Will Obama let the taxcuts for the wealthy expire at the end of 2012?

[kentuck]

Or will he extend them once again, because the economy will not be sufficently recovered?

I wonder if he now wishes he had let them expire when he had the majority?

Do you have to be a conservative to believe that taxcuts will create jobs and bring us back to prosperity?

[onehandle]

1. He will not let them expire under any circumstance.

Bookmark it.

[OhioChick]

18. Agreed n/t

[vaberella]

23. Hello...he can cause them to expire which would mean large tax hikes for everyone.

Do you want your taxes to rise?

[MannyGoldstein]

2. He'll be hostaged again

"I hate to do it! Really! I hate it! 'Scuse me while I go grab a brewsky with the Bush family!"

[Turbineguy]

3. It controls inflation.

A policy that goes not let money flow to the rich will cause inflation. Once the rich have all the money, then we can have runaway inflation and start over.

[katnapped]

4. Not a chance!

Bank on it.

[mmonk]

5. The damage has already been done and we're living it.

It doesn't really matter anymore unless we get some progressives in congress. Personally, I'm not able to fully get over this. I don't really care who that offends.

[Little Star]

6. He does not want them to expire. They will stay. Bank on it!

[KoKo]

7. Congress will let them Expire...and Obama will be fine with it ...is probably the scenario.

:shrug:

[WCGreen]

16. You really think republicans will let the expire.....

[KoKo]

19. I meant to say that Obama , Dems and Republicans will continue them...

sorry...

I think I meant "expire" in that they wouldn't vote not to continue them... My bad..:blush:

[ncteechur]

8. Yes. If he wins reelection, then he has a bit more freedom to be bolder. If he loses, then he can

effectively say "Fuck 'em"

[TheKentuckian]

9. Will he veto reauthorization? Not likely.

The TeaPubliKlan House will surely vote to continue them and the FrakenSenate will go along.

[villager]

10. Have any other rhetorical questions for an OP, Kentuck? ;-)

n/t

[kentuck]

11. Just thinking where we might be right now if the taxcuts had expired?

And it is not rhetorical to ask what will be a real decision that will have to be made. It is only rhetorical if we know what his decision is already?

[Warren Stupidity]

15. The federal government's deficit projections would be lower.

However as there is no emergency funding for the states that are going down the toilet, the situation would be about the same as it is now. The federal deficit can be and always is just papered over with new debt.

[villager]

25. You're right, of course -- but I can't imagine the sudden backbone infusion that would allow them...

...to expire. Especially in the heat of an election campaign between the "two" parties...

[FormerDittoHead]

12. Only if he "has" to sign in a more aggressive xfer of wealth from the middle class to the rich. n/t

[bigwillq]

13. I don't believe so.

We shall see.

[Warren Stupidity]

14. obviously no

[Bake]

17. Do you mean the Obama Tax Cuts for the Rich?

Nah, they're here to stay. And Obama owns it.

Bake

[jp11]

20. I doubt it, republicans won't want them to expire and with whatever

power they have will hold democrats hostage again until they cave again. I don't think he'd look back on the past and say 'I wish I did that'. I think you need to be in a land of your own mind's making to think that tax cuts create jobs.

The worst thing about the Obama Tax cuts is our country needs tax hikes for the rich, and any 'chance' of getting that point to the country through the republicans was smashed to bits by the Obama Tax cut deal. We also 'lose' out on the results of taxing the rich for 6+ years, the defunding of so many programs and agencies and the message will be spun that the tax cuts that didn't do jack since Bush enacted them now suddenly worked, or will need more time to work, cause obviously democrats couldn't sell the fact that they didn't work.

[Lorien]

21. No silly, that would be "punishing success"; you know, the success of being born to

the right parents, or swindling investors, or buying the politicians who give you hand outs, or finding slave labor to send American jobs to, or buying with insider trading knowledge, or manipulating commodities...no, taxes are for those workers who get their crumbs the old fashioned way; by busting their asses, living honorably, and settling for far less than they are worth!

[katnapped]

24. Zactly...

How DARE any of you expect anyone by the name of KOCH to contribute more

[vaberella]

22. Maybe--which means massive rise in taxes for the poor and middle class.n/t

[Godhumor]

26. So I assume he wasn't being honest in his proposed budget with the provision to permanently sunset

The tax cuts?

[Motown_Johnny]

27. there is an election in 2012 ya know.... I think you will get your answer then

and it is my assumption that he plans on running on letting them expire.

[sad sally]

28. On top of the Obama Tax Cuts to the Wealthy

becoming permanent - and they will go on and on as long as there's one red cent to bleed out of anybody other than the wealthy - how about the other part of the President's tax giveaway - the extension of unemployment benefits? Two plus months have now passed since the one year extension, but the ruling House has yet to propose anything to make sure that when the extended benefits run out there will be jobs for the millions of unemployed.

And what about the 2% SS tax holiday? Do think there's a chance in hell this will end? I doubt it, in fact it will probably be raised another percentage until there's no one paying into the SS fund. Suppose all these folks will be able to safely and wisely invest this "bonus" money into a private retirement fund? Not a chance - they will need every penny in order to eat, live, and pay increased state and local taxes.