Legal Commentary

Who Are You For?

By Big Tent Democrat

Republicans “want to hold these middle-class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans.” - President Obama

President Obama has it exactly right on the tax cut debate. The question is who are you for?

“We simply can’t afford [the GOP tax cuts for the rich],” [President] Obama said. “It would mean borrowing $700 billion in order to fund these tax cuts for the very wealthiest Americans — $700 billion to give a tax cut worth an average of $100,000 to millionaires and billionaires. And it’s a tax cut economists say would do little to add momentum to our economy.”

He added: “Middle-class families need this relief. These are the Americans who saw their wages and incomes flat-line over the last decade, who’ve seen the costs of everything from health care to college tuition skyrocket and who have been hardest hit by this recession.”

(Emphasis supplied.) The question is, as the President states, who are you for?

Speaking for me only

Full post as published by TalkLeft on September 16, 2010 (boomark / email).