Monday, July 09, 2012

Obama Calls For One-Year Extension Of Bush-Era Tax Cuts For First $250,000 Of Income


The only thing preventing Republicans from joining with President Obama and the Democrats in extending tax cuts for the Middle Class is the desire to hold the Middle Class hostage in negotiations to extend the Bush Tax Cuts for the 1%. This is the message that needs to be hammered home ... only value the Middle Class has to Republicans is as leverage for blackmail.



If President Obama were to lose the election, there would be no reason for him to sign an extension of the Bush tax cuts prior to Romney taking office and they would expire. Then Romney would have to overcome a Democrat filibuster to get anything passed. Anyway you look at it, the tax cuts for the fictitious job creators are gone.
Read the Article at HuffingtonPost

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