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blogs.wsj.com - 11/23/2008
Obama Aides Suggest Rollback of Bush Tax Cuts Could Be Delayed
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Cam Simpson reports from Washington. Aides to President-elect Barack Obama suggested on Sunday that he wouldn’t immediately implement a pledged rollback of tax cuts for the top tier of American income earners, because of the worsening economic outlook. A senior adviser to Obama confirmed that New York Federal Reserve President Timothy Geithner would be the administration’s nominee for Treasury secretary, and added that the Obama team was gratified by the late rally on Wall Street on ...
Obama may delay tax-cut rollback for wealthy - Yahoo! News
news.yahoo.com - 11/23/2008
Obama may delay tax-cut rollback for wealthy - Yahoo! News
— news.yahoo.com — WASHINGTON (Reuters) President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts... on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday. David Axelrod , the Obama campaign ... (more) Obama may delay tax-cut rollback for wealthy - Yahoo! News

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reuters.com - 11/23/2008
Obama may delay tax-cut rollback for wealthy
— reuters.com — WASHINGTON (Reuters) - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax... cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday. David Axelrod, the Obama campaign ... (more) Obama may delay tax-cut rollback for wealthy

Comments vote down Open Left - Front Page found this 11/23/2008found this
thecaucus.blogs.nytimes.com - 11/23/2008
Obama Considers Delaying Tax Increase
— thecaucus.blogs.nytimes.com — U.S. President-elect Barack Obama is considering delaying his proposal to repeal the Bush tax cuts for the... wealthiest Americans in light of the economic downturn, two aides said on Sunday. Bill Daley, an adviser to Obama and commerce secretary under ... (more) Obama Considers Delaying Tax Increase

Comments vote down JammieWearingFool found this 11/23/2008found this

Blog Reactions

Ace of Spades HQ:  Obama Aides: About Repealing Those Evil "Bush Tax Cuts"? Someday But Not Anytime Soon

Weekly Standard Blog:  The Continuing Bail-Out, and Barry's Team

BatesLine:  Change? Not so much

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Blog Reactions

Obama Aides: About Repealing Those Evil "Bush Tax Cuts"? Someday But Not Anytime Soon
Ace of Spades HQ — ... to provide middle class tax relief, Team Hope And Change is suddenly singing a different tune . During an appearance on NBC’s “Meet the Press,” Obama economic adviser William Daley suggested that the incoming administration would reconsider whether to quickly increase taxes for Americans earning more than $250,000 per year. Daly, who was commerce secretary under former President Bill Clinton and is the brother of Chicago Mayor Richard Daly, said it looks “more likely than not” that Obama would not seek legislation to repeal President George W. Bush’s cut in the tax rate for ...

The Continuing Bail-Out, and Barry's Team
Weekly Standard Blog — ... tax hikes on the upper income brackets in exchange for hefty domestic spending and economic stimulus plans. Obama signaled that he would pursue a far more ambitious plan of spending and tax cuts than he had outlined during his campaign and planned to announce his economic team on Monday. Some Democrats in Congress, meantime, were calling for the government to spend as much as $700 billion to stimulate the economy over the next two years. Obama aides William Daley and David Axelrod suggested he'd hold off on the Bush tax ...

Change? Not so much
BatesLine — ... that Michigan's debilitating economic fundamentals -- high taxes and overgenerous concessions to organized labor -- have gone unaddressed. Granholm, however, has missed few opportunities for photo ops touting the companies that have benefiited from her tax handouts or her road-construction spending. And she has landed a key position in Obama's transition team, where she and the president-elect apparently agree that Granholmnomics is America's future. (Via Ace .) From the Wall Street Journal's Washington Wire : During an appearance on NBC's "Meet the Press," ...

Related: obama, bush tax cuts, may keep, timothy j. geithner , timothy simpson
Geithner Said to Be Named Treasury Secretary
thecaucus.blogs.nytimes.com 11/21/2008 — Timothy F. Geithner is a Treasury veteran who as president of the Federal Reserve Bank of New York has all year been at the center of the worsening economic crisis.
Obama's Cabinet Taking Shape: Geithner For Treasury, Richardson At Commerce
tpmelectioncentral.talkingpointsmemo.com 11/21/2008 — Those Cabinet appointments are finally starting to come -- and they're coming fast, too, just at a time when a tumbling economy and uncertain marketplace need to know who they're dealing with. Barack Obama has reportedly made his picks for two top ...
The New Center-Right
yglesias.thinkprogress.org 11/22/2008 — David Sanger for The New York Times : Now, his reported selections for two of the major positions in his cabinet - Senator Hillary Rodham Clinton as secretary of state and Timothy F. Geithner as secretary of the Treasury - suggest that Mr. Obama is ...
Obama not 'likely' to push repeal of Bush tax cuts
politico.com 11/23/2008 — Obama adviser Bill Daley says Obama will "more likely than not" postpone a tax increase for the rich until 2011, when the Bush tax cuts expire, rather than pushing to repeal them now. He made the comment on Meet the Press, and it's a ...
The Man From Hope And Crawford
smalldeadanimals.com 11/24/2008 — Combining the Clinton White House with the Bush tax cuts. [F]inally, the day will come, and the first thing Obama will do is…not touch the Bush tax cuts. In addition to proposing a "vast economic stimulus plan," the Times news...
Transition News 11/24 — The Stump
Obama officially introduces his economic team . On the economic team, Rubinomics rules -with adjustments. Bush tax cuts might remain in place until 2011. WSJ asks, will Obama reappoint Bernanke ? Politico assesses the pending confirmation hearings for Geithner and Summers.  ...
Obama May Not Repeal Bush Tax Cuts — TalkLeft
The New York Times reports President-Elect Obama may not repeal the Bush tax cuts on the wealthy but let them expire naturally in 2011. A member of the Obama economic advisory team, William M. Daley, acknowledged that because of the gravity of the situation, Mr. Obama was leaning toward ...
Change More of the Same I Can Believe In — Slublog
Will Obama's first term turn out to be a de facto third Bush term? In light of the downturn, Mr. Obama is also said to be reconsidering a key campaign pledge: his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he ...
Obama’s Economic Plan Will Be “In With a Bang” — Patterico's Pontifications
[Guest post by DRJ] Obama’s economic transition team wants to take immediate action to help the ailing economy, including reneging on Obama’s pledge to repeal the Bush tax cuts for the rich: “President-elect Barack Obama signaled Sunday he will move urgently and ...
More Change: Obama to Delay Rollback on Bush Tax Cuts — Stop The ACLU
Remember the Bush tax cuts Obama wants to repeal? Not so fast! President-elect Barack Obama may consider delaying an election promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, a senior aide and an adviser said on Sunday. David Axelrod, one of ...
SUNDAY ROUNDUP — News
The possibility that President-elect Barack Obama will hold off on a repeal of President Bush's tax cuts for the wealthy has disappointed liberal bloggers. Obama's Cabinet has already given bloggers on both sides something to complain about. The "Saturday Night Live" portrayal of Obama's profane ...
HOPE AND CHANGE: Well, I was hoping that things wouldn’t change too much, and I may get my wish: “… — Instapundit
HOPE AND CHANGE: Well, I was hoping that things wouldn’t change too much, and I may get my wish: “Mr. Obama is also said to be reconsidering a key campaign pledge: his proposal to repeal the Bush tax cuts for the wealthiest Americans.” I’m feeling better and better ...
Obama Backing Away From Promise To “Roll Back” The Bush Tax Cuts — Say Anything
What’s this?  The liberal messiah keeping in place tax cuts for the rich? Heresy! President-elect Barack Obama may consider delaying an election promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, a senior aide and an ...
Obama not 'likely' to push repeal of Bush tax cuts until 2011 — AMERICAblog News| A great nation deserves the truth
Fine with me . While it may be "fair" to push back Bush's tax cuts, and wise generally speaking for federal budget policy, it is not wise policy to take money out the economy when you're in the throes of a massive, and growing, recession. Yes, you can argue about whether taxing the rich and ...
Quote of the Day — PoliPundit.com
Senator Chuck Schumer (D-NY):"We’re on the edge of deflation. Once you get into deflation you almost never get out."Barack Obama doesn't want to be known as another Herbert Hoover; so he's going to do everything in his power - including retaining the Bush tax cuts - to avoid the spectre ...
Obama aides signal bigger tax cuts? — Majikthise
I'm disappointed to read that Barack Obama might let a Bush tax cut for the wealthy expire in 2011, instead of repealing it sooner: WASHINGTON — President-elect Barack Obama has signaled that he will pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the ...
The Man Who Will Hold The Keys To Obama’s “Treasury” … Timothy Geithner — Pat Dollard | Young Americans
Timothy Geithner … Who is he? ( Democratic Underground ) Timothy Franz Geithner is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). After completing his studies, Geithner worked ...
Election Central Sunday Roundup — Talking Points Memo
The Obama team continues its rollout of its economic plans in an effort to reassure the markets -- including a possible delay of Obama's promised repeal of the Bush tax cuts on the top-earners. That and other political news in today's Election Central Sunday Roundup .
PEBO and the Bush tax cuts — Political Punch
The debate within the Obama Team right now is not about whether the Bush tax cuts for the wealthiest Americans will disappear. They will, Obama aides say. The question being debated is: When? Some outside advisers are recommending that the...
Reading About Timothy Geithner — Matthew Yglesias
Here’s some Tim Geithner clippings: Here’s Bob Kuttner : “Geithner’s admirers span the spectrum from Republican financial mogul Pete Peterson to liberal Democrat Barney Frank. One can infer from his broad fan base three possible conclusions: Wall Street is so clubby ...
Did Timothy Geithner predict the financial meltdown? — Firedoglake
Timothy Giethner, President and CEO of the New York Fed and President-Elect Obama’s choice to be the next Treasury Secretary, is being given credit for predicting the current financial crisis. But is this true? The principal evidence that people point to that he did comes from a lecture he ...
New York Times Plays Cute With Obama's Economic Policy — A Blog For All
President Elect Barack Obama has come forward with a two-year plan to get the economy going again. It's little more than boilerplate tax and spend liberalism at the moment, but the NY Times goes to great lengths to claim that Obama will extend the Bush tax cuts for people making under $250,000, ...
Geithner Pick Mystifies Some Traditional Democrats Constituencies — Politics on HuffingtonPost.com
As a young Treasury aide in the late 1990s, Timothy Geithner once said his proudest accomplishment was helping assemble more than $100 billion in international rescues to combat financial instability in Asia and Latin America. Compared with meltdowns prior to the late 1990s, "the world ...
Geithner Pick Mystifies Some Traditional Democrats Constituencies — The Huffington Post | Full News Feed
As a young Treasury aide in the late 1990s, Timothy Geithner once said his proudest accomplishment was helping assemble more than $100 billion in international rescues to combat financial instability in Asia and Latin America. Compared with meltdowns prior to the late 1990s, "the world ...
Timothy F. Geithner, president of the New York Fed, Treasury Secretary. — truthout
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Obama not 'likely' to push repeal of Bush tax cuts (Politico) — Yahoo! News: Politics News
Politico - Obama adviser Bill Daley says Obama will "more likely than not" postpone a tax increase for the rich until 2011, when the Bush tax cuts expire, rather than pushing to repeal them now.
Geithner likely treasury pick; Clinton 'on track' (AP) — Yahoo! News: Politics News
AP - President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday.
Geithner Said to Be Choice; Wall St. Cheers — NYT > Politics
The announcement that Timothy F. Geithner would be named Treasury secretary helped drive stocks sharply higher on Friday afternoon. >
Geithner Pleases Wall Street, Mystifies Some Democrats — WSJ.com: Politics And Policy
At a time of crisis unmatched since the Great Depression, Obama has put his faith in Timothy Geithner, one of the world's most experienced financial crisis managers.
Officials: Obama plans to tap Geithner at Treasury (AP) — Yahoo! News: Politics News
AP - President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market ...
Obama to tap Geithner for Treasury — POLITICO.com: Politics
Obama is expected to tap New York Federal Reserve President Timothy Geithner as Treasury secretary on Monday — or earlier.
Obama to tap Geithner for Treasury (Politico) — Yahoo! News: Politics News
Politico - President-elect Barack Obama is expected to tap New York Federal Reserve President Timothy Geithner as Treasury secretary on Monday — or earlier, sources say.