Wednesday, July 28, 2010
The Next Battle
The Kaplan Daily rolled out all it's guns this morning --including an editorial!-- arguing against retaining the Bush tax cuts for the wealthy while keeping the low-and-middle class tax cuts in place. Obama will need to insert spine into the usual conserva-Dems in the Senate, including Kent Conrad and Ben "Dover" Nelson, to get this done. They've been making noises about letting earners over $250,000 keep their tax cuts against all evidence that, generally speaking, this income bracket has been doing rather well in the Great Recession compared to the rest of us, and raising their taxes would not harm the economic recovery. Good reads: Steven Pearlstein on why this is critical to Obama's agenda; and Ruth Marcus on the Rethugs' "quack medicine on taxes."