Eliminating the Bush tax cuts would slow the economy and actually lower federal revenues. The downside to supply side economics is that it works so well that federal revenues increase and this would further aggravate the federal spending crisis.
and that is why odumbo extended the “Bush tax cuts” in 2010
If he had not reluctantly agreed, the House democrats knew they would otherwise lose big(ger) in the elections
so since 2010, shouldn’t they called “the obama tax cuts”?
With taxmageddon looming this year, it will go down to the wire again
If he wins a 2d term, I don’t think he will compromise again
The weak GOP “leadership” will allow the democrats to raise taxes to avoid total paralysis of the economy through sequestration
The conomy will struggle to remain in recession vs depression
If we make it that far
At this point I just wish the GOP would step up and announce they have seen the light, and are giving obama and reid every tax increase they are requesting. No challenges. Mr president, now you would truly own the results.
Have you seen the CBO “budget” projection for 2013/4? the democrats are projecting over 1.3 trillion in “new” tax revenue by 2014.
Where do the voters think that is going to come from?
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/120xx/doc12039/budgettables.pdf
http://www.cbo.gov/publication/21999
Then stand by and monitor the results