RSSMore Change that the LEFT Can’t Believe In … Obama May Delay Tax Cut Rollback for the Wealthy (Bush Tax Cuts Delayed?)
More Obama’s promises of non-change, it is starting to become a trend.
Change you can believe in … Obama decides against campaign promise of ending Bush tax cuts for the rich. Even a liberal like Obama wants to have a second term before his first even starts. Every right thinking common sense American knew that a tax increase on anyone during these economic times would mean further disaster. It would appear that Obama’s new economic recovery plan that looks to save or create 2.5 million jobs over the next two years will be done without tax increases on the rich.
Power Line seems to think that Obama has provided yet another disappointment for the Democratic Left and has a new slant of George H.W. Bush’s comment on taxes, “Read my lips, no new taxes! Not for a while, anyway”.
More “non-change” you can believe in for the LEFT from Barack Obama. For months President-elect Barack Obama railed on the Bush tax cuts and stated that his priority would be to end the tax cuts for the rich. Obama continued to beat this “class warfare” drum during the Presidential campaign even after the economy headed south and it was obvious that any tax cuts would be even more harmful to the US economy. Suddenly Obama now looks to delay his campaign promise roll back tax cuts on high income Americans as part of his economic recovery strategy.
David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. “Those considerations will be made,” he said on “Fox News Sunday.”
Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC’s “Meet the Press” that the 2010 scenario “looks more likely than not.”
Change is a nice campaign slogan to pander to voters; however, it is hardly policy
Think the LEFT is not confused and upset with Obama? Check out the Huffington Post. Is Obama’s honeymoon with the LEFT over before his term has even began. The natives are certainly restless.
So what has changed? Obama made reference during the campaign that this economy was the worst since the Great Depression. With all that being known Obama still pandered to the LEFT and stated that he would provide a middle class tax cut and further tax the rich. However, not willing to recreate the Great Depression under his administration Obama backs off his campaign promises to the LEFT.
President George W. Bush’s tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels, when the top individual tax rate was 39.6 percent.
Obama has called for reducing taxes for the middle class, but requiring the wealthiest Americans to pay more than the current top rate of 35 percent.
As Say Anything states, What’s this? The liberal messiah keeping in place tax cuts for the rich? Heresy!
Could this be a tacit admission from Obama that massive tax hikes are not what the economy needs right now? And that the promise of such may be exactly what’s making the market tank right now?
I think that’s exactly the goal here. Remember: Letting the Bush tax cuts expire would mean a massive hike in taxes on income from investment. And if there’s anything this economy doesn’t need right now, it’s prohibitive taxes on investing.
Posted November 24, 2008 by Scared Monkeys Barack Obama, Bizarre, Economy, Main, Politics, Presidential Election 2008 | 11 comments |
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11 Responses to “More Change that the LEFT Can’t Believe In … Obama May Delay Tax Cut Rollback for the Wealthy (Bush Tax Cuts Delayed?)”
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Obama wants the President of the Federal Reserve Bank of NY to be Sec. of the Treasury. Now that’s some change!! All those who voted for Obama have been made fools now that we see his “changes” are no changes.
I’m surprised you’re not all jumpin’ up and down with joy! We had to listen, day in and day out, how increasing taxes would be a MAJOR mistake as you were in support of Senator McCain.
And, now, that’s all you have to say…
We’re a bunch of fools?
.
You’ve been sand baggin’!
.
Old story…
Move on!
.
Is anyone else tired of hearing about the post election whining? I have always liked this site to keep me up to date on happenings that you don’t always read about or hear about on the major networks and digging deeper into matters. However, lately I smell sour grapes and am getting tired of Obama bashing. Was either candidate a GREAT choice? No not really. Obama won so DEAL WITH IT!
Best News Yet From Obama -
I Guess He Did Not Want To Piss Off Oprah !
Thank you for keeping the site updated with post election happenings. I feel so duped because of the ways that Obama is doing exactly the opposite of what he said he would do if elected! I fell..hook..line..and sinker.
Now, really, Mr. Obama, c’mon now. You are supposedly going
to CREATE 2.5 million new jobs? The private/productive sector
is in trouble and will be taxed into submission. Those CREATED jobs
probably won’t be in that area, right? Well, that leaves you (Mr.
Government) CREATING 2.5 million government jobs to help
you change the world. Government doesn’t have a dime to call it’s
own, so where do you expect to gather the cash to pay the new
employees? Don’t look toward a shrinking free enterprise sector
for that dough since they are downsizing and trying to survive
on a diet.
OK, here’s the plan: you have the power to print money to your
heart’s content. You can water down the value of everyone’s
dollars (indirect taxation) that way and pay your new crew with
their own money.
So far, I hear you do not have a cap on
spending on the ‘never never’ as the English refer to it. Not
being burdened with limits on your generosity is a luxury few
of us common folk can ill afford. But, then again, you are certainly
not common folk! Job-wise at least, you will be known as the
CREATOR.
#3 Guess what? We had to listen to Bush bashing for the past 8 years and we dealt with it so now you can deal with the Obama bashing or don’t bother to read the posts pertaining to “the chosen one” and stick to the posts about missing persons.
I don’t call it whining, I call it discussing the facts.
We are entitled to our opinions as are you. If something makes you unhappy then don’t read it, move on to the next topic.
I think Obama will continue the trickle down theory. No change, except that the masses will become poorer.
The words will continue out of his mouth from a script. Working people will continue to lose their jobs, opportunities, and hope.
Is my $1 billion dollar check in the mail yet? I only need a little something to tide me over the next 8-10 years.
just my humble opinions
Wait! What? He is going to create jobs? Just how does he plan on doing that? Who is going to pay these employees? How is raising taxes on companies making more than 250K going to fix the problem when 40% don’t pay income tax? You know that the remaining 60% do not make over 250k, so where is the money coming from? What happens when he raises the tax on businesses and they have to either 1)downsize or 2)raise prices. By downsizing that means people will loose jobs. Price increases will affect everyone. Why should my hard earned money be given to someone who doesn’t work?
Wonder if I can quit my job and get a check from Obama?
No, I have too much class than to expect something for nothing. I believe in working for what I have. I don’t mind working to put food on the table for my family and a roof over their heads, clothes on their backs and an education. I don’t have a problem paying my share of taxes but I do have a problem with being told what I have to spend my money on and who I have to give my money to.
Posts election whining? Post election whining would be something like “Oh, the election was rigged!” or ” We couldn’t vote because we were scared of the gestapo!” You know, like we all heard after the 2004 election.
No, honey, what you are witnessing is a real concern over where this country is headed with someone that has deceived everybody and is doing excactly what he said the other guy was going to do. You would ground your child for less than this and yet it is okay for our elected officials to lie to us?
Oh yeah, there is a little “told ‘ya so” mixed in too!
Exactly Rusty!
Notice he said create and/or SAVE 2.5 million jobs! Creating government jobs will NOT “jolt” the economy. Every economist will tell you that. You need to create jobs in the private sector in order to boost the economy. Cutting the federal budget won’t help either when you are passing another $800 million; and don’t think for a minute that Obama hasn’t had a say in this next bailout package.
I love how liberals are trying to spin this…but don’t be duped…he’ll start moving to the left soon enough, only he thinks we won’t notice!