Legal Commentary

President Obama: No To Irresponsible Tax Cuts For The Rich

By Big Tent Democrat

In a townhall today:

“I can’t give tax cuts to the top 2 percent of Americans” and “lower the deficit at the same time,” the president said during an hour-long town-hall discussion on jobs and the economy on CNBC television from the Newseum in Washington. To give “tax relief primarily to millionaires and billionaires” would be “ an irresponsible thing for us to do,” Obama said. “Those folks are least likely to spend it.”

[. . .]Obama is challenging congressional Republicans to make only middle-class tax cuts permanent. He wants lawmakers to find agreement on initiatives to spur economic growth and hiring and on extension of Bush-era tax cuts for individuals who make less than $200,000 a year and couples earning less than $250,000.

On this issue, the President has been solid. Obviously, there is room for complaint though.

Speaking for me only

Full post as published by TalkLeft on September 20, 2010 (boomark / email).