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babylonsister

(171,070 posts)
Sun Jul 8, 2012, 05:13 PM Jul 2012

News Flash: Obama Adviser Says President Will Not Extend Bush Tax Cuts, Even Temporarily

Obama Adviser Says President Will Not Extend Bush Tax Cuts, Even Temporarily: ’100% Committed’ |

As House Republicans return to Washington to a vote on extending the 2001 and 2003 tax cuts for another year, Obama adviser Robert Gibbs insisted that the president would not support giving rich people another tax break. “Let’s make some progress on our spending by doing away with tax cuts for people who quite frankly don’t need them – tax cuts that haven’t worked,” Gibbs said during an appearance on CNN’s State of the Union. Obama is “100% committed” to that position, he insisted. White House Press Secretary Jay Carney made a similar pledge last month when he was asked directly if the president supports a temporary extension of the cuts, which expire at the end of the year. Carney said, “He will not. Could I be more clear?”

Watch Gibbs at link~

http://thinkprogress.org/economy/2012/07/08/512612/obama-adviser-the-president-is-100-committed-to-not-extending-bush-tax-cuts/

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babylonsister

(171,070 posts)
9. Why would taxing the rich impact either? The rethugs don't
Sun Jul 8, 2012, 10:19 PM
Jul 2012

care about anything, so I think trying to appeal to their better instincts is a lesson in futility, and I think the President knows that.

 

rhett o rick

(55,981 posts)
10. The last two times Pres Obama gave in to the tax cut extensions because he was
Sun Jul 8, 2012, 11:19 PM
Jul 2012

bargaining for extending the unemployment and I believe extending the debt ceiling.

JoePhilly

(27,787 posts)
3. He only extended it in 2010 to avoid rasing taxes on the middle class.
Sun Jul 8, 2012, 07:03 PM
Jul 2012

If he did that, he'd be a one term President.

babylonsister

(171,070 posts)
5. "The point of Robert Gibbs putting this out there today was to get the conversation started."
Sun Jul 8, 2012, 07:37 PM
Jul 2012

The point of Robert Gibbs putting this out there today was to get the conversation started. President Obama should be salivating over the possibility of making Mitt Romney defend his unpopular position of lowering taxes for the wealthy.

Numerous polls have shown that support for raising taxes on the wealthy cuts across party lines. As much as Republicans don’t want to talk about it, the Mitt Romney tax plan is radical upward redistribution of wealth. If Republicans gain full control of the federal government they intend to lower taxing on the wealthy while increasing them on the middle class and poor.

The Bush tax cuts are going to be a major issue of the General Election campaign. Even though 74% of Americans support killing the Bush tax cuts for the wealthy, there are seven Democratic Senators who are actually siding with Republicans on extending the tax cuts for those who need them least.

Obama has had great political success campaigning against the Bush tax cuts, and the comments by Robert Gibbs suggest that the president is getting ready to make the rich paying their fair share a central point of his reelection campaign. It will be interesting to see how the Republican nominee, who is one of those wealthy people who don’t pay their fair share, explains why he and his ilk don’t have to do their part.

The political dynamics have changed. Obama has tamed the toothless Republican tiger, and if he wins reelection there will be nothing stopping him from killing the Bush tax cuts for the wealthy.

Obama Drops the Hammer and Vows to Kill the Bush Tax Cuts for the Rich
www.politicususa.com
 

billky

(159 posts)
8. Extend bush tax Cuts
Sun Jul 8, 2012, 08:46 PM
Jul 2012

I, for one, am going to be totally pissed if they extend them again; I don't care what Boner and Bitch Mcdonald want to deal!

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