President Obama has suggested that Bush II tax cuts he signed off on in December 2010 be extended again for all except the rich. That seems a campaign ploy. Like the 2010 renewal the President is unlikely to do more than sign off on them again before leaving office.
If the President was serious he would let the tax cuts expire for all and let Democrats in Congress have that leverage for getting concessions on important ecospheric and economic reform legislation in return for a 1% tax cut for the middle class here, and a 2% tax cut on the poor and working class there. Its the only realistic way to go. Gradual reform by a thousand budget cuts and reforms are more practical than the big bureaucratic package compromised to death.
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