Obama's tax hike for the rich?

May be delayed, per Obama.

See article below.

I found this to be very interesting. If the Bush tax cuts for the wealthy have been so devastating for the economy, why is Obama not working to immediately resend the tax cuts early in his presidency?

http://news.yahoo.com/s/ap/fact_check_obama_taxes

8 Answers

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  • 1 decade ago
    Favorite Answer

    He is a talking suit. He would say or do anything to get elected. He did and now he is already backstroking.

  • 1 decade ago

    Raising taxes has never been good or helped anyone. It only make the Business owner pay more so they charge more and hire less people. The Economy is the way it is because the Democrats made banks and lenders lend out money that people could never pay back. So all of the sudden all these people are not paying what they should and boom we have a snow ball effect.

  • 1 decade ago

    There is a right time to raise taxes, and maybe now is not the right time. That's what the word "delay" means--it means that the proposal is still on the table, but for the future. It's not that difficult to understand.

  • 1 decade ago

    he's only delaying the tax cuts for the wealthy. but he is gonna give tax breaks to middle class immediately.

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  • 1 decade ago

    He's thinking something through before acting. What a refreshing change...

  • Anonymous
    1 decade ago

    because he knows there is something wrong with his plan

  • Anonymous
    1 decade ago

    He LIED, he speaks with a forked tongue...

  • Moron!!

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