Obama to allow Bush tax cuts to expire on schedule

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reuters.com - 2/22/2009

Obama to allow Bush tax cuts to expire on schedule

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WASHINGTON (Reuters) - President Barack Obama will allow tax breaks given to wealthier Americans under his predecessor, George W. Bush, to expire as scheduled rather than eliminate them sooner, an administration official said on Saturday. Obama, who promised during his White House campaign to ...

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Say Anything: Obama Schedules Massive New Tax Hikes For 2010

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Obama Schedules Massive New Tax Hikes For 2010
Say Anything — ... WASHINGTON (Reuters) – President Barack Obama will allow tax breaks given to wealthier Americans under his predecessor, George W. Bush, to expire as scheduled rather than eliminate them sooner, an administration official said on Saturday. ...

The Daily Grind
Weekly Standard Blog — ... methods not working, and Holder was wrong to call us all "cowards," says... MoDo? Another view on aid to Africa, with a dash of moral authority. If Chris Dodd had a TLC real-estate show, it would be called something really catchy like, "Trading Favors." Why the long faces? When Kerry met Bashar. Obama's approval ratings slip-sliding away. It's like he's wondering how he could possibly make the economy worse. "I've got it! Tax hikes!" Sen. Bunning, as they would say in Kentucky, ...

Budget Experts Take the Pelosi Challenge: How Much Could We Save by Leaving Iraq and Letting Bush Tax Cuts Expire?
TPM Election Central — ... Okay ... how about those Bush tax cuts for Americans earning more than $250,000, the ones that Obama wants to let expire in 2010? Pelosi Scenario Three envisions the same Iraq/Afghanistan movement as No. 2, plus the expiration of the upper-income Bush tax breaks on schedule. ...

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Here Come The Tax Hikes — Stop The ACLU

Soak the rich and trickle it down to the middle class and poor. Jake Tapper digs in to the Porkulus bill, and gives us these wonderful new taxes 1) On people making more than $250,000. $338 billion - Bush tax cuts expire $179 billlion - eliminate itemized deduction $118 billion - capital ...

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A TRILLION ! I am unconvinced that Americans - wanting to fell good about themselves and be optimistic and “hopeful” in 2008 - really thought this was the change they were voting for : 1) On people making more than $250,000. * $338 billion - Bush tax cuts expire * $179 ...

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After President Barack Obama released his budget, which includes provisions allowing the Bush tax cuts to expire for wealthy taxpayers, ABC News' Jake Tapper, CNN's Dana Bash, and Fox News' Sean Hannity advanced the falsehood that those provisions would cause a large percentage of small ...

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Republicans About to Lie in Tax Cut Bed of Their Own Devising — Matthew Yglesias

Over email, Bruce Bartlett observes: According to press reports, in his budget Obama will allow many of the Bush tax cuts to expire next year. Republicans charge that this constitutes the largest tax increase in history. I think it is important to remember that the reason the Bush tax cuts ...

CNN's King allowed McConnell to revive debunked small business tax claim — Media Matters for America - Latest Items

During the February 22 edition of CNN's State of the Union , host John King allowed Senate Minority Leader Mitch McConnell (R-KY) to revive the debunked claim that letting the Bush tax cuts expire for Americans making more than $250,000 would affect a large percentage of small businesses. After ...

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Obama to Announce Cap & Trade Policy This Week... Will Cost US 4 Million Jobs — Gateway Pundit

Along with raising taxes on businesses, raising taxes on the "rich," and allowing the Bush tax cuts to expire... President Obama will also announce the implementation of an expensive cap and trade energy policy this week to battle pretend global warming. The plan could cost the US over a ...

WaPo: Obama to raise taxes on wealthy, "wind down" war — Daily Kos

The Washington Post has a sneak preview of the budget President Obama will unveil Tuesday, and on a first quick read, it looks mighty progressive. Maintaining the estate tax and letting the Bush tax cuts expire seems to be the revenue-raising heart of the budget. Obama to Unveil an ...

McConnell blasts Obama tax plan (Politico) — Yahoo! News: Politics News
Politico - Senate Minority Leader Mitch McConnell (R-Ky.) blasted President Barack Obama's plan to allow the Bush tax cuts for Americans making $250,000 a year to expire as part of the budget proposal to be unveiled this week.

Obama to allow Bush tax cuts to expire on schedule — Reuters: Politics
WASHINGTON (Reuters) - President Barack Obama will allow tax breaks given to wealthier Americans under his predecessor, George W. Bush, to expire as scheduled rather than eliminate them sooner, an administration official said on Saturday.