WASHINGTON — President Obama will rule out on Wednesday any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses and their Republican allies.
This is good news, I'm glad he's not bowing to the pressures of the GOP
NYT: Obama will not extend tax cuts to wealthy - Politics - The New York Times - msnbc.com
Class warfare at it's ugliest. More proof Obama isn't interested in getting the economy turned around. Why does he hate small business owners?
This is good news, I'm glad he's not bowing to the pressures of the GOP
NYT: Obama will not extend tax cuts to wealthy - Politics - The New York Times - msnbc.com
Class warfare at it's ugliest. More proof Obama isn't interested in getting the economy turned around. Why does he hate small business owners?
I think Obama is doing the right thing. It has been repeatedly reported that the upper levels of wealth are flush with cash and not spending even under the Bush tax cuts. So the only way one can see moving the economy forward is to give the truly small businesses tax incentives and the Middle Class to retain their tax cuts of which every bit counts in this economy.
It's their money, if they want to hold it it's none of your, or the Gov't business what they do with their wealth.
It's their money, if they want to hold it it's none of your, or the Gov't business what they do with their wealth.
What is the rationale behind keeping tax cuts for people making under 140k? And I thought 250k was the magic number...what happened there? This couldnt be a populist appeal...nah...
But by proposing to extend the rates for the 98 percent of households with income below $250,000 for couples and $200,000 for individuals — and insisting that federal income tax rates in 2011 go back to their 2001 levels for income above those cutoffs — he intends to cast the issue as a choice between supporting the middle class or giving breaks to the wealthy.
This is good news, I'm glad he's not bowing to the pressures of the GOP
NYT: Obama will not extend tax cuts to wealthy - Politics - The New York Times - msnbc.com
Oh, but it is the governments business to protect them from people coming and taking it, is it not?
And why should they be given tax cuts needlessly?
Yeah! Let's punish all those "rich" people who create jobs!
The two tax cuts that Obama would allow to end would be for those who making over 140,000 a year in income. Obama to Push Tax Break for Business Investment - WSJ.com
Thats not most small business operations. Of course since you didn't define small business or really define anything at all I guess you could be 'right' since youre so vague. Here's a news flash, small business is a meaningless term, its just a political football to be punted around so people can say they care about the little guy.
What an asinine comment. LOL. So small businesses don't exist?
Taxing the rich is taxing capital. That hurts more than the rich, it hurts the middle-class. The wealthy create jobs, spend money on cars, vacations, restaurants, travel,etc. that benefits everyone.
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