And you want to talk about inconsistent, explain why it was a bad idea to raise anyone's taxes in 2010 because of the fragile economy, but it's OK to raise them on some people now?Actually, in 2010, Obama wanted to raise the rates on the top tax bracket. In return for Obama agreeing to the extension all of the Bush tax cuts, the Republicans agreed to the payroll tax cut, extended unemployment benefits, and a few other items targeted at stimulating the economy. Obama was also playing with a relatively weak hand politically becuase the Republicans had just taken over the House of Representatives.Now, the election is over and the economy is actually much stronger than it was in 2010.So, Obama has actually been consistent on this issue from 2010 to 2012, but he is less likely to cave this time because the political reality has been reversed.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra