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Obama's tax hike for the rich may be delayed

News Type: Event — Seeded on Tue Nov 25, 2008 3:11 AM EST
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"During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

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{"commentId":4194846,"authorDomain":"krishna109"}
krishna-167929

"Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000."

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  • 4 votes
Reply#1 - Tue Nov 25, 2008 3:12 AM EST
{"commentId":4196177,"authorDomain":"panicklaus"}
Pat N

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000."

This is going to get interesting.  The 'Peggy-the-Moocher' contingency that voted for Obama will NOT be happy.  I however...am breathing a sigh of relief.

Most Conservatives were asking Liberals just how in the world Obama could keep his campaign promises in this economy.  I know whenever I asked that question...I never got a straight answer.

Let's see here.  So far he's loading up his Cabinet with Washington Insiders when he promised 'change'.  He's going back on his promises of tax hikes on the wealthy.  I'm guessing that "95% of Americans will see tax cuts'..will be the next thing to fly out the window.   He hasn't even taken office yet.  Wonder how long it will be before his own contingency is referring to him as an "Uncle Tom" like they did Powell and Rice?

{"commentId":4196177,"threadId":"427763","contentId":"2147478","authorDomain":"panicklaus"}
  • 2 votes
#1.1 - Tue Nov 25, 2008 9:12 AM EST
{"commentId":4204106,"authorDomain":"krishna109"}
krishna-167929

Maybe we misunderstood what he meant by the weord "change". Is it possible that he meant that he will keep changing his positions? That, once in office-- his policies will change from those that he promised during the campaign?

And-- I think you are right. I think that within a short time some of his biggest fans will start attacking him (my guess is that he won't get re--elected).

And, I wonder about his promise to "bring the troops home'..I rthink after a few security briefings about the reality of the situation in the mid-east-- he might not end U.S. involvement there as soon as some of his more enthusiastic supportersd would like. (Its all just an other example of how he makes his promises and policies..."change" :-)

{"commentId":4204106,"threadId":"427763","contentId":"2147478","authorDomain":"krishna109"}
  • 1 vote
#1.2 - Tue Nov 25, 2008 7:21 PM EST
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