Fwd: [New post] Obama And The Bush Tax Cuts: Once Again, With Feeling

---------- Forwarded message ----------
From: The League of Ordinary Gentlemen
Date: Tuesday, July 10, 2012
Subject: [New post] Obama And The Bush Tax Cuts: Once Again, With Feeling
To: majors.bruce@gmail.com

New post on The League of Ordinary Gentlemen Obama And The Bush Tax Cuts: Once Again, With Feeling by Elias Isquith Even before he was inaugurated, the so-called Bush Tax Cuts (BTCs) of 2001 and 2003 loomed over the Obama Presidency. On the campaign trail, Obama promised to extend the cuts for those making under $250,000 while letting the rest expire as scheduled before 2011. During the final days of 2010, however, the President found keeping this promise would cost more than it was worth and acquiesced to Republican demands that either all or none of the cuts were extended. He signed a bill carrying over all the cuts until 2013. The calculation made was that the sickly economy of late-2010 could not withstand raising taxes on 98 percent of the public, and that a promise deferred is not broken. So he extended the cuts for a year further still. Read more of this post Elias Isquith | July 10, 2012 at 12:16 pm | Categories: Politics & Foreign Affairs | URL: http://wp.me/pqdHr-arJ Comment    See all comments Unsubscribe or change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://ordinary-gentlemen.com/blog/2012/07/obama-and-the-bush-tax-cuts-once-again-with-feeling/

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