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Scrooged by the Democrats: Will the Rich Ever Pay Their Fair Share?

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antimatter98 Donating Member (537 posts) Send PM | Profile | Ignore Fri Dec-26-08 09:10 PM
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Scrooged by the Democrats: Will the Rich Ever Pay Their Fair Share?
"During the Democratic primary campaign, Barack Obama, along with all of his Democratic contenders, promised a swift repeal of these tax cuts. A rollback of tax cuts benefitting only corporations and the wealthiest individuals was supposed to provide the financing for Obama’s policy proposals, from education and health care to infrastructure and green energy. But by September, the Democratic nominee was already backpedaling on his pledge, and within three weeks of his election, Obama’s economic advisors confirmed that, after all, the new president might just let the Bush tax cuts expire on schedule in 2011, rather than eliminating them two years earlier. The decision is based on the premise that it is unwise—in economic as well as political terms—to raise taxes during a recession, since lower taxes stimulate the economy."
==Mother Jones

link:
http://www.motherjones.com/mojoblog/archives/2008/12/11466_scrooged_by_the.html
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 09:12 PM
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1. Not willingly, that is for sure. Have the rich ever paid their fair share?
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 09:16 PM
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2. I'd like to see the math. Forecasts for both ways.
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 09:17 PM
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3. The Media message is to protect the Banksters,Thus, "Let them eat cake".
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 09:19 PM
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4. I don't ever remember this "swift repeal" promise. I thought he'd always
left the door open to decide, based upon the circumstances.
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Sarah Ibarruri Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 10:25 PM
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5. I'm going to be observing Obama very closely - he's already pissed me off and he's not even
inaugurated yet.
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Doctor_J Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-26-08 10:40 PM
Response to Original message
6. Yes, the tax cuts have done wonders for the economy over the last 8 years
:crazy:
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