Most Read
    Image 01 Image 02 Image 03

    Campaign Slogan 2012: “Barack Obama, Tax Cutter”

    Campaign Slogan 2012: “Barack Obama, Tax Cutter”

    If Barack Obama had his way, taxes would be up across the board.  Most obviously for the job creators in the form of higher marginal income tax rates, but also for everyone in the form of a health care mandate, energy taxes, increases in capital gains and dividend taxes, and various regulatory costs (such as cap-and-trade) passed on to consumers.

    Against Obama’s will, Republicans have forced Obama to become a tax cutter, as the cost of not raising taxes on job creators and investors.

    The “framework” of the deal to prevent Obama from getting his wish to raise taxes includes some modest tax breaks for middle-income earners, such as a temporary decrease in payroll taxes (i.e., social security).  These tax decreases were Obama’s idea, to justify why he caved in to the Republicans.

    The fact that Obama was brought to cutting taxes kicking and screaming will be forgotten.  The fact that Obama didn’t really want any tax decreases but only used them as a face-saving device will be forgotten.

    Obama has grabbed the mantle of tax cutter.

    All in all, I think Obama had a pretty good day.

    Follow me on Twitter, Facebook, and YouTube
    Visit the Legal Insurrection Shop on CafePress!
    Bookmark and Share


    Donations tax deductible
    to the full extent allowed by law.


    4rc is right. As the president himself said today, he'll be fighting to reinstate the old tax code over the next two years. In 2012, as a way to hold off any primary challengers at least, he'll be campaigning on letting the cuts expire, whether they work or not; and his Republican challenger will be touting them.

    Leave a Comment

    Leave a Reply

    You must be logged in to post a comment.

    Notify me of followup comments via e-mail (or subscribe without commenting.)

    Font Resize
    Contrast Mode
    Send this to a friend