Obama Blinks on Tax Cuts for the Rich
Posted on Nov 11, 2010
Democrats of all stripes are voicing their horror after the White House indicated it might cave to Republicans and extend the Bush tax cuts to the wealthy. It’s one issue that has managed to unite and excite the Dems, and for which polls are overwhelmingly on their side, so it’s not surprising that there’s already a petition opposing the surrender.
It’s hard to overstate just how much some Democrats, still reeling from the midterms, were relishing the prospect of the Bush tax cuts fight.
Polls show a majority of voters support raising taxes on the rich. Democrats could accuse Republicans of being hypocritical defenders of the elite. And the debate would be a well-timed rallying cry for Obama as he sought to reassert himself as champion of working Americans after the Democrats’ drubbing at the polls.
Now it doesn’t look like it’s going to play out that way.
White House / Pete Souza