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Obama may delay tax-cut rollback for wealthy
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 strategist who was chosen to be a senior White ...
Obama Aides Suggest Rollback of Bush Tax Cuts Could Be Delayed
blogs.wsj.com — 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 ... (more) Obama Aides Suggest Rollback of Bush Tax Cuts Could Be ...
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
Obama to Delay Tax Increase?
powerlineblog.com — That's how Reuters interprets David Axelrod's appearance on Fox News Sunday this morning, although it dutifully refers to the proposed tax increase as a "high-income tax-cut repeal." Here is the exchange; you can judge for yourself: WALLACE: ... (more) Obama to Delay Tax Increase?
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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: ...

Related: obama likely to delay tax cut rollback
Barcepundit (English edition)
AS I SAID yesterday, the honeymoon between Obama and his worshippers may not last long: not only he seems to have picked Hillary Clinton for State. Now he's signaling that he plans to delay tax-cut rollback for the wealthy. Europeans are starting to get nervy .