Wednesday, December 3, 2008

Obama has postponed the repeal of the Bush tax cuts, and now he's backed off his plan for a windfall profits tax

Ben Smith's Blog: Another tax, cut - Politico.com: "Obama has postponed the repeal of the Bush tax cuts, and now he's backed off his plan for a windfall profits tax -- on the grounds, evidently, that low gas prices may mean the oil companies aren't making windfall profits.

Depending on how you see it, the change is either a welcome adjustment to a changed reality, or another mark that he feels free to dismiss commitments made amid the 'heated campaign rhetoric' he's been deploring lately. (David Sirota, from whom got this news, takes the latter tack.)

Reported the Chronicle: rest http://www.politico.com/blogs/bensmith/1208/Another_tax_cut.html

No comments:

Post a Comment