President Obama Vows to Kill the Bush Tax Cuts for the Rich!
The “horse and sparrow” theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.”
Numerous polls have shown that support for raising taxes on the wealthy cuts across party lines.
As much as Republicans don’t want to talk about it, the Mitt Romney tax
plan is radical upward redistribution of wealth. If Republicans gain
full control of the federal government they intend to lower taxing on
the wealthy while increasing them on the middle class and poor.
The Bush tax cuts are going to be a major issue of the General
Election campaign. Even though 74% of Americans support killing the Bush
tax cuts for the wealthy, there are seven Democratic Senators who are actually siding with Republicans on extending the tax cuts for those who need them least.
Obama has had great political success campaigning against the Bush
tax cuts, and the comments by Robert Gibbs suggest that the president is
getting ready to make the rich paying their fair share a central point
of his reelection campaign. It will be interesting to see how the
Republican nominee, who is one of those wealthy people who don’t pay
their fair share, explains why he and his ilk don’t have to do their
The political dynamics have changed. Obama has tamed the toothless Republican tiger, and if he wins reelection there will be nothing stopping him from killing the Bush tax cuts for the wealth,
News & Politics