Krugman: Obama rolled back the Bush and Reagan tax cuts on the top 1%

[progree]

9. Oh, I remember that -- the Republicans were EXPLICIT in saying that particular tax cut

had to be "paid for" (by tax increases elsewhere or spending cuts). Whereas all the many other kinds of tax cuts which included tax cuts for the top (and going mainly to the top) didn't have to be "paid for" because they already paid for themselves, by stimulating the job creators to get out of bed earlier and creating yet more jobs or somesuch, thus bringing in more tax revenue from all the additional new job holders blah blah.

By the way, one troll, no longer part of the DU community, tried to make it sound like -- in the context of Obama letting some Bush tax cuts expire -- that the 2% payroll tax holiday was one of those. But actually the 2% payroll tax holiday was begun by Obama (and Congress) and ended by them 2 years later. (And I know he knew that because we had a similar interchange about this some time before). Similarly for the 2-year Making Work Pay stimulus measure that preceded it and targeted those in the lower- and middle- income.