Above: The president on tax cuts.
- Obama tax plan: Taking the middle road - Salt Lake Tribune Editorial
President Obama proposes to preserve the Bush tax cuts for everyone earning less than $250,000 a year, but letting them expire for everyone above that arbitrary line. The Republicans say that’s class warfare and it would hurt the economy by penalizing job creators. In fact, the president’s plan is a sensible middle ground, albeit a nakedly political one.
Paradoxically, however, a sudden increase in taxes and cuts in spending, which together would reduce the deficit, would plunge the economy back into recession, at least for the short term. [Read the rest ...]
- Post-election financials - Ogden Standard-Examiner Editorial
Frankly, we need to repeal all of the tax cuts. They’ve been around a long time, but were never intended to be permanently renewed before the expiration date. Because of the tax cuts, less money is going into Social Security, a program already facing a very tough future. ...
- Obama's tax rhetoric aimed mostly at votes - Denver Post Editorial
The president's plan to extend tax cuts for those making less than $250,000 a year isn't a serious economic proposal.
- Don't go small with tax cuts - Orange County Register
Congress should extend Bush-era rates for all taxpayers or make the cuts permanent.
- In tax-cut tug-of-war, both sides must budge - Spokane (Wash.) Spokesman-Review Editorial
When politicians try to lure support for a proposal by stipulating that it will be temporary, it’s wise to ask, "If this is such a great idea, why give it an expiration date?"
- Tax cut season in Washington - Los Angeles Times Editorial
Obama's proposal to rescind Bush-era breaks for the wealthy is political but also the best option.
- Tax cut extension is just a diversion - Prescott (Ariz.) Daily Courier Editorial
While we fully embrace the concept that middle-income Americans need help, Obama's message to Congress was one thing alone: political posturing, a repetition of the same tax-the-rich message he has delivered for the past four years.
- Posturing on tax cuts - Eugene (Ore.) Register-Guard Editorial
Obama’s proposal is flawed in one respect — its extension of middle class tax cuts that fiscal sanity dictates must eventually be scaled back or eliminated to help bring the deficit under control. By kicking the can further down the road, the president ensures that Congress will face the same difficult decision a year from now.
- A troubling time - Las Vegas Sun Editorial
Stalemate, gridlock in Washington keep nation from moving ahead
