Obama Shouldn’t Cave to the Right on Tax Cuts
Posted in Main Blog (All Posts) on January 9th, 2009 5:36 am by HL
Obama Shouldn’t Cave to the Right on Tax Cuts
WASHINGTON — Of all the ailments sapping the U.S. economy, failure to cut taxes isn’t one of them. The Bush administration has been an extravagant orgy of tax-cutting. Taxes were cut in 2001 by $1.35 trillion over 10 years. In 2003 they were reduced by another $350 billion. Tax cuts came again in 2004 ($146 billion) and, for good measure, in 2006 ($142 billion).
