Joe Weisenthal
In his second term, Barack Obama might be tempted to let all of the Bush tax cuts expire, not just those for the rich. That's the conclusion of Noam Scheiber, who wrote yesterday in The Daily Beast that early in Obama's Presidency, he was intrigued by a proposal to let all the tax cuts expire, or only let the middle class tax cuts continue if they were "paid for" elsewhere in the budget.
Scheiber's conclusion: Obama might be much more hawkishly-inclined than people give him credit for.
But let's back up a second...
All year, there's been a growing drumbeat that 2013 is when things are going to start getting bad again, since that's when the spending cuts kick in.
Thanks to the 2011 debt ceiling fight, we're set for some sharp cuts as soon as the election is over.
In his second term, Barack Obama might be tempted to let all of the Bush tax cuts expire, not just those for the rich. That's the conclusion of Noam Scheiber, who wrote yesterday in The Daily Beast that early in Obama's Presidency, he was intrigued by a proposal to let all the tax cuts expire, or only let the middle class tax cuts continue if they were "paid for" elsewhere in the budget.
Scheiber's conclusion: Obama might be much more hawkishly-inclined than people give him credit for.
But let's back up a second...
All year, there's been a growing drumbeat that 2013 is when things are going to start getting bad again, since that's when the spending cuts kick in.
Thanks to the 2011 debt ceiling fight, we're set for some sharp cuts as soon as the election is over.
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