FLASHBACK: In 2010 President Obama Wanted Middle Class Tax Cuts Permanent

UPDATE 7-10-12: Yesterday during the daily press briefing, White House Press Secretary Jay Carney made the following statement in response to a question about President Obama’s tax plan:

“The president’s position has always been that we should permanently extend the tax cuts for middle-class Americans and that we should no longer extend the tax cuts for the wealthiest Americans.”

Carney said this just hours after President Obama told the American people he only wanted to extend the middle class tax cuts for one year! Which is it?

Earlier today, President Obama made the same plea for raising taxes on those making over $250,000 a year that he did during the lame duck session of Congress back in 2010. This year, he only wants to extend rates for Americans earning less than $250,000 for another year. Why not permanently? Perhaps a recent comment from House Minority Whip Steny Hoyer (D-MD) will provide some insight:

“‘The president initially has it about right, at the ($250,000 level),’ Hoyer said, following a speech at the Center for American Progress. ‘But I would be prepared to go lower at some time in the future than that.’”

In an election year where every argument and decision is based on pandering to special interest voting blocs, why would the President only call for a one year extension for the “middle class” tax cuts and not making them permanent? In 2010, that’s what the White House wanted (video here):

“Now, I believe we ought to make the tax cuts for the middle class permanent. For the middle class, permanent.”

And for good measure, let’s not forget when the President said, “you don’t raise taxes in a recession.” We might not technically be in a recession, but with an economy creating less than 100,000 jobs a month, you’d be hard pressed to find someone who thinks we are on sound footing, including Mr. Hoyer who said the “economy is still struggling.”

Related Links:
The Truth about the Bush Tax Cuts

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