November 11, 2010

READER RON BAAKKONEN WRITES, CAN WE START CALLING THEM THE OBAMA TAX CUTS NOW? “President Barack Obama’s top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.”

Of course we can’t call them that. The Bush tax cuts were an irresponsible giveaway to the very wealthy. The Obama tax cuts will be an essential tool to save the middle class. In fact, note this: “That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week’s electoral defeat.” I don’t think we’d ever been told before that Bush gave any tax cuts to the middle class. I thought they all went to fat guys in three-piece suits who lit cigars with hundred-dollar bills.

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