Middle class taxes may rise anyway
July 9th, 2012
03:02 PM ET
2 years ago

Middle class taxes may rise anyway

NEW YORK (CNNMoney) - President Obama and Republicans battled Monday over a familiar dividing line: the Bush tax cuts.

While they disagree over taxing the rich, both support extending the Bush tax cuts for the middle class for one year.

FULL STORY

Filed under: Congress • President Obama • Taxes
soundoff (30 Responses)
  1. Rudy NYC

    Why is Obama still running Bush policies...

    Upon Obama's election in 2008; "HE" Obama should have adopted his own policies....this is what a real leader does...After almost four years in the White House...Obama is still in Bush's footsteps.....this calls for a real change....!
    ---------------------
    Because conservatives got together and decided that they would use the filibuster to "make a liberal govern like a conservative." That was the plan. Most people have not really picked on the fact that our fiscal policies have been a continuation of the Bush policies. What's most remarkable is how conservatives blast the president for failed policies when it is conservative policies that have held sway.

    July 9, 2012 04:21 pm at 4:21 pm |
  2. Doctor in the House

    Woman In California - and secret plans on how he would overthrow the government.
    ==================================================================
    Time to take the tin foil hat off, put the koolaide down and take a reality pill. You are sounding more than a bit out to lunch my dear, even for somebody from California.

    July 9, 2012 04:27 pm at 4:27 pm |
  3. Four and The Door

    Rudy NYC
    somebody wrote:

    "....Democrats believe giving the government more and more taxes is the path to prosperity....."
    ---––
    No they don't. Liberals believe the way out of a recession is for government to fulfill its' roles as the "employer of last resort", the "lender of last resort", and the "consumer of last resort".
    ______________________________________________________________________________________________
    What a fatally flawed philosophy, especially when the national debt is already sucking the life out of our economy. But looking at it from Obama's point of view, life as a President is sure easier when you adopt a philosophy that lets you spend like crazy! Everyone's happy except the poor working schmuck who has to pay taxes. And the next generation saddled with debt up to their ears.

    I like Mitt Romney's approach. Manage the government. Manage the money government takes in from the working taxpayers. Make economic decision based on economics rather than politics. Deliver good results to the people.

    July 9, 2012 04:29 pm at 4:29 pm |
  4. Sniffit

    How many times must this be said?

    ENDING A TAX CUT THAT WAS INTENDED TO BE TEMPORARY WHEN IT WAS ENACTED IS NOT "RAISING TAXES."

    Seriously. Cut the freekin crap with the "broken promise" and "more tax and spend" nonsense. You just sound like petty, angry morons with developmental disorders who are simply unwilling to operate in the reality the rest of us live in. We got a short temporary payroll tax break of 2% during the recession and to help with recovery. IT CANNOT BE PERMANENT AND WAS NEVER INTENDED TO BE. Pretending that this somehow represents Obama "raising taxes" is nonsense. He's the one who gave you this tax break in the first place, so you never would've had a coulpe grand extra if it wasn't for him and you're going to have to go back to paying the 2% at some point because THAT'S WHAT RESPONSIBLE ADULTS DO WHEN A TEMPORARY TAX CUT WOULD BE DAMAGING TO EXTEND INDEFINITELY. GROW. UP.

    July 9, 2012 04:29 pm at 4:29 pm |
  5. bill

    The uhbama lies, your taxes will rise.

    July 9, 2012 04:32 pm at 4:32 pm |
1 2