Guardian Live - 2012 Race: Reports in its 11.50am post that President Obama is calling for an extension of the Bush 43 tax cuts for those, " making less than $250,000. " but a tax hike for those above this limit.
Lets Get Real:
POTUS is pandering again, the liberal NYT and Guardian types will love the idea to tax, the problem with this its easy to say if you do not have to run in conservative States, one can see Democrats from the Senate and House not going with this policy, it has been argued that to raise taxes in a recession does not help the economy. As the live blog notes this idea is not going anywhere before the election, thus another pandering move by Obama. Those on the left can argue that his polls are good after going the the private sector business record of Mitt Romney, it should be noted this is July, one can be sure that the Republicans will use this tax hike in their negative adverts, short term move that that could cost in the long term folks, President Obama is a tax and spend liberal in the worse way.
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