October 31, 2010

HE'LL DO WHAT HE'S TOLD:

Deal or punt decision on Bush tax cuts is Obama’s (ANDREW TAYLOR, 10/31/2010, AP)

Will Congress extend the Bush tax cuts into 2011 in the weeks after Tuesday’s election or let the automatic increase start cutting into most people’s paychecks early next year?

It’s really pretty much up to President Barack Obama.

Despite the punishment his fellow Democrats are expected to take from voters, Obama has shown no sign of retreating from his insistence that families and small businesses with incomes above $250,000 return to higher, Bill Clinton-era tax levels starting Jan. 1.

But Obama also has dodged the question whether he would veto a bill that extends the tax cuts for everyone.


If only he were a leader, he could steal a march by proposing bigger, permanent cuts that depend on simplifying the tax structure or propose replacing "lost revenue" with a hike in gas taxes.

Posted by Orrin Judd at October 31, 2010 5:37 AM
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