a theory on what Obama's thinking really is, there are many valid reasons to believe that he extended all of the Bush tax cuts because he cared more about the continuation of UE benefits and middle class tax relief while we are in the middle of a jobs recession. Sticking it to the wealthy is not important than those things. The whole thing was a last minute deal so it wasn't like he didn't hold out for a middle class only extension. Had they waited much longer, he would've been relying Boehner's tea bagger Congress to extend unemployment benefits, which means they never would have happened, as this Congress has most certainly proved with its other dealings.