Confused On Taxes
Open Left - Front Page —
... By Michael A. Fletcher
Washington Post Staff Writer
Monday, November 10, 2008
President-elect Barack Obama plans to push ahead with a middle-class tax cut soon after taking office, his choice for White House chief of staff said yesterday. Rahm Emanuel also hinted that Obama would not postpone a tax increase for families earning more than $250,000 a year despite the deepening economic gloom. (emphasis added)
Now this week we get this:
Obama may delay tax-cut rollback for wealthy
By Randall ...
David Sirota: Confused About Tax Promises
Politics on HuffingtonPost.com —
... By Michael A. Fletcher
Washington Post Staff Writer
Monday, November 10, 2008
President-elect Barack Obama plans to push ahead with a middle-class tax cut soon after taking office, his choice for White House chief of staff said yesterday. Rahm Emanuel also hinted that Obama would not postpone a tax increase for families earning more than $250,000 a year despite the deepening economic gloom. (emphasis added)
Now this week we get this:
Obama may delay tax-cut rollback for wealthy
By ...
For the Good of the Economy the Bush Tax Cuts for the Rich Must Expire
Firedoglake —
... We're hearing mumblings about not repealing the Bush era tax cuts for the rich in order to help the economy. This is precisely wrong, and not letting the tax cuts expire and indeed not adding more taxes for the rich is exactly the wrong thing to do for purely pragmatic economic reasons. ...
Lord Keynes resurgent
QandO —
It appears Obama is mostly Keynesian when it comes to economic policy. On the one hand he seems to understand that raising taxes on anyone (except, perhaps, businesses) during an economic downturn is simply foolish: ...



