....when did the GOP as a party platform ever call for the end of the Bush tax cuts? Weren't they the ones who levied for a long-term extension during the last battle prior to expiration?
This is political pandering and hypocrisy. The last sentence in the copied text is just dishonest partisan campaign messaging.
So over it. (And no, I'm not saying Obama or his campaign team is/are the only one(s) who does/do this.)
I believe the middleclass is pissed off enough at him from the huge tax hike on them in the form of Obamacare.
Wrong sparky...actually its pretty well split down the middle.
"President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"
I believe the middleclass is pissed off enough at him from the huge tax hike on them in the form of Obamacare.
I don't believe in half measures and I don't believe in pitting one group of people against another. It appears, with this news, that Obama doesn't agree with me. So be it...and I'm not surprised.
My recommendation to both Parties: Either end the tax cuts for everyone or extend it for everyone. Have the courage and integrity to take a position one way or the other and accept the consequences (good or bad) for your position.
For some reason, I don't think either Party will consider my recommendation.
Don't tell sparky, but the average middle class family will receive a $4,000+ benefit from Obamacare -- not a tax bill.
Please explain this $4000.00 benefit. I'm not disputing your words but I'm asking for definitive clarification. How does the "middle class" get this $4000.00 and where does this money come from?
Thank you.
He can't end all of the tax cuts now because it would tank the economy, which needs stimulus. But there is zero chance of getting more effective stimulus through Congress, so we're stuck with what we've got.
Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....
President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
"President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"
Obama to call for middle class tax cut extension
This is FLUFF. The revenue from this tiny tax increase is about $100 billion per year or 7.5% of the 2012 deficit. This is about what the federal gov't spends in only EIGHT days. This is NOT a fix for anything except Obama's class warfare game plan, since it takes effect only in 2013. This is about the same gain as the cost of the recent student loan interest giveaway, passed last Friday, cost. No he can't!
Why is this breaking news. It is what he has proposed for years. Rehashing an old proposal through another campaign speech does not make it new, or news.
Obama doesn't have the power to only extend the tax-cuts for the middle-class, but let the tax cuts for the wealthy and for capital gains end.
biggest flaw i find in that is the 100 billion per year,infact what makes all estimates on the tax cut bad are the fact that to this day cbo uses 2001 gdp,cbo also fails to account in any gdp increases brought on by tax cuts,since it is near impossible to determine how much tax cuts contribute to the gdp.
"The money we're spending on these tax cuts for the wealthy is a major driver of our deficit," Obama said.
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