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OBAMA MAY DELAY TAX-CUT ROLLBACK
Reuters via Comcast ^ | November 23, 2008 | Randall Mikkelsen

Posted on 11/23/2008 9:25:12 AM PST by Lancey Howard

President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.

David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. "Those considerations will be made," he said on "Fox News Sunday."

Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC's "Meet the Press" that the 2010 scenario "looks more likely than not."

President George W. Bush's tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels, when the top individual tax rate was 39.6 percent.

Obama has called for reducing taxes for the middle class, but requiring the wealthiest Americans to pay more than the current top rate of 35 percent.

His aides' comments suggest Obama may be wary of imposing any additional tax burden at a time of deep crisis, despite the outlook for record budget deficits and mounting national debt. He may also be seeking to bolster Republican support for his recovery measures.

(Excerpt) Read more at comcast.net ...


TOPICS: Government; News/Current Events
KEYWORDS: 111th; bho2008; brokenpromises; brokepromise; bushtaxcuts; economicpolicy; obama; obamatransitionfile; taxes
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1 posted on 11/23/2008 9:25:12 AM PST by Lancey Howard
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To: Lancey Howard

And the left wing screams!


2 posted on 11/23/2008 9:26:06 AM PST by IGOTMINE (1911s FOREVER!)
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To: Lancey Howard

“I tried as hard as I could to give you the middle class tax cut”

Obama is channeling Bill Clinton!


3 posted on 11/23/2008 9:27:44 AM PST by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: IGOTMINE
November 4 = election.
November 23 = Obama reneges on first campaign pledge.

19 Days +/- 24 hours.

Damn he's fast!

4 posted on 11/23/2008 9:28:06 AM PST by Wally_Kalbacken
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To: Lancey Howard
If he does, will the Communist Congress go along with it?

Go ahead, Barry, just do it. I can stand a surprise once in a while.

5 posted on 11/23/2008 9:28:10 AM PST by stboz
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To: Lancey Howard

Obama’s looking REEEEALLY consistant.


6 posted on 11/23/2008 9:28:35 AM PST by struggle ((The struggle continues))
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To: Lancey Howard
Message received loud and clear

======>>>>

7 posted on 11/23/2008 9:29:39 AM PST by libh8er
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To: Lancey Howard

Took him less time than it took Clinton to reverse himself. You watch for the tax hike announcement by Wednesday (hence, it being “lost” in the holiday news, and forgotten by the press the following Monday).


8 posted on 11/23/2008 9:29:43 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspell)
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To: Lancey Howard

That gives him two years to come to his senses and renew them. If that happens even I’ll chant, “ Oh-Bah-Ma, Oh-Ba-Ma” once or twice. In the meantime, if can’t get what I want, I like to see those I dislike (the kossaks and DUmmies) not get what they want and get heartburn over this.


9 posted on 11/23/2008 9:29:49 AM PST by Lou Budvis
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To: Lancey Howard

Prediction: Dow down 350 on Monday.


10 posted on 11/23/2008 9:29:57 AM PST by PGR88
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To: Lancey Howard

“His aides’ comments suggest Obama may be wary of imposing any additional tax burden at a time of deep crisis, despite the outlook for record budget deficits and mounting national debt”

Damn, I thought we could tax our way to prosperity. The great part is that the left freely admits in this paragraph that additional tax burdens damage the economy.


11 posted on 11/23/2008 9:30:06 AM PST by headstamp 2 (Been here before)
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To: Lancey Howard
...the wealthiest Americans to pay more than the current top rate of 35 percent..

When will these morons admit we don't tax wealth, we tax income.

12 posted on 11/23/2008 9:30:27 AM PST by Dilbert56 (Harry Reid, D-Nev.: "We're going to pick up Senate seats as a result of this war.")
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To: Mr. K

“I tried as hard as I could to give you the middle class tax cut”

...then I looked over yonder and saw Paula Jones, and she had that ‘come hither’ look; then I forgot all about that there tax cut.....


13 posted on 11/23/2008 9:30:31 AM PST by TRY ONE (NUKE the unborn gay whales!)
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To: Lancey Howard

HA HA HA HA HA HA HA HA HA HA HA HA HA

Thanks! This really made my Sunday extra special!


14 posted on 11/23/2008 9:31:07 AM PST by originalbuckeye
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To: Lancey Howard

“OBAMA MAY DELAY TAX-CUT ROLLBACK”

That’s not going to go over well with his base; the ignorant “something for nothing” crowd.


15 posted on 11/23/2008 9:31:08 AM PST by Grunthor (bush04 - 62, 040, 610 mccain08 - 58, 164, 693.......Moving left is NOT the answer!)
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To: Lancey Howard
He may also be seeking to bolster Republican support for his recovery measures.

Obama is clueless concerning how to get the economy back on track. The above statement is the most likely reason he would consider a delay in tax increases. Let's hope the Republicans do not fall for it.

16 posted on 11/23/2008 9:31:21 AM PST by mlocher (USA is a sovereign nation)
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To: Lancey Howard

Kool aid drinkers didn’t see this coming.....LOL !

American Idol cow eyed star struck fast food socialist society suckin sheeple voted for this POS and now they deserve to suffer for what they imposed on all of America.

Doom on Oh Crap Inc, his handlers and his idiot followers....


17 posted on 11/23/2008 9:31:22 AM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
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To: Wally_Kalbacken

He has not set foot in the White House yet. It is going to be so funny to see THE ONE having to renege on all his election promises.
Correct me if I am wrong, but, I hear THE ONE has already had lied about the troops in IRAQ, The ONE will be unable to bring them home as early as he said ?


18 posted on 11/23/2008 9:33:03 AM PST by AndyPH (?+)
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To: Lancey Howard
"May" is an interesting word....

I am sniffing a "bait and switch" here. I think Obama is attempting to look good to normal America while his minions in Congress - - you know, the people who actually have to DO something to prevent the cuts from expiring - - are winking and nodding at him while they have every intention of letting the tax cuts expire on schedule.

DO NOT trust any of these lying scumbags.

19 posted on 11/23/2008 9:33:11 AM PST by Lancey Howard
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To: Lancey Howard

I think Obama is just working up for a bigger tax hike later down the road.


20 posted on 11/23/2008 9:33:58 AM PST by Always Right (Obama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
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he realizes he is in that tax bracket and likes his money to himself. He also realizes that the voice about taxing the rich even more is a small but loud minority. Good for him. Let’s hope he doesn’t ever touch this and realizes how dumb taxing the rich even more is. He does want to be elected again in 4 years and taxing the rich is not the way to get this economy back on track.


21 posted on 11/23/2008 9:38:31 AM PST by TerP26
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To: Lancey Howard
You notice how they don't report the bottom tax rate for the lowest income earners would increase to 15% from the 10%, and middle income earners would go to 28% from 25% and 28% to 31%, IF THE BUSH TAX CUTS EXPIRE, they only talk about the so called "upper" marginal tax rate and the so called RICH!

Another example of how the MSM is in OBAMA's back pocket reporting only the talking points issued by the DNC.

22 posted on 11/23/2008 9:39:39 AM PST by PISANO
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To: Lou Budvis
That gives him two years to come to his senses and renew them. If that happens even I’ll chant, “ Oh-Bah-Ma, Oh-Ba-Ma” once or twice.

Well, "delaying" them would give him a second shot at "promising" his looney-left base that he will let them expire just in time for the 2012 election. It's a two-fer!

23 posted on 11/23/2008 9:40:25 AM PST by Lancey Howard
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To: Lancey Howard

This is a great opportunity for the Republicans to get together on something significant and position themselves for the mid-term elections. Obama comes in realizing that the past and current government excesses have effectively tied his hands on a lot of his leftist desires.

If the Republicans can at least grow a spine on this, we could see some turnaround in a couple of years.


24 posted on 11/23/2008 9:40:35 AM PST by untwist
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To: Lancey Howard

Exactly .


25 posted on 11/23/2008 9:42:29 AM PST by ncalburt (Read all about)
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To: PISANO; All; Admin Moderator
Actually, the full title of this article was: OBAMA MAY DELAY TAX-CUT ROLLBACK ON WEALTHY, but I accidently left the last two words off when I posted. Sorry about that.
26 posted on 11/23/2008 9:42:33 AM PST by Lancey Howard
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To: untwist
If the Republicans can at least grow a spine on this, we could see some turnaround in a couple of years.

That is a big "if"....

27 posted on 11/23/2008 9:43:30 AM PST by Lancey Howard
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To: PISANO

Sorry..... the last line should read to 31% from 28%.


28 posted on 11/23/2008 9:44:10 AM PST by PISANO
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To: IGOTMINE
Check out This DU thread on it.
29 posted on 11/23/2008 9:44:25 AM PST by realdifferent1 ("If you saw Atlas,...what would you tell him to do?"... "To shrug.")
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To: Lancey Howard

Good for him. There will be plenty to criticise in his administration, but at least he is doing this right. Make them permanent, and cut spending, and it will have an even better effect on the economy.


30 posted on 11/23/2008 9:44:32 AM PST by Vince Ferrer
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To: Lancey Howard

Oh goodie! In fifty five days we can start calling them “Obama’s tax cuts for the rich”.


31 posted on 11/23/2008 9:45:50 AM PST by ArmstedFragg
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To: Lancey Howard

That’s gonna leave a mark.


32 posted on 11/23/2008 9:46:43 AM PST by LiberConservative (Typical white guy)
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To: Wally_Kalbacken
Damn he's fast!

Well, that's a big change...

33 posted on 11/23/2008 9:47:29 AM PST by ArmstedFragg
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To: Lancey Howard
A classic from DU "Change we can make believe in" !

DU in pre meltdown mode. Ha ha..

34 posted on 11/23/2008 9:50:00 AM PST by libh8er
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To: ArmstedFragg
In fifty five days we can start calling them “Obama’s tax cuts for the rich”.

Wonder how the DriveBys are going to spin this..

35 posted on 11/23/2008 9:51:35 AM PST by libh8er
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To: Lancey Howard
Ironic. Clinton Kool-Aiders insist that the 1993, retroactive $300 billion tax hike, er, “Economic Recovery Plan”, was the primary reason for the economic boom of the 1990’s. Their fantasy led them to believe that correlation = ‘cause & effect’, as though reducing the size of our paychecks somehow creates prosperity for all.

Since our Dear Leader is affectively re-creating the Clinton administration (CHANGE we can believe in!!), shouldn't he be touting a massive tax increase as the one true path to our prosperity? We all recall the Democrats demagoguing the economy in 1992 as “the worst economy since the Great Depression”.

Obama’s a congenital liar. He cannot help himself.

36 posted on 11/23/2008 9:53:58 AM PST by Chairman of the Bard
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To: Lancey Howard; All

All ‘The One’ has to do it wait for the Bush cap gains tax cut to expire in 2010. That alone is a huge tax increase.


37 posted on 11/23/2008 9:55:05 AM PST by Fred (The Democrat Party is the Nadir of Nihilism and BO is a WHINING marxist)
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To: Lancey Howard

LOLOLOLOLOLOL

I was waiting for this, dems are so predictable, we missed an opportunity here, any of us could have went on Montel Williams and proved that we’re “pyschic” like that fat fraud psychic he has on.

That McCain let him lie about taxes the whole campaign is to McCain’s eternal shame, he didn’t even wait to take office like Clinton.

Lurking moonbats: You are the dumbest people on earth, Communists don’t lower taxes.


38 posted on 11/23/2008 9:57:52 AM PST by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: Lancey Howard
ow is he going to give 95% of us a tax cut if he doesn't roll back those tax and tax these upper income people more?
He said he was going to give us common folk a lower tax rate and his own fashionista and media tycoons were going to pay for it. I will hold him to his word. If the damn GOP country clubbers who help elect him through their incompetence and lack of responsiveness have to pay more than so be it to.
39 posted on 11/23/2008 10:00:09 AM PST by bilhosty
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To: Lancey Howard

Obama announced his stimulus package on the radio, he is going to create 2.5 million new jobs, how? They’re going to be ALL GOVERNMENT jobs and building roads, etc. Those road building contracts always go to the most corrupt. Remember the bridge collapse after the CA earthquake, they contracted it out privately and it went 10 times faster.


40 posted on 11/23/2008 10:01:13 AM PST by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: Vince Ferrer

“Good for him. There will be plenty to criticise in his administration, but at least he is doing this right. Make them permanent, and cut spending, and it will have an even better effect on the economy.”

Agree with that except it would help people’s retirement plans if he would make the capital gains zero. Maybe Obama has some common sense.


41 posted on 11/23/2008 10:07:10 AM PST by mombi
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To: Lancey Howard

So this is GOOD news for us?

This guy is headed to 2010 election of democrats. He has a political strategy to win elections like 06+08. Republicans appear to have nothing and stand for nothing. Give the candy first, the taxes later after election. by then everyones soul will be owned by Democrats.

1993 Clinton stimulus package failed and he raised taxes truely worried about deficits, these guys got a huge set of gifts handed to them,


42 posted on 11/23/2008 10:07:48 AM PST by sickoflibs (Democrats for Issues, Republicans for Solutions (sometimes really bad) , which wins elections?)
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To: bilhosty
How is he going to give 95% of us a tax cut if he doesn't roll back those tax and tax these upper income people more?

Simple. It's called BIOB. Blame It On Bush. He will say (or the Drive Bys will say it for him) that Bush created an economic scenario far worse than thought earlier and given the circumstance we find ourselves in, he has no choice but renege on some of his campaign promises. The DriveBys will give him a complete pass, the lunatic fringe blogosphere will grunt and groan for a while, but after a while it will be completely forgotten. In fact he will get all the CREDIT for saving us from Bush's economic mess !

43 posted on 11/23/2008 10:08:07 AM PST by libh8er
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To: realdifferent1
Wow, some scary thinking going on over there as usual.

Here's one -

The rich are great black holes into which the money disappears, never to be seen again. Appropriate taxation of the rich prevents the buildup of hoards of idle cash which can cause calamities like the one we are in now. If those people earning $250,000 and up had paid their share of the taxes, we would have infrastructure and health care, no deficit, and most likely no Depression looming. And they would have real profits, not paper ones that vanish in a panic.

And when someone actually has the nerve to balk at high tax brackets he gets this in response -

When you pay your taxes you are not "subsidizing" the poor and middle class -- You are simply making some RESTORATION for the special privileges you've been given --- among many other privileges --

In fact, if we had never had these few hundreds of years of capitalism/corporatism we'd probably still have citizens with options other than working for corporations and/or as near-slaves all over the world for capitalists. Perhaps we might even have prevented this capitalistic desecration of nature -- of the planet which has been so completely polluted and sickened. Additionally, a privileged status often provides a way to gain special favors from legislators/government and others, adding up to total corruption of the system.

HOLY MOLEY.

44 posted on 11/23/2008 10:14:07 AM PST by agrace
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To: Lancey Howard

Yes, it is a big if. The consequences of not having a strong pro tax cut message are an even deeper recession. If the Republicans can’t deliver then it’s time for a new, conservative party.


45 posted on 11/23/2008 10:16:59 AM PST by untwist
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To: IGOTMINE

OBAMA MAY DELAY TAX-CUT ROLLBACK?


46 posted on 11/23/2008 10:17:13 AM PST by McGruff
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To: agrace

Proud product of the NEA.


47 posted on 11/23/2008 10:17:57 AM PST by realdifferent1 ("If you saw Atlas,...what would you tell him to do?"... "To shrug.")
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To: mombi

John Boehner is proposing that. Hopefully that can get passed, as it is a double tax already.


48 posted on 11/23/2008 10:21:19 AM PST by Vince Ferrer
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To: Lancey Howard

Meet the Press this morning was an exhibit of Tom Brokaw and Bill Daley drunk on power. Tom was calling for the overthrow of the government and was demanding that George Bush leave now so that Barry can take total control prior to January. Brokaw is lost without his teleprompter.

That’s big of Bill Daley to consider letting us keep our money. I’m having a hard time believing that Chicago machine politics are being forced on the Nation.


49 posted on 11/23/2008 10:25:15 AM PST by purplelobster
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To: realdifferent1

One poster commented that he loved “whiney rich people”, which is hilarious given that the majority of posters on that thread are whiney poor people.


50 posted on 11/23/2008 10:28:37 AM PST by guido911 (Islamic terrorists are members of the "ROP", the "religion of pu*&ies")
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