General Discussion
In reply to the discussion: OBAMA ADVISER SAYS PRESIDENT WILL NOT EXTEND BUSH TAX CUTS, EVEN TEMPORARILY: ’100% COMMITTED’ [View all]bluestateguy
(44,173 posts)And here is why:
The tax rates expire on January 1st. The worst case scenario is that he is voted out of office and would leave on January 20.
So if he loses, he's got nothing to lose by letting them all expire and the next president and Congress can deal with that mess, and Obama can rightfully claim to belatedly keeping a campaign promise to end the Bush tax cuts.
If he wins, he never has to face the voters again, and he can ignore the four alarm screaming that will come when everybody's paychecks are a little less on January 1st. Then he can calmly ask once again that tax rates for the lower 98% be restored to Bush era rates, while the other 2% can pay Clinton era rates. If Congress won't play ball, hey, not his problem anymore.
Please don't pee in my Wheaties.