Obama Ready To Backtrack On Middle-Class Tax Cuts
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Oh, you didn’t think he was serious. Did you? Barack Obama rallied his campaign around big, big promises that he couldn’t keep. Like “spend, spend, spend” coupled with tax cuts. That simply does not add up. Despite this simple math the kool-aid drinkers jumped on the bus and now Obama is ready to drive that bus right over his tax cut promises:
President Obama’s budget chief hinted Wednesday that the president’s signature campaign issue — a middle-class tax cut — will not likely survive a budget battle with Democrats on Capitol Hill.
On a conference call with reporters in advance of the president’s trip to the Hill to speak before the Senate Democratic caucus, Office of Management and Budget Director Peter Orszag indicated that, while 98 percent of the budget mark-ups in the House and Senate are on par with the administration’s budget blueprint, some campaign trail promises, like middle-class tax cuts, may get left on the cutting room floor.
But, but, but… he promised. Right?
Source: ABC via Greg Mankiw
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