Obama may delay tax-cut rollback for wealthy

Obama may delay tax-cut rollback for wealthy

PostBy: coalmeister On: Sun Nov 23, 2008 1:23 pm

:lol: :lol: WASHINGTON (Reuters) – President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.

David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. "Those considerations will be made," he said on "Fox News Sunday."

Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC's "Meet the Press" that the 2010 scenario "looks more likely than not."

President George W. Bush's tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels, when the top individual tax rate was 39.6 percent.

Hee Hee!!! Well folks that did not take long did it? Ready to run him out of town on a rail yet Dev? :lol: :lol: How about starting impeachment? Although I bet it's GW and Chaney's fault...somehow. I'm sure their power and control transcends a mere election :whistle: :whistle:
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Re: Obama may delay tax-cut rollback for wealthy

PostBy: av8r On: Sun Nov 23, 2008 2:02 pm

Too funny...he's already caused more problems with the markets by simply being elected than any other president in history....

too funny...I look forward to more of the same.
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