President sets up Round 2 over keeping Bush tax rates

[babylonsister]

President sets up Round 2 over keeping Bush tax rates
By Bernie Becker - 02/14/11 08:49 PM ET


President Obama is picking a fight with Republicans over tax rates for the wealthy just two months after a lame-duck compromise shoved the issue to the backburner.

The White House’s budget proposal for fiscal 2012, released on Monday, shows that Obama isn’t abandoning his 2008 campaign pledge to raise taxes for high earners, despite accepting a two-year extension of the George W. Bush-era tax rates in December.

And in an apparent bet that he is on the winning side of the issue, Obama upped the ante on taxes in the new budget, calling for a 30 percent cut to itemized deductions taken by the wealthy.

The attempt to rekindle the debate signals that the White House sees a political advantage in the issue heading into the president’s 2012 reelection campaign.

The president and his advisers maintain that the proposals they released Monday are the smart approach to the deficit, investing in areas that are essential to the country’s future and cutting spending elsewhere.

more...

http://thehill.com/homenews/administration/144073-president-sets-up-round-2-over-keeping-bush-tax-rates

[Clio the Leo]

1. Clearly he's NOT reading DU.....

... because if he was, he'd know that he was NOT supposed to do that because he "couldn't." Or something. :)

[Name removed]

3. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[ClassWarrior]

4. I don't understand why some people can't win graciously.

This is a positive for the Prez. So why would anyone use that as an opportunity to take a dig at his critics here, most of whom support him too?

NGU.

[GOTV]

2. He was ALWAYS on the winning side of that issue ... he lost round one anyway.