No. of Recommendations: 2
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.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.