Obama should absolutely not budge on letting the Bush tax cuts on income over $250k expire. The American people are not good at nuance. Giving this up in exchange for, say, closing some loopholes that raise equivalent revenue would be a very bad move. If the Bush tax cuts in their whole, were for the "wealthy folks" as we have been told for years now, why not let them all expire? Does that hit a too high percentage that way and not become politically feasible?Sounds like we just nibble at those represented in low numbers and accomplish nothing much. 99
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