No Tax Hike ?

The New York Times: Reports that the new Obama Administration could delay its idea to tax higher earners. If your in a recession, facing a depression you don't tax the rich higher, you cut taxes so they will spend money, it worked for the Gipper, the USA had years of economic boom. Obama should follow the example of Ronald Reagan, actually cut taxes for the wealthy, the middle class and poor will spend money to survive, the wealthy spend money on goods that they don't need just because they can, but in doing so they give jobs to a vast economic structure that is the United States. The Democratic base wont be happy, so what, who else are they going to vote for in 2012.