"Once again, the leaders across the aisle are saying no," Obama said in brief remarks after a Cabinet meeting. "They want to hold these middle-class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans." What’s more, "We don't have time for any more games," Obama said. "I understand there's an election coming up, but the American people didn't send us here to just think about our jobs. They sent us here to think about theirs."
Middle-class earners are the most likely to spend money saved through tax cuts. The statement means that the American government is delaying an agreement to extend them for the middle class. Nevertheless, in my opinion, Republicans have steadily gained ground on economic issues and now have a slight advantage on handling the economy, the federal deficit and taxes.
Post by: Ziying Yuan
http://content.usatoday.com/communities/theoval/post/2010/09/obama-on-gop-once-again-the-leaders-across-the-aisle-are-saying-no/1
I agree about your opinion that the Republicans seem to have the advantage heading into the November elections. I think Obama and his staff should figure out a way to extend the tax deal to some extent. If he's willing to throw around money we don't have for the stimulus package, then why can't we afford for more citizens to have more money to spend. Middle-class families are still going out and spending money in this economic time, giving them more money would benefit our country more than not extending this tax cut.
ReplyDelete